Pension issue remains unresolved, Reserve Bank stares at union agitations

The unions may go on an indefinite strike and the RTGS system, which is the backbone of financial transactions in the country, could get severely impacted for days on end

With the year coming to an end, and no communication on the issue of updating pension yet, the Reserve Bank of India (RBI) could be heading towards big agitations in the New Year.

The government was expected to communicate by month-end its nod for improvement of the RBI's pension scheme, but that has not been done yet.

In August, the RBI staff went on mass leave, protesting the government's rigid stance on the issue, harming the "real-time gross settlement" system for a few hours. However, this time, the unions may go on an indefinite strike and the RTGS system, which