Business Daily from THE HINDU group of publications
Wednesday, Apr 02, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Apr 02, 2008 ePaper | Mobile/PDA Version |
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Opinion
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Letters Rational economics Economists are generally known to take a rational view and bring to bear a positive approach to economic problem. In order to combat increasing inflation the government has accepted that economic growth has to be slowed down a bit. The recommendation of the Sixth Pay Commission has tried to remove the disparity in incomes between the private and public sector. This has been possible only due to thinking globally on the income issue. With regard to the banking sector, the Finance Minister has suggested that if PSBs want to compete with the private sector banks, the former, which are also profit-earning, should also pay their employees well. The IBA needs to take a cue from this and think on economic lines. The involvement of economists in planning at the State and corporate levels will boost national productivity. However, the more pressing issue that the government should look after the welfare of senior citizens/pensioners who form a substantial percentage of the population. S.V. Taneja e-mail
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