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Business News- Times Now<http://forums.investorline.co.in/aggregator/sources/106>- *9 hours 46 min* ago p align=justifyNormal payment and settlement operations of the Reserve bank were affected today (October 21) as the employee union went on a mass casual leave to press their demands on pension related issues. brbrMany employees have not come today, an RBI official said. brbrIn the wake of the strike call, the apex bank had asked commercial banks to complete old transactions on Monday and had conducted two days' liquidity adjustment facility (LAF) auctions yesterday. brbrEmployees are striking work to protest against the withdrawal of pension updation and issues relating to superannuation. brbrThe United Forum of Reserve Bank Officers and Employees alleged that there was a move to drastically reduce pension to retired RBI employees. brbrBesides, the union demanded increase in the interest rate on Provident Fund and grant of family pension at the rate of 30 per cent. brbrRBI had said that the mass casual leave is the cessation of work and concerted refusal to work. It had also noted that such an action amounted to an illegal strike. brbr(Agencies)/p Categories: Business<http://forums.investorline.co.in/aggregator/categories/4>, Capital Market <http://forums.investorline.co.in/aggregator/categories/5>, Corporate News <http://forums.investorline.co.in/aggregator/categories/11>, Economy<http://forums.investorline.co.in/aggregator/categories/12>, India <http://forums.investorline.co.in/aggregator/categories/43>, Industry<http://forums.investorline.co.in/aggregator/categories/20>, Inflation <http://forums.investorline.co.in/aggregator/categories/21>, International Business <http://forums.investorline.co.in/aggregator/categories/23>, International News <http://forums.investorline.co.in/aggregator/categories/24>, USA<http://forums.investorline.co.in/aggregator/categories/46> http://forums.investorline.co.in/ --~--~---------~--~----~------------~-------~--~----~ Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor -~----------~----~----~----~------~----~------~--~---
