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10 thoughts about India's economy for the coming year


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arungopal agarwal
Economy
by arungopal agarwal on Dec 24, 2015 11:52 AM

Whatever measurement govt. takes, economy will not respond due to DA linked pension of govt. servants and politicians. Today Govt. servants are 45 lacs and pensioners are 55 lacs, regular army is 13 lacs, pensioners are 26 lacs, income from passengers in rly is Rs.35000 crore, pension bill is Rs.40000 crore. A fellow who was getting a pension in 2006 Rs.15,000 today getting Rs.55,000 i.e. all from tax payers money. Huge burden again will be put in 2016.
No one in India is covered under such pension liability except govt. servants. We are aheading towards Greece like situation. Modi is afraid of to touch system correction.

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