A NOINO delegation led by our President Shri Prakash Javadekar, MP met Shri Pranab Mukherjee, Finance Minister, Govt of India yesterday i.e. on 20th September 2010 and discussed the issues of wage-revision and PLLI. Other members of the delegation were Shri S.B.Sharan, Zonal Secretary, NZ; Shri S.K.Saini, Zonal President, NZ and Shri H.K.Dhiman, Zonal Vice President, NZ. The details of the discussions are given below:-
1. Wage revision notification: We pointed out that our wage-revision was due since 1st August 2007, i.e. for more than 3 years. We informed him that the revised wage-structures, duly discussed with all unions and passed by LIC Board, stood sent to his ministry for getting necessary approval and notified in the official gazette. Shri Mukherjee immediately enquired about the matter from his office and informed us that Shri R. Gopalan, Secretary (Insurance) was out of country, so, he was unable to tell the exact position at that time, however, he would be informing us about the matter as soon as Shri Gopalan is back to India i.e after 2 days. We reiterated that 3 long years had passed since our wage-revision became due and that officers and employees were getting impatient. To this the Finance Minister assured us that he would see to it that the notification would be expedited very shortly.
2. PLLI: We informed him that PLLI for the financial year 2009-2010 was not yet paid to the employees. We also informed him that the matter was pending with his office for getting necessary approval of the parameters. We further informed him that the books of accounts for the last financial year stood officially declared on 1st September itself and, as such, the payment stood delayed to us. We requested him to ensure that all the LIC officers and employees were paid the maximum rate of PLLI (i.e. 6%) in the wake of outstanding performance of the Corporation. We further requested him to approve the parameters accordingly.
The Finance Minister noted our points and assured to get the approval expedited.
We also submitted a memorandum to him in these regards.