Monday, February 22, 2010


You may recall that a NOINO delegation had met ED(P), ED(CRM), ED(Mktg) & ZM, WZ on Thursday, 18th February 2010. Continuing our talks on issues concerning Class I Officers, we further met Managing Director Shri A K Dasgupta on Saturday, 20th February, 2010. The following issues were again raised & the response of the MD was almost identical to the position taken by ED(P)/ED(MKTG):-
1. Delay in Housing loan instructions:- He said that the Corporation wanted the employees to get a Housing loan at lower rate of interest & the management was striving towards it. He said that the circular was expected to be issued shortly.
2. Perquisite tax on staff quarters/newspaper/loan on car under scheme VI(revised) :- He said that the staff quarters matter was sub-judice. He said that a way out could be thought on the loan on car. We reiterated our demand that the Corporation should bear the tax as is done in RBI.
3. Charter :- He repeated the management position that as of now, the government was not in a positive frame of mind & that they were constantly in touch with the finance ministry officials.
4. Implementation of E-FEAP :- We reiterated the demand of stopping the further implementation of E-FEAP till the experiment was successful in the first three branches of Mumbai DO-3 where the work has virtually come to a stand-still as a result of the failure of the programs. He assured to look into the matter immediately. However, at the time of issuing the circular, the management has went ahead & started the implementation in 8 more branches, ignoring all the protests of the employees, agents, development officers & policyholders who are the ultimate sufferers. We protest the highly callous approach of the management which would be wholly responsible for the situation arising in these 11 branches. We had also submitted a memorandum to ZM, WZ Shri S Roychoudhury on Saturday. The memorandum has been attached herewith. NOINO/NOIW delegation in Mumbai DO 3 had also met the SRDM of Mumbai DO 3 Shri Padmapati Dwivedi on Friday, 19th february 2010 & submitted a memorandum to him. A copy of that memorandum has also been attached.

NOINO will continue its efforts to bring relief to Class I Officers.

Ganesh Kamath

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