Govt cuts salaries; Private sector cuts will be brutal

Govt has frozen the dearness allowance to central government employees till July 2021 along with any kind of arrears (attached). With this even private sector will cut the salaries, no work no pay or retrenchment will start. It is difficult time for all. All must cooperate. more  

via_LocalCircles_1D1F223A-03BF-4E9A-973E-80F12146A8FD___20200423081703___.jpeg
View all 9 comments Below 9 comments
This is a good step by Govt. in the present circumstances. All including private Sector should co-operate in the fight against COVID 19. more  
Its a good step showing way forward to private sector not to reduce work force but freeze the salaries to move forward and once you cameback to Normal Situation i.e. out of current crisis increase in the salaries one can wait till then to Face the Situation to scarify for the Nation. Care should be taken Not to Misuse any National Fund nor the Misuse of Power. more  
The recommendations to pay commission is done by bureaucrats, accepted by Bureaucrats & accepted by Govt. who for the sake of coming to Power or remaining in Power give more than that. This has resulted in Stenos-PA's Jumping to the rank of PS, PPS and to the Level of Jt.Secy in Parliament without passing any civil services exam. Is any body aware that a peon/ constable is getting more pay than any Manager/ Accountant in K.Bagh/ Conought Place/ Sadar Bazar/ Chawri Bazar markets or Pvt. ltd. Co's. Army gets spl allowances, Pilots- though meant for flying get Flying allowance, Doctors get Non Practising allowance. THE DEARNESS THOUGH EQUAL FOR BAND 1, II, III & IV BUT IS GIVEN IN PROPORTION TO PAY ie BY PERCENTAGE, WHEREAS TILL VTH PAY COMMISSION NEUTRALIZATION FOR PB-IV WAS 60%, FOR PB-III IT WAS 75% BUT 6TH COMMISSION REVISED 14000/- TO 37,500/- (2.6 TIMES)AND AGAIN 7TH PAY COMMISSION AGAIN RAISED IT BY 2.57 TIMES, RESULTING IN 7 FOLD INCREASE OF 2005 SALARY. THE RISE OF 4% IN DA AMOUNTS ARROUND Rs. 10000/-, WHICH IN MARKET MAY HARDLY BE SALARY OF MANAGERS. DA AMOUNT SHOULD BE EQUAL FOR ALL OR FIXED FOR VARIOUS PAY BANDS INSTEAD OF PERCENTAGE. more  
This is not a cut but freezing of the salaries- the Govt. also needs resources which are to be used for greater benefit of people of all hues in the present circumstances - so I say it is good step showing way forward to private sector as well - do not reduce work force but freeze the salaries to move forward and once you stabilize after coming out of current crisis increase in the salaries can wait till then more  
Its true its difficult time, not for individuals, Govt. and organisations but for everyone and its the time that everyone who is capable to manage with reduction in his / her luxury spending, it shall be a great service to each one of us, mankind, animals and to the nation. more  
Post a Comment

Related Posts

    • GST filing

      Still GST system is not 100 % user/official friendly. there are news that so much money (in lacs) collected by fraudulent GST bills. I am a GST registered vendor. The company turn over is almo...

      By Subramanian Venkataraman
      /
    • Taxation Issues faced by Startups: Inputs Sought

      Many of you know how LocalCircles had worked with the Government in 2019 on resolution of angel tax issues under Section 56 (2)(viib) of the Income Tax act. Once again, the Government h...

      By LocalCircles Manager
      /
    • Why no penalty an dprosecution for govt

      Now our IT portal has become sick being suffering babu virus or extortion virus. McA site never works on last days and people have to pay penalties for mistakes of govt. Now professionals are wasti...

      By SUBHASH PARAKH
      /
    • Income Tax Return Filing Portal

      What about income tax return filing date? Any extension thereof? As of today, I am not able to file the return . Has any one else file the income tax return? Has Portal issue been solved? I have al...

      By Hasmukh Sangani
      /
    • Grass root experience

      I have been doing and promoting small business for the last 30 years. The real problem is that the ministers and their secretaries don't have practical experience and they look for 5 trillion dolla...

      By AMIT MADHAV BHATTACHARYA
      /
    • Why do Ministers refrain from engaging with businesses

      I find it quite interesting that the ministers want to deal only with tata adani ambani and not the real msme and startups. Why is the msme minister (appointed this week Narayan Rane) his secretary...

      By Aditi Mitra
      /
    • Why such mismanagement

      FICCI the industry association has written to Centre saying most of 40000 ventilators manufactured under PM Cares Fund last year are lying unused at government facilities. Mainly due to negligence ...

      By Sudesh Rai
      /
    • Word of caution to Indian small entrepreneurs

      Friends this is Aditya from New Jersey. A friend of mine from Brazil recently lost 3 members of his family back home to Covid. The P1 variant is most dangerous of all and is now invading neighbors ...

      By Aditya Sharma
      /
    • simplifying procedures for easy business

      none of the administrators who are lucky to get into govt seats have practical field experience and they are not aware of the strains of small entrepreneurs. They always imagine that any entrepren...

      By Subramanian Venkataraman
      /
    • Some Traders evading gst

      I agree with the other post. Traders have a strike today against GST. Many traders basically are still selling supplies in cash and then sell the bill later to some other entity for a pr...

      By SN Mittal
      /
    • Traders and their strike

      The traders of India are simply fooling the world and doing a strike on GST. I am sorry to say but 80% of even medium size traders jump on every opportunity to do buisness without receipt with comm...

      By Shikha Chhabra
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)