[Monkeys Deserve Peanuts from ANTIDOTE by Sauvik
The recommendations of the 6th Pay Commission are making the news now... Of course, my arguments were correct. The 5th Pay Commission bankrupted the State and public services did not improve at all. This scenario will be repeated again.]
It is surprising that many economists have denounced the 5th Pay Commission awards (although, they seem to be comfortable with NREGS). Whether or not it improved the functioning of the bureaucracy, it managed to put substantial disposable income in the hands of a large number of people constituting the middle class, thus inaugurating the consumerist revolution in India. It would be unwise to overlook this piece of milestone in the recent economic history of India. The 6th Pay Commission recommendations, therefore, should be supported on the same grounds as Kaushik Basu [Stray notes in the Budget symphony HT March 01, 2008 1:26 PM ] regards the loan waiver for farmers as a kind of negative income tax. [TNM]
No comments:
Post a Comment