Banking services partially hit as RBI staff go on protest leave | Business Line

Banking services partially hit as RBI staff go on protest leave | Business Line

My VIEW:

In my letter published in The Hindu Business Line on November 13, 2015, I had mentioned that "The RBI annual report 2014-15 carries the following observations made by Raghuram Rajan: “A key factor in RBI’s success has been a satisfied staff. In the past, RBI used to have no problem attracting junior officers, losing only an occasional officer who was successful in the IAS exam. Today, we lose more than we should be comfortable with. This is why a revamp of the professional challenges we offer our staff is very much needed, and we hope the changes outlined earlier will help us become a more attractive employer. In this regard, our review of compensation, as well as the long-pending improvement in pensions for our retirees also assume importance.”
and expressed surprise that HR-related issues are allowed to simmer on the backburner for long and allowed to flare up later. There are many issues in focus in the current agitation by RBI employees which need to be sorted out by GOI and RBI through dialogue. RBI Governor's perception has been expressed clearly in the RBI Annual Report 2014-15.
I am in agreement with the views expressed by Dr T V Gopalakrishnan in his online comments.

M G Warrier

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