WHY THIS HUE AND CRY EVERYWHERE FOR BETTER PAY PACKAGES?
IS ACCEPATANCE OF VI TH PAY COMMISION RECOMMENDATIONS RESPONSIBLE?
THE ANSWER TO THE ABOVE QUESTION IS UNDOUBTEDLY A BIG YES. IT IS DIFFICULT FOR ANYBODY TO DIFFER FROM THE VIEWS .
In todays business standard there was a news item that postal department may end with a deficit of 5632 crores mainly on account of salaries and allowances/additional pension pay out\cosequent to the implemenation of sixth pay commission recommendatios.
Already it was estimated that pension payment will exceed salary payment in the year 2013 for Department of railways. Now with the skyrocketing of inflation and consumer price index and with a projection of around 15 to 17% DA increase and with a much more liberal pension package accepted in the sixth pay commission ,the yaer will get definitely advanced to even 2012 or 2011 .
The fiscal deficit is alarmingly high even now and the government is considering withdrawing stimulus package and also plug the loopholes of expenditure and all other gimmicks of austerity which will not yield considerable savings.
Even persons like me who is having very little knowledge can guess things , then why the stalwarts of MINISTRY OF FINANCE and other planning commission experts have not foreseen this is a million dollar question. It was done deliberately to please 50 lakhs strong families of central government employees who forms an influential chunk in the electoral arithmetic.
All the state government employees started hue and cry and several state governments on their own has extended the package as such either beyond their means or at the cost of pruning /postponing development projects/welfare activities. All classes of quasi government employees in whichever department they are working has taken pay commissison as their bench mark and demnded parity and achieving the goal.
Air India employees made hue and cry when the incentive scheme was discontinued. They succeeded. Government has announced a package of 5900 crores to bailout AIRINDIA.
Latest GUJARAT GOVERNMENT EMPLOYEES gave an ultimatum for sixth pay commissison. After a series of agitations they may definitely get parity.
So in the whole country nearly 1.5 to 2 crores of government employees/quasi government employees got pay increase with sixth pay commission as bench mark. More than one lakh crores might have been shelved out as wage arrears apart from hefty take home pay increase of 40% ( GOVERNMENT CLAIM OF 21% INCREASE MAY BE TOTALLY WRONG ) which is the main villain for the inctrese in cost of living index.
GOLD PER FRAM 1700 MAY REACH DEFINITELY 2000 PSYCHOLOGICAL FIGURE
ESSENTIAL COMMODITIES PARTICULARLY DAL VARIETIES ARE DOUBLED NOT TO SPEAK OF VEGETBLES. TOTAL EXPENDITURE EXCLUSIVE OF RENT/ ELCCTRICITY WAS DOUBLED WHEN COMPARED TO 2007 PRICE LEVELS.
CENTRAL GOVERNMENT AND ITS TEAM ARE COLLECTIVELY RESPONSIBLE FOR PART OF THE PRICE RISE, SOME CAN BE ATTRIBUTED TO LESS PRODUCTION ETC.
MORE THA N 1.5 LAKHS CRORE ARE BEING SPENT FOR 2 CRORE GOVERNMENT EMPLOYEES AND PENSIONERSNOT FROM PROFIT BUT FROM TAXES /PUBLIC DEBT/FISCAL DEFICT ETC. LOAD WILL BE MUCH MORE DURING THE NEXT FISCAL YAER END.2010-2011.FISCAL INDISCIPLINE IS GOING ON AND THEY ARE MOOTING SALE OF STAKES IN PUBLCI SECTOR UNDERTAKINGS TO COMBAT THE DEFICIT ATLEAST BY FEW THOUSANDS CRORES.
THE PROVISIONS OF SIXTH PAY COMMISSION OF DA MERGER WITH BASIC ONCE IT CROSSES 50% WILL BE ACHIVED BY EARLY 2012 WHICH WILL CAUSE FURTHER HEAD ACHE.
