The peculiarity of price increase is like this. The same push cart vendor with vegetables sells the same at different rates as he moves from one street to another and from one block to another. My friend knows I like Tapioca. She saw at Reliance shop and got two pieces and handed over to me. When I cut lo totally putrified. She told I shall get replaced as I have preserved the bill. The shopman told we do not know whether it is good or not, we store and sell that is all.
Perqs. and retiral of govt. servants must be brought at par with private sector so as to save at least one lac crore for infrastructural development. Uniform leaves, LTC, medical, bonus and other perqs. in normal Indian conditions without any liability of pension.
Re: Inflation
by Balachandran N on Jun 03, 2014 09:45 PM
If you want private sector salary, prepared to work with just 12 days leave per annum, granted only when the business is at lean period. Be ready to face abusive bosses and cut throat CEOs who are ready to send you home at their whims and fancies. Be prepared to get out if you are a non performer for just 1 assessment cycle which is 6 months at MNCs. then take the salary. This guy don't know what he is talking about.
It is good that the capacity to spend has increased 322 times at some places. One has to look at the loan burden of many states of India which is to the tune of 3 lakh crores. After 7th pay commission recommendations, the spending capacity may touch 500 times at many places whereas the states will be declared bankrupt unable to pay salaries and pensions. the debt burden should also include subsidies and freebies and then internal debts will touch 4 lakh crores in every state.
Re: Compare this with burden on exchequer
by Zeng on Jun 03, 2014 03:02 PM
322 times and 500 times? You are slightly off the mark :) 322% = 3.22 times. Now since you are proven to have no clue about basic maths, don't blabber about numbers you have no idea about.
The price rise is for imposition of indirect taxes on commodities, and neither the consumer nor the kissan is benefitted, the revenue generated for the imposition of indirect taxes, is used to implement NGERA etc, which is nothing but bribing voters - to fetch votes during elections. These type of freebies like annabhagya, ksherabhagya & shaadibhagy are to restricted to the most under preveliged, widows, orphans etc. Take the example of the recent bus fare hike in BMTC in Bangalore, the commuter's are burdened, and are opting for other mode of transport, leading the safety etc. The freebies should be limited to certain % of the budget allocations, as like Food security bill of UPA2, after 9 years rule and higher inflation they have introduced this bill for votes, and the results on 16th May'2014, will prove the point.
