Such a depressing title, that didn't even want to spoil my day, watching this. What next? License Raj? That entitlement can be used for healthcare and pensions of a lot of poor in the country. Enough of pampering the few babus, who are just chilling out after retirement. Many private employees, start their own companies even after retirement, and create jobs. Recently, China increased retirement age. India should also do this.
that's why i left a high paying SDE job at an MNC for a clerical job in central govt. State govt's 70 perc budget is only for salary , pensio and interest.
Old pension scheme is terrible from financial perspective for the country. This Unified pension scheme is still very dangerous, defined benifit plans are too complex, expensive and countries like USA are not giving it either. The problem is that its very hard to calculate the amounts , required, the duration of work, and life expectancy and so on. All these massively change and will leave you more often then not with less money than required making the government once again fund this out of tax payers pocket. Also the calculation and others could be gamed to hide bad governance by "borrowing against the pension" or "lending to the pension". This could essentially allow cooking the books, or window dressing. Bad year due to bad policies no issues! Just borrow from the pension forcing the next government to give back extra. Its much better to have the market linked NPS scheme.
Reinstated old pension scheme will kill the 'atma' of India economy since it'll permanently damage financial prudence. Knowledgeable and learned people need to start awareness campaigns regarding this and nip this poisonous ivy in the bud. It is not only the economists who should be raising this issue, ordinary people from all walks of life should develop awareness about the topic and start talking publicly.
The old guard of government employees will not spare anything if anything goes against their personal belief. His anger against Sebi chairman is only because she is from private sector. They hate hard working private employee .
😂😂 so we hardworking Pvt employees won’t get anything for our work 😢😢 but we must pay for Babu who sleeps all services😂……when will taxpayers wake I never know😂
My wife is a Govt Employee who has 15 years of private experience as per her experience Govt employees are looting the common man. An art graduate with no relevance in real world is being paid more than 1-1.5 lac per month just for some basic paper work. Although Govt is trying its best to improve the services but the whole system and employees are literally deadweight not even willing to do the bare minimum. Hard working private employees are taxed like first world countries even when they don't have job security while a lazy Govt employee get liftime income assurance and bare minimum tax. To top all that common man thinks Govt jobs are better for the nation🤣
@@deepakthirdreich ask any so called Govt Job aspirants why govt job? answer always was Stability…No work at all…Laal batti….Corruption….I was always shocked but because of Indian socialist past they think they are still holding the license Raj…..but taxpayers must wake up and destroy the Govt guys hold on us…They make regulations in such a way they can take bribe from us….with the kind of technology available they must have destroyed lion back…The guy who brought digital revolution through AADHAR UPI DIGI LOCKER ONDC nadan Nilekani explains how these govt guys used to fund NGOs and tried to destroy his work on all those digital goods by saying privacy…caste discrimination (because he is private hire so lateral entry )….But stood and deliver…so now govt employee less money to loot…yet they still have enough
@@sandeepkumarpatidar3719 I am also from general category and IIT M graduate working as a software engineer with Myntra and paying 18lakhs per year as Income tax…..So aukat tumhara kya bey….My IIT jee Rank is 184….I have never got a single scholarship and no help from any govt…In IIT too when I was studying no scholarship for poor general….So don’t cry…Even after paying 18lak per annum Tax…I will get 0 pension guarantee from govt…so why would I have to pay for a Rich Govt officer when I can ask govt to give basic amenities for countries poor instead of already rich Govt Babus (who does 0 useful job and 99% corrupt)
@@sandeepkumarpatidar3719 1 Naukri ke chakkar mein 1000 taiyaari kar kar ke barbaad ho rahe hain. Tumhari naukri wala ek department bata de jo sahi kaam kar raha ho. Police, Govt School, PWD, Electricity board sab barbaad kar rakhe hain Govt employees ne
It is a real pleasure to listen to such a well analysed and proper unbiased presentation of facts. Print must be congratulated for bringing such eminent persons on board and giving us the opportunity as to what is really happening in Government.
