Localfund.com - All about Fund and Investment
*Home>>>Pension Fund

Indian nationalised banks in karnataka mis-used the state funds(crores) at their whims & fancies.recovery pl?


indian nationalized banks in karnataka mis-used the state funds in terms of crores of rupees. the bankers paid the state pension amount to selected category pensioners more than the pension rate. this mad finance payment is still going on. expenditure is to state govt.still bankers are not caring about their andha-dundha (blind-expenditure) payments.bankers are not paying at thier cost. but at the cost of karnataka state . can any body curtail this bad payments and recover it from the bankers.? it is public money. bankers are playing with public money. no value for accountant general report. still bankers are drawing pension for deceased persons/double payments/un concerned persons etc., at govt,cost. it is in terms of crores. can any body prevent it?

Please come out with specific cases. If this would have been the case our watch dog "Media" should have come out with such a serious matter. But I have not seen such news so far.
Please note that Nationalised Banks are only the P.D.As.(Pension Disbursing Agents). The are not the one who decides how much pension to be paid. They disburse pensions of both Central and State Govts. as per the list received by them. Ofcourse if you have some instances you can bring to the notice of Lok Ayukta who can probe enquiry into the matter and book those who are involved in fixing more pension than the actual. The govt. will seriously deal with such cases as they are really serious if it is true. Your contribution to reveal will be taken as a service to the state.

Privatization is the only option!

Tags
  Private Investment   Private Equity   Private Capital   Personal Investment   Pension Fund   Pecunix   Online Investment   Online Business
Related information
  • What is the tax payable by me? please see details furnished.?

    Your tax liability for FY:07-08 (1.4.2007 to 31.3.2008) is as follows: Tax Calcu. for MALE -Tax free Amt. Rs.110000 155,093 = Gross Total Income (Taxable At Slab Rates) 040,223 = LESS: Dedu...

  • Are we doing well financially? How do we compare?

    You're way ahead of the average, of course, because your finances are headed in the positive direction. The average person is in debt. No debt other than your mortgage is perfect. You'...

  • I was wondering if anyone here has experience in a job with the Health Department.?

    Public Health Departments have a shortage of nurses. You need enough experience to qualify which is the most difficult thing to get. Vesting depends on the agency you work for. Usually you ves...

  • Seeking opinions of financial people - What do you think of Vanguard Index Funds for Roth IRA retirement acct?

    Dollar cost averaging into Vanguard Funds is a great way for the newbie to go. They're low cost & overtime will prove to be a great investing move. Take the time (as these funds grow) ...

  • Should I draw from my 401 for a down pmt on a retirement home?

    Barbara, this could potentially be a huge mistake. Assuming you both are not going back to work, you are unable to make additional contributions to your 401k. The 401k is all you have left to last ...

  • What dangers would i face, if I left the house, cars etc behind and left my wife.?

    I think the worst thing that could happen would be your wife finds you! (at least I know that would be the worst thing that would happen to me if I left my wife). rofl

    ...
  • Bankrupt question?

    I believe they cannot take either Social Security or funds from a pension. (I have heard of creditors obtaining a judgment and taking money out of bank account.) Your parents should speak w...

  • Leave the US due to looming fiscal disaster?

    The things you are saying are the same things every generation has always said about the future -- there has always been some disaster looming --- war, cold war, nuclear disaster, disease, morals, ...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster