Ratio between Maximum and Minimum Pension – Bharat Pensioners Samaj
Why 9:1 Ratio between maximum & minimum 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 top 5% of the population has gone up dangerously to 14.7 times that of the bottom 5%.(latest report of the National Sample Survey Organisation on people’s spending patterns).
As an immediate measure to contain & to bring inequality at least to rural level .Ratio of 9:1 between maximum & minimum Salary is being demanded which is feasible in the present economical scenario of the Country.
Source : Bharat Pensioners Samaj

📢 Stay Updated with GConnect
Join our Whatsapp channels for the latest news and job updates:
Join GConnect News Join GConnect JobsGConnect News
GConnect Jobs
You might also like:
India Post Creates Dedicated Marketing & Sales Vertical to Boost Business Growth and Customer Outreach
MEA Invites Applications from Retired Gazetted Officers for Consultant Posts in Passport Offices; Apply by July 20
Ministry of Health and Family Welfare Invites Applications for Consultant Posts on Contract Basis
NITI Aayog Invites Applications for Consultant Posts; Retired Government Officers Can Apply Within 30 Days
PFRDA Sets Up ASCEND Panel to Attract Global Pension Capital into India’s NPS Ecosystem
Government Extends Additional NPS Investment Choices to Employees of Central Autonomous Bodies