Media false hue & cry of 7th CPC. Col Lamba

7th CPC Wage Hike
Hue &  cry by media + Historic Pay Commission by FM

Open challenge to the  best of economist to prove that  Media cry for Bonanza & FM historic budget is correct .

Kindly show me where is rise & hefty pay packets .

Let us see one by one

Actually, the salary of Rs 7,000 and Rs 18,000 are not comparable.  Rs 7,000 basic salary, which was fixed 10 years ago and currently applicable with the dearness allowance added on, is Rs 15,750 (Rs 7,000 basic plus 125 per cent DA). In the salary of Rs 18,000 now announced, the DA is subsumed. Thus, a more accurate comparison would be the present salary of Rs 15,750 and the new salary of Rs 18,000.

Now let us take if a sum of Rs 7000 is put in FD for 1O years @ 9% prevailing  rate at that time .The amount would have become
Rs 17159.50
So hike in 10 year is just
 Rs 841.50 or Rs 71/ per year.
Gain 841.50/18000= %

Will it off set inflation + cess + hikes in petrol+fees+ Roti Kapada Makkan extra.
In No way
It is not a Pay Commission But employees Pay Cut Commission.

1) Service Tax raised from 12.36 to 14.5. Add krishi cess 0.5%

It was proposed in in Union Budget 2015 to increase the service tax from 12.36% to 14%. After the Notification No. 14/2015-Service tax dated 19/05/2015 by the government, new service tax  is effective from 01/06/2015. All the Service including the insurance premium will be dearer from 01/06/2015. The special rates for life insurance service as per rule 6(7A) has been changed.

2)Pay Full ticket now for children also .A back door pinching.
No more half ticket: Children of 5-12 years of age to pay full train fare from April 2016

3)Household inflation expectation remains above 10%: Reserve Bank of India
Jel Rebello, ET Bureau Feb 3, 2016, 10.15PM IST

4)HRD Ministry hikes fees in NITs, IISERs
Of 79% to 127%

This week, the HRD Ministry approved a fee hike of 79 per cent and 127 per cent for NITs and IISERs, respectively

5)Bus Fare Hike: By 18%

New Delhi:State road transport corporations will have to raise fares by over 18 per cent to make up for the recent diesel price deregulation, according to India Ratings & Research said on Tuesday.

The government had in January decided to sell diesel to bulk consumers like state transport buses at market price which is higher than the price of the fuel at petrol pumps.

"State Road Transport Corporations (SRTCs) are the second-largest consumers of bulk diesel in the country (2.192 million tons per annum or 14 per cent of total diesel consumed)," it said in a note.

6)Discom seeks 6% power tariff hike next fiscal, 12% hike in 2016-17

The current tariff a consumer of WBSEDCL is paying is Rs 6.59 for each unit of consumption, including MVCA adjustments.
KOLKATA |

7)Prices of pulses have increased by up to 41% in retail markets during the last one year on decline in production due to account of adverse weather conditions, the government on Friday informed Parliament.

"Over the last one year, the increase in retail prices of major pulses have ranged between 12.63% to 40.73%. The main reason for the sharp increase in prices of pulses is a decline in production on account of adverse weather conditions," Food Minister Ram Vilas Paswan said in a written reply

The All India daily average retail price of moong dal has increased by 12.63% to Rs 98.47 per kg as of July 20, compared with Rs 87.43 per kg on July 18, 2014.

During the period under the review, retail prices of urad dal have shot up by 34.39% to Rs 99.03 per kg, while rates of arhar/tur dal have increased by 40.73% to Rs 99.31 per kg.

Prices of masoor dal have gone up by 23% to Rs 82.53 per kg, while chana dal rates have risen by 30.53 per cent to Rs 60.29 per kg, according to the data placed before the Upper House.

"Rise in prices of essential food items including pulses are triggered by several factors such as adverse weather conditions, rise in transportation cost, supply constraints and artificial shortage due to hoarding and black marketing," he said.

Retail prices of most pulses have increased due to supply crunch in the wake of a decline in domestic production by nearly two million tonnes in 2014-15 crop year (July-June) on account of unfavourable weather conditions earlier this year.

