https://www.taxtmi.com/caselaws?id=275402 The Central Government retained the statutory power to determine the remuneration of Regional Rural Bank employees under Section 17(1) of the Regional Rural Banks Act, 1976, and that power was not displaced by an award securing parity with sponsor-bank employees for the then-prevailing pay structure. The award did not create an automatic, perpetual escalation mechanism linking Regional Rural Bank pay to future bipartite settlements of commercial bank employees. Once the award had attained finality and been implemented, financial incapacity of the banks was not a decisive factor. The proper course was for the Central Government to revise remuneration promptly after later commercial bank revisions, while maintaining the parity contemplated by the award. en-us Wed, 31 Jan 2001 00:00:00 +0530 Wed, 22 Jun 2022 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275402 The Central Government retained the statutory power to determine the remuneration of Regional Rural Bank employees under Section 17(1) of the Regional Rural Banks Act, 1976, and that power was not displaced by an award securing parity with sponsor-bank employees for the then-prevailing pay structure. The award did not create an automatic, perpetual escalation mechanism linking Regional Rural Bank pay to future bipartite settlements of commercial bank employees. Once the award had attained finality and been implemented, financial incapacity of the banks was not a decisive factor. The proper course was for the Central Government to revise remuneration promptly after later commercial bank revisions, while maintaining the parity contemplated by the award. Case-Laws Indian Laws Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275402