WHEN THEY ARE GOING TO MAKE PROVISIONS FOR VERY HUGE BURDEN IN THE FORM OF WAGES ,PENSION,PENSION UPDATION ETC WHY 10 LAKS BANKEMPLOYEES AND PENSIONERS ARE GETTING SHABBY TRETAMENT.
LET UFBU ALSO SEEK PARITY WITH SIXTH PAY COMMISSSION FOR WHICH WE ARE VERY MUCH ENTITLED COMPARING THE ADDITIONAL RISK FACTORS ,LOAD SIX DAY WEEK ,FOR OFFICERS SEVEN DAY WEEK TECHNICALLY.AFTER SIGNING THE SETTLEMENT WHICH IS MAINLY FOCUSSED ON PENSION OPTION OUT OF FEAR LET THEM DEMAND A COMMISSION TO GO INTO ENTIRE QUESTION OF PARITY ON WHICH PILLAI COMMITTEE RECOMMENDATIONS WERE BUILT. ON EVERY PARAMETER BANK EMPLOYEES ARE BETTER PLACED FOR A HEFTY WAGE REVISION AND NOT LIKE THIS.
IF IBA IS NOT HEARING LET THEM DEMAND A WHITE PAPER FROM THE GOVERNMENT ON THE IMPLEMANTATION OF SIXTH PAY COMMISSION, MODALITIES TAKEN FOR ARRIVING SUCH LIBERAL WAGES.AND PLACE IT BEFORE THE PARLIAMNET AND EVRY BODY CAN KNOW THE LEVEL OF SALARIES ACCEPTED BY THEM TO THEIR EMPLOYEES WHEN COMPARED TO BANK WAGES.
OIL PRICE AND INTEREST RATE ARE TWO SENSITIVE ITEMS. BOTH ARE DIRECTLY/INDIRECTLY CONTROLLED BY THE GOVERNMENT/RBI. WHEN GOVERNMEMNT WANTS TO KEEP OIL PRICES LOW THEY ARE COMPENSATIONG THE OIL MARKETING COMPANIES BY WAY OF OIL BONDS RUNNING INTO THOUSANDS OF CRORES. LET THEM SANCTION INTEREST SUBVENTION /SUBSIDY TO GOVERNMENT SCHEME LOANSAND IMPOPRATANT SECTOR LOANS OF THE ECONOMY. LET THEM ALLOW THE BANKS TO INCREASE THE SERVICE CHARGES. WHY THE EMPLOYEES SHOULD BE PENALISED AS THOUGH SALARIES WERE DETERMINED BASED ON CAPACITY TO PAY. WHERE ALL OTHER SECTORS ARE GETTING THE CAPACITY. ?CONTRARY TO OTHER SECTORS BANKS ARE EARNING GOOD PROFITS AND SUBSTANTIAL PORTION OF THE AMOUNT GOES AS WRITE OFF.
IN WHATEVER WAY WE THINK OR ANALYSE THE PROBLEM ,WE DESERVE RATHER GOVERMNET SHOULD ALLOW LIBERAL WAGE REVISION ATLEAST ON PAR WITH THE GOVERNMENT EMPLOYEES IF NOT PUBLIC SECTOR EMPLOYEES. SINCE WE ARE GETTING PENSION WE CAN COMPARE OURSELVES WITH GOVERNMENT ONLY’
BASIC ALIGNMENT, GRADE PAY ,30%HRA, TRANSPORT AND EDUCATION ALLOWANCE ARE THE OTHER AREAS TO BE CONCENTRATED IMMEDIATELY AFTER THE SIGNING OF THE SETTLEMENT. IT SHOULD BE ACHIEVED ATLEAST BY .1.11.2012 . AIM SHOULD BE TOTAL PARITY ON 01.11.2012.
FULL NEUTRALISATION OF DA TO PRE 01.11.2002 PENSIONERS SHOULD BE TAKEN IN THIS SETTLEMENT ITSELF . PENSION UPDATION AS APPLICABLE TO CENTRAL GOVERNMENT EMPLOYEES SHOULD BE SANCTIONED AT LEAST FROM 01.11.2012 TO ALL PENSIONERS .
K BALASUBTRAMANIAN
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