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

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


Popular posts from this blog

Parliamentary panel asks government to consider increasing the quantum of pension from 65 years

DA TABLE : Dearness Allowance & Dearness Relief Table