a monthly e-magazine of lic retired class i officers ... · ( a monthly e-magazine of lic retired...
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Private Circulation for LIC Pensioners only
( A monthly e-Magazine of LIC Retired Class I Officers’ Association, Kolkata )
July, 2014 (Vol. 1 : 2 issues) Vol. 2 Issue - 7
Chief Editor :
Basudeb Das
Editorial Board : S.K. Mazumder
A.K. Goswami
S.K. Chakraborty
S.K. Ghosh
D.K. Ghosh
T.K. Sanyal
A.K. Mahato
IN THIS ISSUE:
Editorial
Legal News
Asso News
LIC News
Financial News
Health Tips
Of Interest
Pensioners’ News
Pensioners’ Tour
Jokes
EDITORIAL
The Leaders of Pensioners’ Associations are depending too much on Court
Decisions in the matter of removal of DR anomaly and Pension
upgradation without taking lesson from the past history. Unity or no
unity, judiciary will take its own course to decide a dispute and it is a pity
that gradually senior pensioners are leaving this world with their
aspirations unfulfilled.
When there is a change in Union Govt who is at least talking of listening
call of the masses, why not the Leaders are meeting the Govt Authorities
to represent LIC pensioners’ gross injustice whose king pin was the then
Finiance Minister Mr Chidambaram, it is learnt, who had no time even to
see the note of the Secretary(Finance).
Recent arguments placed by IBA to Bank Employees Unions corroborate
the same old theory. It is high time to meet the FM/Bureaucrats to
apprise them of the realities. Mr Prakash Javrekar who is attached to one
LIC employees’ Union assured after meeting of pensioners forum in New
Delhi in April’2014 under leadership of Mr VK Bhasin, Chairman, General
Ins. Pensioners’ Assocn. that if voted to power, he will take up the issue
of pension irregularity with the Govt. OROP for the Defence was first
proposed by Hon’ble Narendra Modi, the then CM. Then why we are
arguing within ourselves to claim fatherhood of the legal victory, if any,
which has time consuming and opportune time is now passing away for
hitting while the iron is red. It is encouraging that our Federation is
considering “….as an organization interested in redeeming the pensioners
from the litigative mess ….” Though nothing concrete step is visible after
a month of forming the new Govt.
Sri M. Srinivas Murthy’s initiative in the legal parlance is well appreciated
and , no doubt, it is need of the hour, but same vigour is required to
apprise the FM Bureaucrats in Delhi (like what RBI Governor Sri Raghuram
Rajan did in case of recent RBI pension revision) to convince them with
statistics that financial burden for pensioners’ revision of pension/DA
updation is not at all a matter of concern in LIC. If FM officials are made to
convince, it will not be difficult to pass the matter in the cabinet through
FM. History of introduction of pension teaches us that very lesson.
NEWS IN BRIEF:
LEGAL NEWS :
The present positions of cases before different courts are narrated below:
Supreme court of India: 1) Civil Appeal no 8959 to 8962 of 2013 (LIC vs KML Asthana) against the
judgment of Rajasthan HC - Listed for 12/08/2014.
2) Civil Appeal no 6995 of 2013 (LIC vs Madan al Gandhi) against the judgment of PB & Haryana
HC-Listed for 19/08/2014. Asthjanaji filed an application on 06.05.2014 seeking to be impleaded
and for direction to LIC for implementation of judgement of P B & Haryana HC.
3) Civil Appeal no 9223 of 2013 (LIC vs Fedn. of Retd. LIC Class-I Officers’ Associations) against the
judgment of Delhi HC is adjourned till 2nd
week of Aug, 2014. Asthanaji has filed one Intervention
Application.
Rajasthan HC: Sri Asthana has filed one Writ petition no CW’3471 of 2014-R 6653/2014 for
implementation of Rajasthan HC verdict dt 12/01/2010 - it was listed for 2nd
April’14 but now
stands adjourned and will be taken up in July ’14 after Summer vacation together with another
writ petition filed by AIRIEF (CW’3508’ of 2014-R 6604/2014). Both the the listed cases are to
come up only for admission of the writs.
Punjab & Haryana HC: Contempt petition against LIC came up to be heard on 26/03/2014 but it
stands adjourned to 7th
July’2014.
Kerala HC: WP no 27863 of 2006 by Fedn. of Class-I officers’ Association. During the last hearing,
Counsel for LIC reported that LIC intended to transfer the case to Supreme Court.
LIC Pensioners’ attention now lies on Supreme Court bench going to deal with all the LIC’s
appeals against judgements of HCs in Aug’14. At this juncture, Pensioners’ unions should
plead in one direction so that GOI/LIC cannot take advantage of divisions of the defendants.
Federation of Retired Class I Officers’ Associations submitted a memorandum to the Hon’ble
FM of india for removing DR anomaly & pension updation with reference to LIC’s Board
resolution and various court decisions. It is reproduced below:
CH MAHADEVAN INTERPRETS:
“……There is no scope for confusion in the Supreme Court. If the petitioners’ counsel in all the three
cases pray to SC for directions to LIC for implementation of the respective HC judgments, and SC
allows the prayers,LIC will be compelled to implement the Jaipur judgment in rem and providing
upgradation on all wage revision dates. The Supreme Court as it will not go into the realm of
interpretation of the HC judgments. It is for LIC to seek any clarifications from the High Courts if
needed as Supreme Court has refused to stay all the three HC judgments.
The real intent of Board Resolution:
i. Removal of DR anomaly for pre-Aug 1997 retirees from 1/11/1993 or the date of retirement, if later.
ii. Merger of rectified DR with Basic Pension on 1/8/1997.
iii. Upgrading the pension by providing weightage of 11.25% on 1/8/1997 as done for in service
employees.
The resolution is silent on similar merger and upgradation on future wage revision dates which had
not arrived on 24/11/2001.But logically, the principle proposed to be adopted on 1/8/1997 should
also be adopted on all future wage revision dates which would mean upgradation-in-chain for pre-
August 1997 retirees.
The Board Resolution only applies to pre-August 1997 retirees.
Only the Jaipur Single Judge Bench Order applies to all pensioners, viz pre-Aug 1997 & posts July 1997
retirees.
As the HC judgments have become binding on LIC by virtue of refusal of their stay by Supreme Court ,
there can be no question of ordering depositing of the amount in the Court as the amount is to be
paid to the eligible pensioners.The question of LIC suggesting all parties to come to a compromise will
not also arise when all the Civil Appeals are together to be heard by the Supreme Court”.