8)Health care premium

High claims ratio, inflation necessitate hike in health cover premium rates'
Sarbajeet K. Sen and Chandralekha Mukherjee
Edition:March 2011

 Insurers are seeking approval from Irda for increasing health insurance premium rates, R.K. Kaul, CMD, Oriental Insurance, tells Sarbajeet K. Sen and Chandralekha Mukerji.

9)Now, pay more for your mobile, hotel, credit card bills :-(from June 1, 2015, you will have to fork out 14 per cent service tax instead of 12.36 per cent

10)Fall in purchasing power of rupee.
On the 19th May 2014 the inter-bank USD to INR spot rate was:
US Dollar to Indian Rupee Indian Rupee to US Dollar
1 USD = 58.4441 INR 0.0171 USD = 1 INR
11)Now 1 USD
67.02. As on July 2016

12)the National Green Tribunal on Thursday asked authorities to consider hike in parking fee, vehicle registration fee and congestion charges.

Pollution charges have been doubled  from Rs 50 to Rs 100

Vehicles entering Delhi to pay environment charge from November: Supreme Court.The charges would be payable at the rates of Rs 700 for light duty vehicles and two-axle vehicles and Rs 1,300 for three-axle and above.
BY: PTI | NEW DELHI |
Updated: October 12, 2015 7:47 Pm

13) Vehicle life reduced from 15 years to 10 years as per new policy in making .So in 30 years you  buy 3 cars instead of 2 cars & pay for registration charges for a one additional vehicle+ cost of one car + insurance

14) No more half ticket: Children of 5-12 years of age to pay full train fare from April 2016

Hike in Tatkal Charges.
Hike in rail fare .hike in tariff .Hike in cancellation charges .Hike in platform tickets .
Prabhu ki kirpa drishti

15) At time of election FM was crying from roof top .Minimum slab 5 lacs.

But No change now total mum

So pay higher income tax on your 7th CPC.+ Cess. As slab rate will increase .
No relief No gain but more pain

16) Crude prices
Crude oil prices fell sharply in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $112 per barrel (bbl) and $105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $62/bbl and $59/bbl in December, respectively .Jan 6, 2015
Crude Oil & Natural Gas
Index Units Price
CL1:COM WTI Crude Oil (Nymex) USD/bbl. 41.60
CO1:COM Brent Crude (ICE) USD/bbl. 42.4

Crude falling but prices are not falling

17 ) Petrol prices

The addition of central taxes on diesel is higher than those on petrol. Central taxes per litre of diesel rose to four times its value in April 2014 — from Rs.4.52 per litre to Rs.17.33 per litre in February 2016.

*OMC = Oil marketing companies; Dec-2015 and Feb-2016 data used due to non-availability of January data

Retail consumers pay more tax on petrol and diesel than its actual price. Of the price you pay for a litre of petrol, 57% goes to the government as tax. Of the Rs.44 per litre of diesel, 55% is tax. If the excise duties on diesel had not been increased these two years, diesel would have cost Rs.32 per litre today.

18) The Reserve Bank of India left its benchmark repo rate unchanged at a five-year low of 6.5 percent during the meeting held on June 7th, as expected. While awaiting further data to assess the impact of seasonal rainfall and some external risks, policymakers said they would remain accommodative.

19) New Delhi: Gold prices spurted to Rs.31,340 per 10 grams, a 29-month high, by surging Rs.540 in the bullion market on Saturday, tracking a firm trend overseas amid increased buying by jewellers at the domestic spot market.
Spend more for children marriage
20) Bank FD rate fallen from 9.5% to 6.5%
PPF rates also down from 8.75% to 8.1%
Future saving also on reducing path. Old age going to be a tough living.
21)Property .Hike in circle rates & Registration charges
22( Pay more for water & electricity .
23) Rent charges on rise. Rental living also becoming unaffordable
24)Hotel bill..20 % tax on what you eat .
25)wearable & Clothing becoming dearer
26) Hike in movie ticket

Poor employee
Kia khaye ga aur  kia nichode ga .

Kaab ayenge achhe din??
....

Col Lamba ( one man army )