PRESS RELEASE FOR
IMMEDIATE DISSEMINATION
SEEKING BENEFITS OVER AND ABOVE THE VOLUNTARY RETIREMENT SCHEME A MISADVENTURE- SUPREME COURT OF INDIA
SEEKING BENEFITS OVER AND ABOVE THE VOLUNTARY RETIREMENT SCHEME A MISADVENTURE- SUPREME COURT OF INDIA
New Delhi : Dated 25″ September, 2019 : In a very significant judgement pronounced in IFCI Ltd. Vs Sanjay Behari & Others case (C.A.No.6995/2019) on September 17, 2019, Hon’ble Supreme Court of India held that any Voluntary Retirement Scheme (VRS) is a package by itself and the employees retired under the scheme cannot claim any benefits beyond what has been envisaged in the VRS. The Hon’ble Supreme Court was dealing with an appeal filed by IFCI Ltd, A Govt. of India Undertaking against a Judgement of Hon’ble High Court of Delhi Bench.
Some of the ex- employees of IFCI, who had opted for retirement under Voluntary Retirement Scheme floated by IFCI Ltd. in the year 2008, had claimed revision of their pension by referring the pay scale revision implemented by IFCI. Hon’ble Supreme Court rejected the claim principally on the ground that VRS is a package by itself and any subsequent ciaim cannot be entertained.
Earlier VRS-2008 optees had filed a petition in the Hon’ble High Court of Delhi in the year 2016 claiming for revision of Pension. The learned single judge had dismissed the Petition in February, 2017. VRS-2008 optees then filed Letters Patent Appeal (LPA) in the Hon’ble High Court which was allowed by the Hon’ble High Court bench vide its judgement dated 17/01/2019. Aggrieved by the Order of Hon’ble High Court, IFCI filed Civil Appeal in Hon‘ble Supreme Court of India
The judgement could prove to be a landmark as it has discussed various aspects earlier court judgements, VRS schemes and internal policy documents of IFCI for arriving at conclusion. The judgement has clearly set out legal position pertaining to Voluntary Retirement Schemes
Sd/-
(Samik
Dasgupta)
General
Manager (CCD)
******************
Ministry of Finance
NORMS OF AADHAAR KYC ARE EASED,
NOT FOR
THE CHANGE OF ADDRESS IN AADHAAR
POSTED ON: 14 NOV 2019 4:28PM BY PIB
DELHI
Norms of Aadhaar KYC are eased for opening of bank account and
not for the change of address in Aadhaar, said the Department of Revenue (DoR),
Ministry of Finance today while clarifying on Aadhaar KYC use with reference to
its notification dated 13.11.2019 on amendment to the Prevention of
Money-laundering (Maintenance of Records) Rules, 2005. The DoR said in a
categorical statement that its notification is with regard to easing of Aadhaar
KYC use for opening of the bank account for the convenience of people who often
migrate from place to place for jobs or any other reason and it is not
regarding the change of address in Aadhaar card, as has been misreported in
various media.
Revenue Secretary, Dr. Ajay Bhushan Pandey said, “The amended
PMLR applies only to Aadhaar KYC purposes for opening of bank account and not
for the change of Address in Aadhaar card. If a person has moved residence for
purposes of work and needs to use Aadhaar KYC for opening a new bank account or
change his bank branch, etc., he can give a self declaration of new address
while retaining the original address on his Aadhaar card”.
Dr Pandey said that the PML Rules amendment makes opening bank
account easier for individuals who are living in an address different from
their address in Aadhaar. People who submitted Aadhaar card with a different
address as KYC at banks can now submit local address by providing a
self-declaration.
He said that with this amendment, giving a self-declaration
about a local address or any address other than the one on Aadhaar card will be
sufficient as address proof to open bank account with Aadhaar KYC. This
amendment brings in convenience especially for the migrant people. For example,
if a migrant worker comes from Jharkhand to Mumbai and his/her Aadhaar has
Jharkhand’s address, then to open a bank account a self-declaration about
his/her local address in Mumbai will be sufficient for Aadhaar KYC.”
DoR sources said that the change has been made through an
amendment in the PML Rules and not by way of amending Aadhaar Act/Regulations.
So, it does not apply to change of address in Aadhaar card. This amendment has
been issued to allow people who have used Aadhaar KYC to open bank account and
want to give an address different from the address in Aadhaar as current
address on self declaration basis.