Extracts from AIREF CIR NO 10 dt 04.06.2014:
“2. OUR CASE IN JAIPUR H.C. - We have filed two writ petitions in Jaipur H.C. in March 2014
only for mandamus implementation of the judgement given by Justice Bhandari on 12.01.2010. The
only aim is to have a weapon in our hands for 12.08.2014 in Supreme Court, as the "stay" request of LIC
was refused by S.C. on the implementation of the judgement. Writs came on 22.05.2014 but LIC
advocates prayed for time and now the cases will be listed on 21st
July ie. after summer vacations of
court.
3. A RAY OF HOPE : We are confident that Jaipur H.C. can not give adverse order to its own judgement.
If the court gives clear cut order for implementation of its own judgement LIC can not stand to protect
the order in S.C. even. Though time constrant is there but definitely we may say we are sailing in the
right direction. We know innocent pensioners who had never faced courts are frustated and confused
but always remember "Satya pareshan ho sakta hai parajit nahi." Even a H.C. judge can get justice in
long 13 years in our country, where we stand? All the pensioners are requested to keep patience. We
are sailing near the beach. Main stream is far behind. Keep the finger crossed. Good days are Ahead.
Here are reasons why the good days are ahead:
(A) The judgement of five judges S.C. bench presided by chief Justice R.M.Lodha dismissed
the curative petition of UOI spelling out in clear terms that full DR should be restored for Central
Govt. employees retrospectively from 1.8.97 and also that pension revision should be effective
from the date of every successive wage revision.
(B) It is learnt that Govt. has accorded in principle approved for updation of pension in RBI on
(certain) conditions…..
(C) All India Bank Retirees Federation has identified 3 major pension related resolutions in
10th wage settlement :-
1) Uniform D.A. to all pensioners
2) Improvement in family pension on Lines of RBI
3) Upgradation of Basic Pension.
United Forum of Bank Unions met IBA on 14.03.2014. It is learnt that IBA is ready to consider 1 &
2 on priority basis and also examine the third for past retirees keeping in mind the cost factors...”
ASSOCIATION NEWS:
ANNUAL GENERAL MEETING OF KOLKATA ASSOCIATION HELD ON 14.06.2014
S/SRI P BANERJEE/VP, CS BHATTACHARJEE/VP, AK SENGUPTA/VP, BB PAUL/VP, AK BANERJEE/VP IN THE DIAS WITH SK MAJUMDAR,GS.
A SECTION OF PARTICIPANTS
19 th AGM of LIC RETIRED CLASS-I OFFICERS' ASSOCIATION was held on Saturday, the 14th June’14 at
Subarna Banik Samaj Hall, 47 Ganesh Chandra Avenue, Kolkata-700013.Though the AGM was
scheduled to start at 2pm, members started arriving at the venue from 1-15pm
from distant places of 20/30 kms facing intense heat and high discomfort because of humidity .
The stage was decorated with a photograph of Late Arobinda Ghose, President with garlands. Total
123 members attended the AGM.
The AGM was presided over by Sri Ajay Sengupta, the senior most Vice-President of the Association,
with other Vice -Presidents accompanying him.
The AGM was initiated by observing 2 minutes' silence in memory of Late Arabinda Ghose, President
and other members who departed this world till that date.
After confirmation of last year's proceedings, the report of the Governing body was placed by the
General Secretary followed by its unanimous acceptance and approval of the audited statement of
Accounts. Certain ammendments of By-laws were approved by the House. AGM unanimously elected
18 members’ Governing Body for the year 2014-15. The elected Governing Body is scheduled to meet
on 8th
July’14 to elect office bearers for 2014-15.
Now it is time to eagerly wait for Supreme Court to hear all the three Civil Appeals preferred by LIC
with the hope of something positive to happen on 12th
August ’14. Perhaps, our expectations are
moving faster than the reality forgetting the fact that the legal procedures take much longer time than
we normally expect.
With the Change of Guard at helm of affairs in New Delhi, certain activities by Associations /
Federations and individuals are being observed. The leaders at different places have submitted
memorandums to Hon’ble FM and other Union Ministers (Texts are inserted elsewhere in this issue):-
1) Memorandum submitted to SMT NIRMALA SITHARAMAN, Hon'ble Minister of State of
Finance by a delegation consisting of S/sri C H Mahadevan, V Krishnan, C S Murthy and M
Srinivasa Murthy.
2) On 7th
June 2014, 20 pensioners of Machilipatnam presented a memorandum to Sri
M.Venkaiah Naidu, Minister for Parliamentary Affairs and Urban Development .The
delegation also presented a Memorandum to Sri K. Haribabu, MP.
3) A delegation consisting Shri P.N. Srivastava of Kanpur, Shri Udai Banarjee of Mumbai and
A.M.Kulkarni, Secretary General, Insurance Pension Association, Nagpur and others met Shri
Nitin Gadkari, Cabinet Minister, MP from Nagpur on 14/06/2014 at his residence and
submitted a memorandum.
4) Memorandum to new FM is being submitted by our Fedrn of LIC RETD. CLAS-I Officers’
Associations shortly.
Some leaders of different organizations have been on the move for unity with the objective of placing
converging arguments during the hearing at SC by the different respondents of the Civil Appeals.
Recently, strange things are being observed. Things are strange because we find our leaders including
the most respected have resorted to accusations and counter accusations. Sometimes accusations
have crossed the boundary lines of decency. We do not like our leaders engaged in throwing bricks or
slinging muds at other leaders whom they do not like. The advanced age, perhaps, have wiped out the
sensibilities.
This phenomenon has developed after Sri M S. Murty's move for unity. We may or may not like one's
move or comments but dislike does not demand acrimony and indecency. It is well understood that
unity is not forthcoming but, please, stop this childish reactions. Please do not allow LIC to derive the
benefits out of our own diverging approaches.
It is not time to feel pain at the endeavours made by some leaders to bring in some breakthrough.
Please stop finding faults of others until and unless they act against the interest of the pensioners. It is
useless to raise eyebrows. The colour of the cat is not important. The Capabiity of the cat in killing the
rats is important.
In-service Federation of class1 officers have decided, at a meeting of EC held at Hyderabad recently,
to extend support to the cause of pensioners. We hope our problems will also be raised by them at
the earliest opportunity.
SPECIAL ENTRY SCHEME TO RETIREES, LIC REQUESTED TO FINALISE ORDERS
(P.N. Srivastava), Vice President, All India Retired Insurance Employees Federation, Kanpur
wrote to ED(P)/CO On 3/06/2014 :
Re:- Appeal to allow inclusion of Retirees who are not under umbrella of
Group Mediclaim Scheme.
