a stupid economics of Dr Bharat Jhunjhunwala

“The main area that needs immediate attention of Mr  Finance Minister is that impending burden of the VII pay Commission I had  seen world bank  report a few years ago comparing emoluments  of government servants with per captia income which was highest among countries.  The earnings of government employees were about one two times  the per captia incomes  in most countries.  This would have increased in India  to about six to seven times after the implementation  of the Sixth pay commission.  Now the VIIth Pay Commission is in the process of recommending yet another increase in their salaries.  The economy of the country  today is of the Govt Servant, for the Govt Servant and for the Govt Sevants.  Mr Finance Minister must change it.  The terms of reference  of the seventh commission m must be restricted to  improvement of efficiency and reduction in numbers.  There should be no recommendation regarding increase in salaries.” Extracted from the article of Dr Jhunjhunwala in Orissa Post 30^th June 2014

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