Tuesday, March 25, 2014

Why 9:1 Ratio between maximum & minimum Salary/Pension being demanded

Why 9:1 Ratio between maximum & minimum Salary/Pension being demanded by
 ‘BHARAT PENSIONERS SAMAJ’
Ironically in India where the poor are struggling to breath with just Rs  27.2 a day in rural areas and 33.3 in cities.  The net worth of the billionaire community increased 12-fold in 15 years, enough to eliminate absolute poverty in this country twice over. In a telling comment, the International Monetary Fund managing director Christine Lagarde warned that income inequality is increasing dangerously
Inequality is a sociological construct. Larger income/wealth Inequality breeds discontent, inefficiency, corruption & finally the revolt which is now creeping up   in the shape of Maoism & Naxalism. India can ignore this only at its own peril. What is worrying is that the monthly per capita consumption expenditure of the top 5% of the rural population is nearly nine times that of the bottom 5%. Where as In cities and towns, the average consumption by the top 5% of the population has gone up dangerously to 14.7 times that of the bottom 5%.(latest report of the National Sample Survey Organisation on people’s spending patterns)
 
As an immediate measure to contain & to bring  inequality at least to rural level .Ratio of 9:1 between  maximum & minimum  Salary is being demanded which is feasible in the present economical scenario of the Country.

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