Mumbai: Normal operations, including payment and settlement activities in the Reserve Bank of India (RBI), are likely to be affected on Friday with its employee unions going on a one-day strike to press their demands on pension.
Unions are going on a “mass casual leave” demanding the restoration of the updated pension scheme, a union official said on Thursday. The central bank had recently issued an internal circular at the behest of the finance ministry to withdraw the updated pension scheme, Subedar said. The circular announced a drastic reduction of pension to retired RBI employees in relation to that drawn by the government retirees of comparable levels.