Pay Commission Maths Doesn’t Work

Pay Commission Maths Doesn’t Work

On learning that members of Parliament have bestowed upon themselves a 24% salary hike, my thoughts race to the class in society which is characterised by low performance accountability and high job security: government employees, both at the Union and the State government level. The class is so powerful that no political party now wants to trifle with it, and understandably so. Lest it inconvenience their positions, academicians, economists and Indian policymakers, including the Governor of RBI, the Niti Aayog and the CEA to the PM, avoid public deliberation on the issue of the adverse impact of Pay Commissions; particularly, the 8th Pay Commission.

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A tribute; Dr. M S Swaminathan

It is generally agreed that freedom from hunger has been the most fundamental difference that helped Independent India rise up the global socio-economic hierarchy. The achievement is attributed to Dr. M. S. Swaminathan (August 7, 1925 – September 28, 2023). Dr. Swaminathan was more than a great scientist, it needed a genius of a different stature to shepherd India through its regulatory tangles and bureaucratic ways to usher in a transformative regime and that too at the farm level. Never before in Indian history had policy-level success been achieved on such a massive scale in such quick time.

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Export Ban of Wheat: Decoded

A month back, it was evident beyond doubt that wheat yields were down due to the exceptional heat wave and government procurement of wheat would also remain far below the last year levels. But, the mirage of excess production, caused due to wrong estimates of wheat production and analytics by government agencies has led to misplaced policy decisions. In its exuberance to be a messiah to the world, India prodded private trade to export vast quantities of grain, which they complied with gusto. The central government also bravely announced an extension of the subsidized food programme by six months. Therefore, the government of India’s announcement to ban export of wheat has come like a bolt from the sky not only for Indian farmers, traders but also for the international community. Expectedly India has lost credibility and even the G7 has criticized the move.

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Six years; double income

Prayers were answered as the monsoon made landfall in Kerala, close to where Vasco da Gama landed in 1498. Its impact on political fortunes will be just as significant. This government has promised to double farm incomes in six years and economists argued that this would be impossible because it would entail a 12 per cent annual growth in incomes, something that is unprecedented globally.

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