We are thankful to you for introducing special entry scheme vide your circular dt. 12/05/2014
providing coverage to employees. This depicts the welfare consciousness of the executives.
We request you to revisit our letter dt. 11/03/2014 wherein we requested to open the option
to those retirees/pensioners who are not under shelter of Group Mediclaim Scheme. During
our visit to Central Office on 29/04/2014 we (P.N. Srivastava Kanpur and J.K. Karulkar
Mumbai) discussed at length on the matter, with the Chief (Pers). There are hardly 5% who
are not covered under the scheme. Such group consist of Family Pensioners (widow etc)
residing far away from Divisional HQ who are ignorant of the scheme and could not get due
information. The retires could not deposit the premium timely through their intention was to
get the coverage. It can not be assumed that left over are bad risk. Such persons need your
help to get the health coverage in their old age. You will not be unconvinced of their
difficulties if they are not provided medical cover. They look forward to the executives for
getting the benefit of welfare measures of L.I.C.
In-service enployees already allowed special entry. We are confident your kindself will take
positive consideration to allow the inclusion of left over Retirees/Pensioners immediately.
This will help them to live with tension free, dignity and comfort.
DELEGATION MEETS HON’BLE MINISTER NITIN GADKARI
A delegation consisting Shri P.N. Srivastava,VP, AIRIEF, Kanpur, Shri Udai Banarjee Mumbai
and A.M.Kulkarni Secretary General Insurance Pension Association Nagpur and other met
Shri Nitin Gadkari, Cabinet Minister of Central Government and member of Parliament (MP)
from Nagpur on 14/06/2014 at his residence Nagpur.
“We discussed the issue for about 20 minutes on Updation of Pension and Family Pension at
the rate of 30% and submitted our memorandum.
We explained the matter at length. He took a note of our points on our letter dt. 14/06/2014
and he assured us to talk to Finance Minister Shri Arun Jaitly and also hand over
our memorandum to him to see the Pensioners get the justice since their pension has not
been updated since 1986. He also told us that he will inform soon to us (Nagpur Unit).
Friends we will follow up the matter regularly with Shri Nitin Gadkari ji to clinch the issue at
the earliest for the welfare of pensioners of Insurance Industry. This is in short.”
YESTERDAY(22.06.2014) SUMITRA MAHAJAN WAS IN INDORE AND WE WITH A DEPUTATION
OF 4 PERSONS M ET TAI , AS ALL INDORIANS CALL HER WAS IN THE PLEASANT MOOD.
FIRST WE CONGRATULATED ON BEHALF OF INDORE AND MADHYAPRADESH, HONOURED HER
WITH BUCKET OF FLOWERS AND ALSO GAVE OUR MEMORANDUM IN HER NAME AND ALSO
IN NAME OF ARUN JETLY. WE EXPLAINED THAT WE THE PENSIONERS ( ALL SR. CITIZENS) ARE
HARASSED BY THE CONGRESS GOVT SPECIALLY BY FINANCE MINISTRY AND CHIDAMBARAM
NOW WE EXPECT GOOD DAYS HAVE COME.
SHE ASSURED US TO EXTEND POSSIBLE HELP…..V.C.JAIN G.S.
Having waited for long, the Pensioners were constrained to take their grievances to
different Courts of Law all over the Country. Three High Courts, viz., HC of Rajasthan
(Jaipur Bench), HC of Delhi and the HC of Punjab & Haryana (at Chandigarh),
categorically decided the Writ Petitions in favour of the Pensioners in the year 2010, 2012
and 2013. LIC routinely filed SLPs in Supreme Court along with the ‘stay’ petitions
against each of the HC Order.
While granting Leave to file the ppeal and after hearing the appellant’s counsel the
Hon’ble Supreme Court on 30.09.2013 ordered that “THERE SHALL BE NO STAY
OF THE DIRECTIONS GIVEN BY THE LEARNED SINGLE JUDGE VIDE ORDER
DATED 12.1.2010 PASSED IN SB C WP No. 6676 of 1998 AND CONNECTED MATTER.”
Similar Orders (rejecting LIC’s prayers to grant ‘stay’ of the Delhi and Chandigarh
HC Judgements) were also passed by the Supreme Court.
Thus all the three High Courts’ Orders are now binding on LIC of India. Copies/
extracts of the relevant Orders are annexed to this Memorandum for ease of reference.
However, instead of honouring the categorical directions of the higher courts of law
including the Supreme Court of India, LIC has chosen not to implement the three High
Court Orders and is consequently facing contempt proceedings before the High Courts.
That this is happening in the country’s biggest public sector Corporation and the
greatest financial institution, is unfortunate.
In the above factual background we wish to make the following submissions:
1. We represent a responsible section of the society having toiled for over four decades to build a
mighty financial organization viz., LIC.
2. We are all now in the evening of our lives and obituary notices are now a weekly affair.
3. Our demand is for the implementation of LIC’s own decision vide its Board Resolution dated
24.11.2001, in letter and spirit, for payment of fair pension, by setting right the serious anomalies.
4. Our claims are backed by at least three High Courts while the Supreme Court of India categorically
declined to stay the HC Orders.
5. We are not adversaries of the Corporation but are an integral part of it as internal customers.
6. What is happening against us now is in flagrant violation of the Government’s declared policy
concerning the country’s Senior Citizens as well as its National Litigation Policy.
7. We feel the matter can be resolved by intervention of the Ministry of Finance instead of LIC
perpetuating the vexatious litigation, spending policyholders’ money, valuable time and other
resources.
8. We will be happy to assist LIC and the Government to hammer out a solution and end the
stalemate, via a broad-based committee representing all categories of Pensioners.
9. Along with the rest of the country, we, the senior citizens, have high hopes on the new Government
at the Centre (in which you are an important participant) to be treated with respect and dignity, in a
just and equitable manner. Ours is a typical case where delayed justice is perennially denied, not
because of any reason attributable to our legal system (which generally is the case) but due to the
apathy and insensitivity of the erstwhilegovernment and its supporting functionaries.
10. We therefore now approach you Madam, with this Memorandum, with a humble request to look
into and resolve our long standing grievance with the urgency it deserves and enable the LIC
Pensioner community and their families throughout the country to live in peace for the remainder of
their diminishing life span.
