The following document shows how L.I.C of India, a premier, government run enterprise takes important decisions such as wage revision and repudiation of the resigning ex-employees hard-earned wages which are their constitutional right.
It has submitted the following document in response to my R.T.I query which reveals that it has NO FILE NOTINGS REGARDING WAGE REVISION RECOMMENDATIONS!
Note the point in the document that says "File notings regarding wage revision recommendations of LIC do not exist. Hence cannot be provided."
Isn't it absolutely shocking that this insurance behemoth doesn't even consider it necessary to mention/approve/ratify any of its wage revision decisions including the ones that cruelly/ illegally/unjustly deprive its resigning, ex-employees of their due, enhanced, back-wages and ensuing difference in Statutory Retirement Benefits?
Since this repudiation goes way back to 25 years, the Corporation, out of sheer herd mentality and an absolute and pathetic lack of application of mind; keeps on committing the same blunder ad nauseum and to the utter financial loss of its hapless resigning, ex-employees.
Interestingly, even the Finance Ministry, that ratifies the Wage Revision Charter doesn't deem it fit to ask for the same! So the cavalier attitude and approach is replicated at all levels.
Besides, we wonder with amazement and dismay about what is the criteria for ratification then? If there are no criteria, doesn't the whole exercise become arbitrary, that is unbecoming and just not acceptable for an institution of L.I.C's caliber!
If there are no reasons for repudiation of arrears, how can they even be repudiated, that too since 1997? L.I.C could not give me any reason to repudiate the arrears.
Surely the Corporation understands that sound reasoning, honesty, transparency, ethics and empathy are required to run the affairs of such a large, public sector enterprise? It can't act like a petulant, recalcitrant kid that makes off with someone's belongings (read - our wages) and doesn't return them at all!
We can only hope and pray that
it is better governed and administered in the days to come or it will
not take long for it to plunge into an ABYSS OF NO RETURN OR REDEMPTION.
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