Monday, 19 April 2021

Broad daylight robbery by L.I.C of India again!


EXCERPT FROM THE GAZETTE OF INDIA

MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 15th April, 2021
G.S.R. 267(E)

(3) These rules shall be applicable to those Class I Officers who were in the whole-time salaried service in the permanent establishment of the Corporation on or after the 1st August, 2017:

Provided that where any Class I Officer gives a notice in writing to the Corporation, within a period as specified by the Corporation, expressing his option to be governed by the provisions of these rules with effect from a date which is not earlier than 1st August, 2017 and not later than the date of publication of this notification in the Official Gazette, then the Corporation may, by order, permit such Officer to be governed by these rules with effect from the said date and no arrears for the period prior to the date so opted shall be payable to such officer:

Provided further that an officer whose resignation had been accepted or whose services had been terminated under rule 39 of Life Insurance Corporation of India (Staff) Rules, 1960 during the period from 1st August, 2017 to the date of publication of this notification in the Official Gazette, shall not be eligible for the arrears on account of revision under these rules.

END OF EXCERPT

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Deja vu again!

L.I.C of India, the premier Government owned organization has again included the Clause 3 ii b by which resigning employees' arrears payments will be repudiated again, despite a Supreme Court judgment that has declared this Clause to be ultra vires.

Whom is the Corporation and Government trying to fool? Its stake-holders or the esteemed Supreme Court which can haul them up for repeated Contempt of Court?

Just omitting the nomenclature ii b does not make the said clause legal! It is as illegal and unjust as ever, as it has the exact wordings by which the arrears are blatantly repudiated in contravention of our fundamental right to wages; in each Charter of wage revision since 1997.  The esteemed Supreme Court's judgment of 2007 had declared this Clause 3 ii b to be ultra vires.

Will the Corporation and the Government never ever mend their ways and mete out justice to all of us resigning employees who have been denied our arrears' payments and the corresponding difference in statutory payments like Provident Fund and Gratuity?

Why act 'holier than thou' while bringing other criminals who don't pay their employees, share or debenture-holders or default on their loan or mortgage payments to banks, to book; for their crimes, when you are sweeping your own crime under the proverbial carpet since more than two decades?

 It is just like the pot calling the kettle black!

Not paying us our dues is also a crime, in case you need to be reminded!

It is thus downright shameful that such a Government owned premier insurance organization even thinks of announcing an I.P.O. when it can't be ethical and pay us our dues. This injustice has been going on since 1st August, 1997.

Rest assured, dear long-suffering resigning ex-employees, this crusade will end only when all of us get back our dues with accrued interest!

Isn't it often said, "Bhagwan ke ghar mein der hai, andher nahi!"

Let's trust in God and keep up the josh!

SATYAMEVA JAYATE!

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