Sreenivasa Murty, Mulukutla , Convenor, Representative Committee of LIC Pensioners’ ssociations,
106, Hill County, Nizampet Road, HYDERABAD 500090 (A.P), June 7, 2014 +919177737356
Note on the problems of LIC pensioners
(SUBMITTED TO VENKAIAH NAIDU,THE MINISTER BY H RAO, LSRK RAO & OTHERS)
The Central Government notified the Life Insurance Corporation of India (LIC) pension rules in June 1995. They were framed on the basis of pension rules of Central Government employees. There is a provision in Central Government pension rules to upgrade pension, whenever wages of Central Government employees are revised. Accordingly pensions of Central Government were revised as per the recommendations of the IV, V and VI pay commissions. When VII pay commissions submits its recommendation shortly, the wages of Central Government employees and pension of central government retirees will be upgraded. The pensions of LIC retirees have been stagnating at 1992 level. As per the wage agreement dated August 1, 1997 between the unions and LIC management; there was a change in the calculation of dearness allowance (D.A) formula. According to this formula the D.A works out to 0.23% for each slab of cost of living index from 1-8-97 and 0.18% for each slab of cost of living index before 1-8-97. Because of this change those who retired before 1-8-97 get only 50% of D.A on their pension. While pensions are revised for Central Government retirees according to wage rise of employees similar situation does not exist in LIC. Therefore the Executive Director retired before 1-8-97 gets less pension than the driver who retired after him. The board of Directors of LIC in its meeting on 24th November, 2001 in a resolution decided Please click below to continue. 1)To set right the anomaly in D.A payment on pension of Pre-August 1997 retirees and 2) To revise pensions of LIC pensioners as per wage revision of in service employee’s Legal battle of LIC pensioners: Sri Krishna Murari Lal Asthana, retired employee of LIC filed two writ petitions before the Jaipur Bench of Rajasthan High Court on the above two issues. Sri Bhandari Hon'ble single Judge of Jaipur Bench of Rajasthan High Court admitted these two writ petitions of Sri KML Asthana on 12-1-2010 and directed LIC to implement its resolution of the board of Directors dated 24th November 2001. The appeal of LIC challenging the judgment of Sri Bhandari was dismissed by the division bench of Rajasthan High Court on 21-1-2011. The two review petitions of LIC on this matter again were dismissed by the Rajasthan High Court on 19-8-2013. Two special leave petitions filed by LIC before Supreme Court, to set aside the judgement of Sri M.N.Bhandari, were dismissed by the Supreme Court on 19-8-2013. The Punjab & Haryana High Court,Chandigarh quoted the judgement of Sri M.N.Bhandari and ordered to pay the amounts due to LIC pensioners on account of 1) D.A anomaly and 2) Upgradation of pension with 12% interest.The Delhi High Court also quoted the Judgement of Sri M.N.Bhandari in its order on the same and directed LIC to make payment to all the LIC pensioners.
At present there is no stay on the operation of the Judgement of Sri M.N.Bhandari dated12-1-2010. Inspite of the above verdicts of the various High Courts in India and Supreme Court, LIC has been a lodging implementation of the Judgements, challenging the majesty of the courts at the cost of contempt proceedings against the top officials of LIC. This is because of the support and directions given by the previous congress government it is also learnt that Sri P.Chidambaram Ex-Finance Minister left his post without taking any decision on the note submitted by the secretary of Finance ministry. It is here we seek your intervention please take up the issue with the present Finance ministry and see that a final decision is taken on this issue pending for more than 16years. “LIC is fully owned Government undertaking whatever benefits that are applicable to Central Government employees are to be extended to LIC employees also,”Pranab Mukherji, the present Rastrapathi said this when he was Finance Minister. VI pay commission recommended increase of pension to Central Government pensioners.
Financial position of LIC and the Genuineness of Pensioners issues
LIC has been financing all the Five year plans from 2nd to the 11th Five year plan to the extent of 40% of outlay of each Five year plan.
When LIC was formed in1956, the Central Government invested Rs 5 Crores as initial capital in LIC.During the last 14years LIC paid a dividend of Rs 7873 Crores to Government of India.
Maintenance cost of LIC as on 31-3-2010 is Rs 12,246 crores
Pension payments Rs 422 crores (only 3.45%)
Maintenance cost of LIC as on 31-3-2011 is Rs 16,980 crores
Pension payments Rs 497 crores (only 2.93%)
Expenses on account of wages as on 31-3-2010 Rs 8,053 crores
Pension payments Rs 422 crores (only 5.24%)
Expenses on account of wages as on 31-3-2011 Rs 12,055 crores
Pension payments Rs 497 crores (only 4.12%)
Assets of LIC Rs 15.6 Lakh crores Life fund of LIC Rs 13.3 Lakh crores Annual Income Rs 3.3Lakh crores
LIC’S investments during 5year plan periods:
PLAN YEAR INVESTMENT IN CRORES
II 1956-1961 184 III 1961-1966 285 IV 1969-1974 1530
Aged 80 yrs By 20% Aged 85 yrs By 30% Aged 90 yrs By 40% Aged 95 yrs By 50% Aged 100 yrs By 100%
V 1974-1979 2942 VI 1980-1985 7140 VII 1985-1990 12969 VIII 1992-1997 56007 IX 1997-2002 170929 X 2002-2007 394779 XI 2007-2012 704151 XII 2012-2014 183988
To
Sri Kambhampati Hari Babu,
Member of Parliament &
Sri M.Venkaiah Naidu,
Honourable Cabinet Minister,
Government of India.
Respected Sir,
We the pensioners of LIC draw your attention two important issues.
1.) 100% D.A on pensions of pensioners who retired before n1-8-1997 and
2.) Upgradation of pension according to wage revision from time to time.
These issues were sought to be rectified by LIC in the board meeting dated 24th
November 2001.The
issue has been kept un resolved by previous UPA government inspite of verdict from Rajasthan,
Chandigarh and Delhi High courts including Supreme Court Of India on 8th
August 2013.
Sri P.Chidambaram left the matter undecided on 15th
May, 2014, although a note was submitted to
him by the Finance Secretary. We pensioners look to you and hope for your decision to end the legal
tangle in LIC lasting for more than 15 years. Kindly go through the note enclosed for complete
elucidation of facts.
Thanking you, Respectfully yours, K.K.D.Hanumantha Rao, Vice President, Retired Life Insurance,
Employees Association, Machilipatnam Division.
