tag:blogger.com,1999:blog-9144139976480301799.post245004052229392827..comments2023-10-21T14:49:22.500+05:30Comments on Indian Stock Market: Sixth pay commission expected to give a 25% pay hikeUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9144139976480301799.post-43967762603921835392008-03-24T15:49:00.000+05:302008-03-24T15:49:00.000+05:30sixth pay commission 2008sixth pay commission 2008Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9144139976480301799.post-67805090361393841872008-03-11T04:43:00.000+05:302008-03-11T04:43:00.000+05:30Interesting. I've seen estimates of an annual impa...Interesting. I've seen estimates of an annual impact of Rs 20,000 crores on the Central budget from the Sixth Pay Commission recommendations, slightly higher than the Rs, 15,000 crore you suggest (three times the Rs, 5,000 figure just for the Railways). Let us take the higher figure of Rs, 20,000 crores in US dollar terms: it is about $5 billion. But to put this in perspective, the Adani brothers made nearly $8 billion dollars on the BSE on November 27, 2007. If this is the scale of private sector wealth increases for two individuals, then even a figure of Rs. 20,000 crores for the fiscal hit taken by the Government for about 6 million employees and retirees - is paltry, and easily affordable.Anonymousnoreply@blogger.com