We need to review the existing scheme in a comprehensive manner.
The entitled mode of travel should be made as air travel to all officers
For Senior Management Cadre it should be executive class.
The encashment of leave fare concession should be the actual expenditure he / she
would have incurred had the officer traveled actually by entitled class.
RBI and NABARD provide Rs107000 per head to officers upto E grade and for F
grade and above Rs 160000. The same can be extended to our officers.( Separate
Foreign Travel to be allowed within the entitlement upto the maximum distance
permissible in India.
The IBA should take up with the Government and seek exemption from payment
of income tax whenever the amount is drawn on the basis of reimbursement.