LIC NEWS:
RETIRED LIC CLASS I OFFICERS’ ASSOCIATION, HYDERABAD
(Affiliated to the Federation of Retired LIC Class I Officers’ Associations)
President: Secretary:
Sri C.H.Mahadevan Sri Y V Subba Rao,
Flat # 101, LAXMI NIVAS Flat # F-3, Soujanya Avenue,
8-2-293/K/13, Plot # 13, Phase III, Plot # 98, S B I Colony,
Kamalapuri Colony, Gandhinagar,
HYDERABAD 500073 HYDERABAD 500080.
Tel: 040-23550520 Tel: 040-27535797
Mobile: 9849314013 Mobile: 9491124614
Shri K.Ganesh, 18/6/2014
Zonal Manager, LIC of India,
South Central Zone,
Hyderabad
Dear Sir,
Re: Issue of ID Cards for Cashless Hospitalisation Facility under Mediclaim vide New India Assce Co
Circular dt 2/5/2014
We invite your kind attention to the Circular dt 2/5/2014 issued by New India Assurance Company Ltd
which is attached.As per para 3(c) of the said circular cashless hospitalization (even in its restricted
form) requires the retired employee to submit ID card of patient issued by TPA (M/s Medi Assist) and
also any photo ID cards such as PAN etc.
Para 3(d) states that in case TPA’s ID Card is not available, the cashless scheme request will
be processed by TPA on the basis of Certificate issued by the OS Dept of LIC with name of
retired employee/beneficiary claimant,S.R.No of the employee and Sum Insured.
So far neither the TPA has issued any card to the members covered by the scheme nor has LIC issued
any Certificate to members /beneficiaries. Without the TPA ID or Certificate issued by
the Corporation, the very purpose of the Cashless Hospitalisation Scheme will not be served and
in times of emergency, retired employees will be put to undue hardships.
Kindly therefore pursue with the TPA for immediate issue of IDs to members or arrange for
immediate issue of Certificates to all retirees/beneficiaries covered under the Scheme.
Thanking you,
Yours faithfully,
C H Mahadevan, PRESIDENT
NOTE : I have addressed a letter to ZM,SC Zone,Hyderabad for arranging issue of ID by TPA or issue
of Certificate by LIC for Cashless Hospitalisation under Mediclaim Scheme with copy to Chairman &
ED(Personnel) as per attachment. I suggest that the various Associations of Pensioners can take up the
matter through the Divisional/Zonal levels with similar letters so that the process can get expedited.
FINANCIAL:
Filing tax returns before July 31: Who should worry?
June 25, 2014 11:18 ….. Alok Patnia
If you fall under any of these six categories, you better file your income tax returns on or
before July 31, 2014. Lack of awareness among taxpayers is one of the main reasons for low
level of compliance towards tax laws. The financial year is over (March 31, 2014) and time has
come for some of the taxpayers to pay tax and file their returns. The filing of income tax return
is a legal obligation of every person whose total income during the previous year exceeds the
maximum amount which is not chargeable to income tax under the provisions of I. T. Act, 1961.
The return should be furnished in the prescribed form on or before the due date(s). At present,
there is an emphasis on self-compliance as per Section 139(1) of Income Tax Act, 1961.
Who all are required to file Income Tax Return before 31st July?
Section 139(1) defines the due date for filing the income tax return.
In case you fall in any of the categories mentioned below then you need to file your income tax
returns on or before July 31:
a) Individual having income from salary or pension;
b) Income from other source like interest income;
c) Income from capital gains;
d) Income from house property and;
e) Income from person owning small business and not liable to get their accounts audited;
f) Assessee other than companies having a gross turnover (Gross turnover means the turnover
inclusive of taxes i.e. either VAT/Service tax/Excise) below Rs 1 crore;
g) Professionals having gross receipts below Rs 25 lakh.
SBI LIFE IN SUPREME COURT : BUSINESS STANDARD, MUMBAI, 18
TH JUN, 2014
Private life insurer SBI Life Insurance has filed a special leave petition in the Supreme Court in
response to the Allahabad High Court order asking the Insurance Regulatory and Development
Authority (IRDA) to scrutinise all policies of SBI Life. The court had also said that if IRDA finds that SBI
Life, which has suffered penalties in the past, for its defaults has acted in breach of its guidelines it
would be appropriate for it to direct the SBI Life to discontinue its policies and to wind up its business.
Irda is presently looking into the order and trying to see how to implement the order. A senior IRDA
official explained that they have received the order from Allahabad HC and are discussing on the
mechanism that they will have to adopt to implement the directions of the court.
SBI Life refused to comment saying that the matter is sub-judice.
The matter pertains to Virendra Pal Kapoor, a 72 years old retired scientist from Lucknow. He invested
Rs 50,000 in the year 2007 in SBI Life - "UNIT PLUS II - Single", a Unit Linked Product offered by SBI Life
Insurance Company Limited with an option of a limited term of five years (from January 9, 2007 to
January 9, 2012), on the basic sum assured for life with risk cover at 625 per cent of Rs 3,12,500, with
a choice of investment in growth fund (100 per cent). The petitioner survived the term of the policy of
five years. On its maturity he was paid only Rs 248 as a balance in the fund, on which the policy was
terminated.
The court noted that SBI Life is a subsidiary of SBI and that "SBI Life Unit Plus II - Single" a unit linked
product on a standard form of contract did not have the approval of Irda to its twin options in which
the higher option reduced the entire investment of a senior citizen with high rate of mortality charges.
"It was an unconscionable contract and was thus arbitrary, illegal and void document. It did not bind
the petitioner," said the court.
The court also observed that the petitioner was misled into entering into a contract without the
individual knowing the finer details and without him being explained the contents of the policy.
In September 2010, Irda has revised its unit-linked policy guidelines that have made the product more
transparent with additional disclosures.
"The Central Government will do well to ensure that the investors are not cheated in a manner as in
the present case, in which the entire investment of the senior citizen has been lost on the pretext of
the policy being in tune with Irda guidelines. The 'Serious Fraud', Department of Ministry of Corporate
Affairs must examine these policies and unlawful gains made by the Company and its Directors
including the Directors of SBI, in the Company, by cheating the policyholders on the pretext that its
policies are in compliance with Irda regulations," said the court in its order.
In March 2014, Irda had asked SBI Life to refund the prescribed amount to the policyholders of
Dhanaraksha Plus Limited Premium Paying Term (LPPT) Group Insurance Product. Here, IRDA had said
that the life insurer had adopted business practices in violation of prescribed regulatory norms where
the LPPT was sold as Single Premium Policy in violation of approved File and Use features. Also, it said
that the insurer paid excess commission to Corporate Agents over and above the eligible 2 per cent.
