The Reserve Bank of India (RBI) employees on Wednesday protested against the government move to control the central bank?s staff-related matters. Employees across the country wore badges opposing statutarisation of staff regulations and resolution of pension related issues.
?The government move to control staff regulations of RBI threatens the autonomy of the RBI. This would mean the central bank board and the governor would have no say in matter relating to RBI,?? said a protesting employee union member on the condition of anonymity. ?We have raised the issue with the RBI governor however, no action has been taken on the same hence we are protesting,?? he added.
At present, RBI controls matters relating to incentives, promotions and remuneration of its staff. Statutarisation would bring these matters under the purview of government. ?Our pension updation has also been stuck as the RBI board is opposing statutarisation.
The government has been putting pressure on RBI to make staff regulations statutory under Section 58 of the RBI Act, 1934, and bring them under the subordinate legislation of Parliament.
