(a) whether the Supreme Cout has ordered to pay the employees of Regional Rural Banks the same scale of pay and allowances as are being paid to the equal rank employees of their promoter bank;
(b) if so, the details thereof;
(c) if not, the reasons therefor and the time by which the Government proposes to implement the Supreme Court`s order; and
(d) the additional expenditure likely to be incurred by the Union Government as a result of implementing the said facilities?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM) :
(a) to (c) In pursuance of the Honble Supreme Court`s judgement dated 31.1.2001 and 7.3.2002,
the Government have issued order on 11.4.2001 and on 17.4.2002 respectively under second proviso
to section 17(1) of the Regional Rural Banks Act, 1976 revising the pay scales of the eligible
employees of all Regional rural Banks {RRBs) granting them pay scales equal to that of their
counter parts in commercial banks as on 01.04.2000 by granting the benefits of 6th & 7th bipartite
settlements.
(d) There is no immediate direct financial burden on Government of India on this account. It is
expected that the RRBs would be in position to bear the additional expenditure on this account
out of their existing resources and by improving their financial position.