Post this, SBI Life Insurance appealed to IRDA against the directive issued by the regulator to refund
Rs 275.29 crore to the beneficiaries of the group insurance schemes. The final order is yet to be
passed by IRDA, as the regulator is in discussion with its legal team on this particular refund matter.
IRDA IMPOSED FINE ON SBI LIFE : BUSINESS STANDARD 21ST
JUN 2014 NEW DELHI
Insurance regulator IRDA today imposed a fine of Rs 70 lakh on SBI Life Insurance for paying excess
commission to the agents in violation of the group insurance guidelines.
"Considering the gross and continued nature of the violations, the Authority has come to the
conclusion that it is just and proper to impose a penalty of Rs 5 lakh each for such payments made in
14 instances to Corporate Agents and Master Policy Holders totalling Rs 70 lakh," IRDA said in an
order.
The Insurance regulatory and development Authority (IRDA) said that as per the guidelines, SBI Life
was required to pay group administration expenses to Master Policyholders.
Under the guidelines, insurers can pay commission only to agents or corporate agents within the
limits prescribed by the Authority.
SBI Life, IRDA added, has paid commission to 14 master policyholders in violation of the guidelines.
"The insurer has failed to adhere to the guideline every time such payment is made," added the order,
issued by IRDA Chairman J Hari Narayan.
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74%
of the total capital and BNP the remaining 26%.
Meeting on wage settlement with IBA turned futile: Bank Employees Union
The industry-wide bipartite wage settlement negotiations held in a meeting on June 13 has turned
futile for the bank employees, as the Indian Banks' Association (IBA) offered an increase of 11% on the
cost of pay slip components of the wage bill, according to National Union of Bank Employees(NUBE).
An umbrella organisation of nine Bank unions has informed that their minimum expectation is 25%
increase in the Pay Slip components cost and this could easily arranged if the Banks retrieve their top
Non Performing Asset (NPAs).
"The meeting of 13th June 2014 turned to be yet another futile, symbolic meeting with the yawning
gulf separating policy pronouncements from the ground reality. Thus the 10th Industry-wide Bipartite
Wage Settlement negotiations in the Banking sector have dragged on for more than one-and-a-half
years now without making much headway," said an announcement from the Union.
It added that the IBA has informed the unions that the profits of the Banks have come down by the
end of March 2014 and they can offer maximum of 11% on the cost of Pay Slip components of the
wage bill.
This would amount to Rs 3,465 crore and would be exclusive of other costs on retirement benefits,
leave fare concession, hospitalisation expenses, etc. Since negotiating unions rejected the offer of 11%
increase, IBA wanted to know the expectation of the union and a representative of the umbrella of
nine unions informed that their minimum expectation is 25% increase in the Pay Slip components
cost, it added.
The Union added that the IBA informed them that the demand is beyond the paying capacity of the
Banks. IBA's stand is unacceptable to the Union since in all the previous settlements salary increase
was given a load to total establishment expenses.
"In this wage negotiations we have been offered on fixed pay components. As against the total
establishment expenses of Rs 56,292 crore the pay slip component is only Rs 31,503 crore," said the
Union.
While offer of 11% on establishment cost will work out to Rs 6192 crore, compared to 11% of pay slips
components expenses would amount to Rs 3,465 crore only. Hence the offer of IBA for one million
Bank employees is far below the amount offered during last bipartite settlement.
The Union also said that the Gross NPA of 40 listed banks shot up by 35% or Rs 63,386 crore during the
nine month period from February, 22, 2013, to cross the Rs 2.4 lakh crore. This jump of 35.2% was
higher than the 27% rise witnessed in the first six months of the current financial year according to a
study done by NPA source.com, a portal which focuses on resolution of assets.
"Even if an infinitesimal of 1.83% of these NPA is recovered in tune with the policy plan of the present
Finance Minster is expedited with all the seriousness, the demand of the union can be easily met
without increase in the exchequer," said L Balasubramanian, general secretary of NUBE.
If amount due from four largest willful defaulters which is around Rs 9,384 crore, is recovered, it is
enough to meet the demand of the unions without any burden and the unions will be ever willing to
support IBA or the government if it initiates appropriate steps, added the Union.
However, there was a favourable silver lining in the meeting, that IBA is favourably inclined to
consider demand of extending 100% DA neutralization to all pensioners, it added. IBA also seems to
have shown positive response to improvement in Family Pension, but the Union still have to a lot
more since the IBA has not given any commitment.
Dispose Pensioners' Complaints within 2 months: Govt tells Ministries
New Delhi: Concerned over undue delay in addressing grievances of pensioners, government has
directed all ministries to resolve the issues within two months of receiving the complaints.
A pensioners' portal--www.Pgportal.Gov.In--is being run by the Department of Pension & Pensioners'
Welfare for receiving complaints and there is also a Centralised Pension Grievances Redress and
Monitoring System (CPENGRAMS).
It has been found by the department that grievances are lying pending for unduly long periods and
the pensioners concerned were suffering.
"Minimum courtesy of acknowledging a receipt of the complaint may be done within a period of three
days of the receipt of the grievances in case of receipt of dak physically and same day in case if it is an
online application," the Department of Pension and Pensioners' Welfare (DPPW) said.
The pensioners can also write their grievances to nodal officers of respective ministries and to the
DPPW.
The grievances may be redressed within a maximum period of two months of its receipt. "Cases
where it is not possible to give an immediate reply, an interim reply should be given to the applicant,"
it said in a recent order.
Any request made by a pensioner which does not fall under the ambit of pension policy would be a
demand and may be tackled accordingly as they do not form part of the approved policy of the
government, the order said.
"Pending vigilance or court cases cannot be included in grievances as they are dependent on the
finalisation of the cases. Hence, the pensioner may be informed of the same and these grievances
tackled accordingly," the department said in the order issued to all central government ministries.
The pending grievances are being constantly reviewed by the department to ensure its redressal
within a time frame.
There are about 30 lakh central government pensioners.
Section 87A: Income Tax Rebate Frequently Asked Questions (FAQ’s)
Q1. Whether basic exemption limit for Individuals, HUF’s, AOP & BOI under the Income Tax Act, 1961
has been raised from Rs. 2,00,000/- to Rs. 2,20,000/-
Ans. NO, the basic exemption limit remains unchanged at Rs. 2 Lakh for FY 2013-14 (AY 2014-15).
