Indian Buraeucracts To Get Fat Checques But ……
Indian economy has been one of the fastest growing economies in the world for last one decade or so. Its Gross Domestic Product (GDP) has been growing consistently over 7 percent. The India Central Government has finally decided to reward its 3.5 million strong civil servants by way of its Sixth Pay Commission recommending and increase of 30-40 percent salary hike.
But initial reactions to the recommendations are that of disappointment because in the words of Justice B.N. Srikrishna, chairman of the commission,
” I told the finance minister that my recommendations will displease everybody…… ”
But nobody - neither political parties nor employees’ unions have commented so far on the 658 page report.
It seems that the biggest beneficiaries will be those in the higher echeleon of the bureaucratic hierarchy. The contentious issue about the report is that - it recommended pay hike but at the same time it wants the government to trim its workforce. It also recommended downsizing the service tiers from 35 at present to 20 tiers. It also recommends for introducing 5 pay bands to cover all ranks.
The civil servants are to get rank pay along with basic salary. For example, the highest ranked officer in India, the Cabinet Secretary will get a consolidated monthly salary of Rs. 90,000 besides allowances and perks. But still it is far too low than those CEOs in private companies. What is attractive though is the position, security and other related benefits that come along with a government official.
PS: I’ll follow-up this post with Salary hike in PVT. sector within next few days and make a comparision.
The study has revealed that, corporate fraud has increased 54 percent since a similar report was done in 2006. Financial sector is leading the pack followed by real estate and infrastructure sector.


If you have a house and are pondering at what to do - just go ahead, take home loans, buy a nice property and rent it out.
Mexican telecommunication tycoon Mr. Carlos Slim is estimated to be worth $60 billion enabling him to surge ahead of Bill Gates, worth $58 billion.
during this long period. The surprising element is the rise of four Indian into the top 10 richest billionaires club.
who broke away from the main RIL group is the sixth richest person in the world worthy of $ 42 billion a net gain of 12 places and $23.8 billion during last 12 months. K.P Singh, who is leading Indian real estate boom with DLF has become the fourth Indian in the top ten ( at number eight) as his fortune rose to $30 billion due to stock market boom.
