(Weekly Organ of the Communist Party of India (Marxist)
June 28, 2009
Rural Banks Team Submit Proposals
ON June 10, a
the All India Regional Rural Bank Employees Association (AIRRBEA), led
by its general
secretary Dilip Kumar Mukherjee, met the finance minister, Pranab
The association also urged the minister to resolve the long pending issue of parity of pension for the RRB staff. The minister has assured the delegation that he would take a positive view.
The association has drawn the ministerís attention to the proposal for opening up new branches at each block headquarter in the country with adequate manpower through recruitment and promotion, in order to ensure financial inclusion.
The delegation submitted the following proposals for consideration in the budget.
1) Extension of capital support to the extent of accumulated loss of some RRBs as one-time measure.
2) RRBs, being poor manís bank at his doorstep, should be exempted from income tax.
3) Full autonomy
to the RRB
Board under the general guidelines issued by the government of
4) Payment of interest on the CRR by the RBI to the RRBs.
5) The ministry
of finance mustadvise
all the ministries of the central and state governments to
deposit their low cost or zero cost funds
with the RRBs also, particularly in case
of the government sponsored schemes
being implemented by the RRBs. The RRBs must be treated as public sector banks or nationalised banks for the purpose
of government deposits and transactions. (