Q2. In the Budget 2013 Speech, The Finance Minister had said,
“Nevertheless, I am inclined to give some relief to the tax payers in the first bracket of Rs. 2 Lakh to
Rs. 5 Lakh. Assuming an inflation rate of 10% and a notional rise in the threshold exemption from Rs.
2,00,000/- to Rs. 2,20,000/- I propose to provide a tax credit of Rs. 2,000/- to every person who has a
total income upto Rs. 5 Lakh. 1.8 crore tax payers are expected to benefit to the value of Rs. 3,600
crore.”
So doesn’t it mean that the exemption has been raised by Rs. 20,000 and tax relief of Rs. 2,000/- given
to every person?
Ans. No, it doesn’t mean that!!!
Q3. So what is the point? Many people are saying that the exemption has been raised by Rs. 20,000/-.
I am confused!
Ans. It means that though threshold exemption remains unchanged, tax benefit of upto Rs. 2,000/- is
given.
Q4. How that is made possible?
Ans. This has been made possible by inserting a new section 87A in the Income Tax Act, 1961 which
allows REBATE of upto Rs. 2,000/- from the income tax payable.
Q5. Whether there is any condition for availing this benefit?
Ans. Yes, this benefit is available only if the income doesn’t exceed Rs. 5 Lakh.
Q6. Say my income is Rs. 5,50,000/- and I have paid Life Insurance premium of Rs. 50,000/-. Will I be
eligible to claim the rebate?
Ans. Yes, because the ‘Total Income’ after deducting all the deductions available under Chapter VI
from the ‘Gross Total Income’ shall not exceed Rs. 5 Lakh.
Q7. That’s great!! I am filing IT returns for myself and as Karta of HUF, so I can take total benefit of Rs.
4,000/-.
Ans. No, this rebate is available ONLY to an ‘INDIVIDUAL’ tax payer, resident in India.
Q8. But in the Budget Speech, as quoted above, the FM used the words ‘I propose to provide a tax
credit of Rs. 2,000/- to every person..’ and person also includes a HUF?
Ans. The words used in the budget speech are for general understanding and have no statutory
implications. As per new section 87A,
“An assessee, being an individual resident in India, whose total income does not exceed five hundred
thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed
before allowing the deductions under this Chapter) on his total income with which he is chargeable
for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of
two thousand rupees, whichever is less.”
Q9. Ohhh… but is it available to both Male and Female assesses?
Ans. Yes.
Q10. How will this benefit a senior citizen (age 60 or above) because the exemption limit in his case is
already Rs. 2,50,000/- i.e. in excess of Rs. 2,20,000/-?
Ans. Tax Rebate of Rs. 2,000/- is also available to a senior citizen, if the total income is Rs. 5 Lakh or
less. Effectively, it means, a senior citizen, both male and female, need not pay any tax on total
income of upto Rs. 2,70,000/-. However, this benefit is not available to a super senior citizen (age 80
or above) as his total income upto Rs. 5 Lakh is already fully exempted.
Q11. The rebate of Rs. 2000/- is available from which year?
Ans. The new section has been inserted with effect from the 1stday of April, 2014 means it is
applicable for Assessment Year 2014-15 and thereafter. In simple words, when you will be filing
your income tax return for the Financial Year 2013-14, you will get rebate of upto Rs. 2000/-
Q12. Ok… Can we say that a new type of deduction has been provided for individuals?
Ans. A ‘deduction’ is given under Chapter VI from the gross total income, but this is a ‘rebate’ under
Paragraph A of Chapter VIII of the Income Tax Act, 1961 which is deducted from the income-tax
payable.
Q13. If the Total Income is say; Rs. 2,15,000/-, Income tax computes to Rs. 1500/- and Rebate of Rs.
2000/- allowed. Does it mean refund of balance Rs. 500 is available?
Ans. No refund is available because rebate is restricted to the amount of income tax payable.
Q14. Whether Return is required to be filed when the Total Income is upto Rs.2,20,000/- and after
rebate, no tax is payable.
Ans. Yes, Income Tax Return is required to be filed as usual, if the total income exceeds the basic
exemption limit of Rs. 2 Lakh.
Note: Anyone shall not use this article for commercial purposes, without author’s permission…Manoj
Agarwal
(This article has been published with kind permission of the Author Shri Manoj Agarwal, Tax Consultant, Rourkela [email protected] <[email protected], +91-9937041788.)
HEALTH TIPS:
AN ANNOUNCEMENT FOR LIC PENSIONERS:
Dear Sir,
Greetings from Apollo Pharmacy!
It is our pleasure to announce that we, Apollo pharmacy are conducting Health camps across India at
select locations on the occasion of World Health Day. As a part of this program, we would like to
conduct Apollo's Health / Pl camp at select campuses of LIC PENSIONERS. At the health camp our
Apollo Pharmacy representatives will provide the following services:
FREE Diabetic test. (Only with prior enrollment)
FREE BP test. (Only with prior enrollment)
Help-desk.
FREE Dental test. (Only with prior enrollment)
Apollo private label desk. (Complete range of Apollo's health/ Diabetic supplements & FMCG
Products - 500 Plus SKUs)
Request you to allot dates between July 1ST
Week 2014 for the same.
(Only with prior enrollment)
For Further information on these new initiatives please feel free to call Mr. Shivansh Bhatnagar (0800
811 1962) or Mr. Kunal Pimpalkar (0982 079 9682) or Mr. Arpan Chatterjee (0879 099 8350)
Thanks & Regards, K.Swetha, Reddy Corporate Marketing Division, 8978888529 / 9177100342
Benefits of Eating Raw Onions
Well, it is surprising to know that these vegetables that we use to add flavour and aroma to the dish
have many health benefits. If eaten raw, onion and garlic can be really good for the body. Raw onions
have sulphur compounds and essential vitamins that can be best consumed raw. If cooked, the
essential nutrients and vitamins get lost. So, if you love onion salad, here are few good reasons to
have it regularly.
Health benefits of eating raw onions:
Cures constipation: The fibre in raw onions help flush out toxins and hard food particles that get stuck in the intestines. If
you are suffering from constipation, have raw onions.
An Ayurveda medicine for sore throat: If you are suffering from cold, cough and a sore throat, have fresh onion juice. Add jaggery or honey to
the onion juice.
Remedy for bleeding problems: Have a bleeding nose or suffer from piles? Have raw onions. It is one simple and effective home
remedy to cure piles naturally. To cure a bleeding nose, cut a raw onion and smell it for some time.
