Article by Dr. Abul Baser on 'Pay scale and its impact on Inflation' at the Financial Express Today. New pay scale and fear of inflation
The new pay scale, which proposes to increasesalary of government employees, is likely to be implemented in the upcoming fiscal year beginning from next July. Who does not like a pay increase? So quite understandably, the government employees are happy. Pay increase will enable them to increase their consumption and meet some of their unmet demand.