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LIC Pensioners Deserve Justice In Updation and DR Appeal #shorts #bankpension #updation #retirees #AIBRF #India #singla #mcsingla #supremecourtofindia #iba #lic #AIIPA CHAPTERS 00:00 - 00:18 Intro 00:19 - 00:52 Supreme Court of India Judgement 00:53 - 00:04 GoI Drinking From Last Chance Saloon 01:05 - 01:35 Nov 12 is a Review Petition/Implementation NOT Procedural 01:36 - 02:06 LIC Core Legal Updation Appeal 02:07 - 05:51 LIC estimates Updation Cost at $3.7 billion 05:52 - 06:11 Legal Principle Demands by AIIPA 06:12 - 08:19 LIC Defense 08:20 - 09:09 LIC board passed internal updation mandate 09:10 - 09:54 Eyewash & misuse of judicial process 09:55 - 10:45 Supreme Court Centralisation Directive 10:46 - 13:42 LIC Actuarial Science & Accounting Standards 13:43 - 14:01 LIC Updation not happening in isolation 14:02 - 14:49 Wage Revision for LIC Employees 14:50 - 15:14 Central Govt Oversight A Hinderance 15:15 - 15:29 LIC Updation Impact On Bank Retirees 15:30 - 15:36 Outro PODCASTS TO WATCH NEXT: • BREAKING: Bank Pension Updation - Supreme ... • Supreme Court Delay Rocks Bank Retirees —W... • ब्रेकिंग: बैंक पेंशन अपडेट - सुप्रीम कोर्ट... The Supreme Court of India, in a significant ruling on pensionary rights, allowed the appeal filed by pensioners of the Life Insurance Corporation (LIC) and other public sector insurance companies. The Court held that these pensioners are entitled to receive Dearness Relief (DR) on par with Central Government pensioners. The judgment quashed an executive Office Memorandum that had created an artificial and discriminatory classification between the two groups, holding such a distinction to be arbitrary and violative of Article 14 of the Constitution of India. The Court emphatically rejected the Union's argument of "financial constraints" as a valid ground to justify a violation of fundamental rights. Who This Is Podcasts For: 1 - Indian Bank Pension Retirees 2 - Indian citizens/families of Bank retirees 3 - Indians in diaspora