The white onions can help cure bleeding problems.
Controls diabetes: This is one of the health benefits of eating raw onions. If consumed raw, onions increase the
production of insulin. So, if you are diabetic, you have a good reason to munch crisp raw onion salad
regularly.
Protects the heart: Regular consumption of raw onion protects the heart from coronary diseases. It controls high blood
pressure and also opens blocked arteries. This is one of the known health benefits of eating raw
onions.
Controls cholesterol levels: The small herbaceous plant vegetable has a very good health benefit for obese people and heart
patients. Raw onions control cholesterol by reducing the bad cholesterol (LDL) levels. It has
methylallyl sulphide as well as the sulphur-containing amino-acids that lowers bad cholesterol and
increases good cholesterol (HDL) levels.
Prevents growth of cancer cells: Onion is rich in sulphur compounds. Sulphur protects the body from stomach, colon, breast, lung and
prostate cancer and prevents the growth of cancer cells. It also helps cure urinary tract disorders.
Treats anaemia:
We often see tears flowing from the eyes while chopping onions. The sulphur-containing oils and
organic sulphides lead to tears once it enters the nostrils. These oils help treat anaemia. Note that the
oils and the effect of organic sulphides reduce when the onions are cooked. So, to treat anaemia, have
raw onions.
These are few health benefits of eating raw onions. You can have raw onions in sandwiches, mix with
your vegetable salad or use as toppings for hamburgers and chaats. To prevent the strong and
pungent mouth odour of raw onions, brush your teeth and have some mouth fresheners like
cardamom or clove.
NIMBU PANI! A cure for Cancer...
Soak a handful of resins (Kismis or dried grapes) in fresh lime juice for about 3 days.
Eat one every morning in empty stomach and don't eat anything for an hour after that.
Keep it refrigerated in a glass or stainless steal container. This is a very good remedy for diabetes.
LISTEN UP FOLKS: This is something that we should all take seriously – just had a recent test myself
that sent shivers up my spine – or near by – Even doctors are now saying that there is value in trying
“LEMON”
So, a tablespoon of "real lemon" (the concentrate in a bottle) in a glass of water every morning. What
can it hurt?
Lemon (Citrus) is a miraculous product to kill cancer cells. It is 10,000 times stronger than
chemotherapy.
Why do we not know about that? Because there are laboratories interested in making a synthetic
version that will bring them huge profits.
You can now help a friend in need by letting him/her know that lemon juice is beneficial in
preventing the disease. Its taste is pleasant and it does not produce the horrific effects of
chemotherapy.
How many people will die while this closely guarded secret is kept, so as not to jeopardize the
beneficial multi-millionaires large corporations? As you know, the lemon tree is known for its varieties
of lemons and limes. You can eat the fruit in different ways: you can eat the pulp, juice press, prepare
drinks, sorbets, pastries, etc...
It is credited with many virtues, but the most interesting is the effect it produces on cysts and tumors.
This plant is a proven remedy against cancers of all types. Some say it is very useful in all variants of
cancer. It is considered also as an anti-microbial spectrum against bacterial infections and fungi,
effective against internal parasites and worms, it regulates blood pressure which is too high and as an
antidepressant, combats stress and nervous disorders.
The source of this information is fascinating: it comes from one of the largest drug manufacturers in
the world, says that after more than 20 laboratory tests since 1970, the extracts revealed that: It
destroys the malignant cells in 12 cancers, including colon, breast, prostate, lung and pancreas ... The
compounds of this tree showed 10,000 times better than the product Adriamycin, a drug normally
used chemo-therapeutically in the world, slowing the growth of cancer cells. And what is even more
astonishing: this type of therapy with lemon extract only destroys malignant cancer cells and it does
not affect healthy cells.
OF INTEREST:
Camphor- The effective & healthy mosquito repellent. Many people are not aware of the Mosquito repellent power of Camphor - a simple solution without
side effects and very cost effective. CAMPHOR IS A NATURAL MOSQUITO REPELLENT with effect
round the clock! You do not need to burn it for that. There are three easier ways to do it -
1. Put 2 tablets of commercially available camphor on any warm surface and see the result! You can
do it twice a day- morning and in the night as well!
2. Place 2 tablets of camphor on different corners of the room or at places where mosquitoes seem
to love to stay! Leave them there and they will evaporate in a day or so keeping the air purer and
mosquito free.
3. Take a wide opened cup or pot with water. Drop 2 tablets of Camphor into the water. Keep the
cup or pot with water and camphor in your sleeping room. The quantity of water and camphor may
differ from room size. Water evaporates at normal temperature. Camphor slowly started dissolving
in water. The water evaporates with Camphor smell. Adding little bit hot water gives instant action.
You will be amazed at the results!
ARTISTIC :
(TWO MOONS WILL APPEAR AT 12 NIGHT ON 27
TH AUGUST’2014, ONE MOON &
OTHER MARS APPEARING LIKE MOON. SAME SCENE WILL BE VISIBLE IN 2278 AD)
PENSIONERS’ NEWS:
S/Sri Bulbul Gupta, Arun Kumar Chatterjee, Jagannath Bhattachrya, Anjan Mukherjee,
Amal Krishna Paul were enrolled as members in the month of Jun’2014, “Eastern News”
cordially welcomes them.
Recently, following members left us for heavenly abode. “Eastern News” pays respectful
homage to the departed souls and convey heartfelt condolences to the members of
the bereaved families.
1. Parimal Chandra Majumder
2. Bratindra Nath Roy
3. Ram Mohan Mitra
4. Ashok Kumar Mukherjee
5. Nriprndra Nath Mitra
JOKES:
Translation:
A teacher put a bucket of water and a bottle of whisky in front of a Donkey! The donkey drank the water from the bucket!
The teacher asked the children " What did you learn from this"? The Children replied, "He who does not drink whisky is a DONKEY".
PENSIONERS’ TOUR :
OUR NEXT TOUR AT GEDE ON 01.07.2014 : Gede is the last station of Kolkata
Suburban Railway system and border checkpoint on the way to Bangladesh in Nadia district in
the Indian state of West Bengal. The corresponding station on the Bangladesh side is Darshana.
NOTE :
Write Ups/Information/Readers’ Views/Request with e-mail id for soft copy of monthly e-
Magazine free of cost may please be sent to our following e-mail IDs :
LIC RETIRED OFFICERS’ ASSOCIATION : [email protected]
AMAR KUMAR GOSWAMI : [email protected]
SUBIR KUMAR MAZUMDAR : [email protected]
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