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Discussion Forum : The Centre's 7th Pay Commission plans may cost the nation Rs 1 lakh crore. How would you have spent the money better? | Business Standard
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3yrs 7months 1weeks 3days 2hrs 32mins ago | COMMENTS [9] | Politics

The Centre's 7th Pay Commission plans may cost the nation Rs 1 lakh crore. How would you have spent the money better?

The government has just set up the 7th Pay Commission for its five million employees and three million pensioners. Analysts say the pay commission awards might cost the nation a staggering Rs 1 lakh crore. Has the Centre's decision been driven purely by poll compulsions, or is there genuine concern for its employees? If you had the power, how would you have spent Rs 1 lakh crore better? Do share your views with us.

Rs 1 lakh crore quiet a huge sum ,this time let me be bit miser next time i will do something for all.
Saturday 28th of September 2013 04:17:36 PM
If you are trying to figure how Obamacare will affect future health costs in the U.S.A., this comparison of 2010 total health cost per person may help. Chronological list of countries with universal health care, date of institution, type: & 2010 Cost of all health care. The U.S. and what we were paying pre-Obamacare is at the bottom. Norway-1912-Single Payer $ 5388 New Zealand-1938-Two Tier $ 3022 Japan-1938- Single Payer $ 3035 Germany-1941-Insurance Mandate $ 4338 Belgium-1945-Insurance Mandate $ 3969 United Kingdom-1948-Single Payer $ 3433 Kuwait-1950-Single Payer $ 1730 Sweden-1955-Single Payer $ 3758 Bahrain-1957-Single Payer $ 1100 Brunei-1958-Single Payer $ 1600 Canada-1966-Single Payer $ 4445 Netherlands-1966-Two-Tier $ 5056 Austria-1967-Insurance Mandate $ 4395 United Arab Emirates-1971-Sing Payer $ 2011 Finland-1972-Single Payer $ 3251 Slovenia-1972-Single Payer $ 2429 Denmark-1973-Two-Tier $ 4464 Luxembourg-1973-Insurance Mandate $ 4786 France-1974-Two-Tier $ 3978 Australia-1975-Two Tier $ 3670 Ireland-1977-Two-Tier $ 3718 Italy-1978-Single Payer $ 2965 Portugal-1979-Single Payer $ 2728 Cyprus-1980-Single Payer $ 1920 Greece-1983-Insurance Mandate $ 2914 Spain-1986-Single Payer $ 3067 South Korea-1988-Ins Mandate $ 1940 Iceland-1990-Single Payer $ 3309 Hong Kong-1993-Two-Tier $ 1420 Singapore-1993-Two-Tier $ 2250 Switzerland-1994-Insurance Mandate $ 5270 Israel-1995-Two-Tier $ 2131 United States-2014-Insurance Mandate $ 8233 I thank you Firozali A.Mulla DBA
Saturday 28th of September 2013 02:13:52 PM
When our Government will learn from past blunders? Isn't the Government aware that the present poor state of our Country's economy is due to implementation of 6th Pay Commission recommendations? Now the 7th Pay Commission should consider downsizing of salary paid to Goverment Employees in terms of 6th Pay Commission.Government should not spend the tax payers' money in such useless manner. Goverment should also realise that by increasing the salary of Government Officials, it failed to restrict the corruption by them.
Saturday 28th of September 2013 01:03:28 PM
There will not not be much rise in the salary after 7th pay salary commission. Already ,DA has increased t 80% and it shall be merged with the previous basic to arrive at new basic.If hefty pay rise will be given then surely balance sheet of PSU companies will be bleeding.
Saturday 28th of September 2013 06:53:09 AM