Why 9:1 Ratio between maximum & minimum Salary/Pension being demanded by ‘BHARAT PENSIONERS SAMAJ’
Why 9:1 Ratio between maximum & minimum Salary/Pension being demanded by ‘BHARAT PENSIONERS SAMAJ’ 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 to...