Why this old, left leaning pseudo analysts are having a comment on productivity, efficiency improving topics. Old pension scheme sure will destroy our financial health
They are just the messengers. Let's focus on old pension for now. Under NPS the expense on sakari mulizimo ki pensions would be close 0% of revenue expense. Lets see where it is at this moment while catering to OPS retirees(hired before 2004)? For punjab it is 23% percent of 2024 25 (budget estimate) and for bihar it is 14% for 2024-25 (BE) . Keep sleeping on it while your favourite political parties are bringing OPS in state after state, while squeezing the common man for minimizing the budget deficit.
In cabinet briefing by Ashwini vaishnav he talked about minimum pension of 10000 at 10 year of service in which he added that an employee would effectively get 15000 as the prevailing dearness relief rate
Based on the way Mr Garg is answering, you would think he was the finance secretary for years. Looks like he was finance secretary for a few months in 2019. This is his 15 minutes of fame... Enjoy
What’s surprising , the Nehru Gandhi descendants motive is to maintain India in a economic wilderness as it would easy for them to retain power and continue loot , a vicious cycle loot👉🏽fund elections 👉🏽 win 👉🏽 loot
What he says except for Buch is totally correct. Capex earlier was directed into PSU capex but now into more public resources like roads, rail & metro. In railways, they've tried to grow freight at the cost of passengers by deliberately lowering general passenger coaches. Freight revenue is picking up but will go higher as the final stretches of DFCs are finished. BSNL & MTNL should be disbanded full support. Regarding UPS, since the employee contribution is defined and upfront, actuarial analysis can determine beforehand on govt contribution. Currently, it's not much of a regression and additional amount will be marginal. But like SCH said, if govt relaxes or appeases govt employees further and indexes DA also or increases basic pay by adding DA when 50% then it'll be a disaster. Hopefully, there's bipartisan consensus now.
I strongly recommend that Govt. should ease out senior bureaucrats before retirement so that they come clean to media on “ fudging” tactics used by them in colouring Budgets. Second even if assuming that actual capital allocation is only marginally high @ 5% , since fudging is an eternal issue ( more so under PC when he kept food subsidy & petroleum increase outside budget by “ creative accounting” ) NDA can take credit for the extent of capital allocation in absolute terms which is far higher than under UPA rule . Moreover Deficit is kept below the parameters is an additional plus factor. Look at budget holistically - otherwise it is an “ Elephant” story.
Old pension for oldies who retired with less salary which can’t cover inflation. New pension for those retiring with high salaries for those retired 2020 onwards.
2 R's any political party can't touch 1) Reservation, its the biggest source of employment for a lot of unskilled literate graduate 2) Railway privatization- same as above reason
Passanger transport redution in railway is very good news... Because railway looses money in transporting passanger and makes money in transporting goods... We have to increase freight transport...
@@harishp6627 What is the basic job of a govt of a nation? To provide for the citizens of the country. A good govt will not let any citizen die of hunger, will stop polio etc sickness to protect the citizens, educate those who can't afford to study, govt will ensure citizen's savings are protected & safe etc
@@karumuripradeepBanks don't carry money. Farmers are not farmers. Manipur is safe & happy. There was no paper leak, nor rail accidents. China didn't come to Galwan.
kisi news mae dam nahi hai figure number bole kitna paisa milta hai sirf % no. mat boliye kyuki percentage aakadae jhut hai pahle total no. figure dikhane ki himmat kare bank ka paisa kaha gaya kitna mila businessman politician expose karne ki himmat nispaksh dikhaye no bhedbhav
I hope in the future, Govt has to take loans to pay to Corporate private Railways, for moving tanks & equipments, the next time chinese troops threaten our borders. Give ports & airports, rail & energy to Company A1 & A2, as they are suffering, with crores of tax breaks & write offs. Govt is wasting tax money on govt jobs like rail workers, who have less work. Those in power in the centre, should place orders for more imported cars from Germany. And please increase income taxes, middle class are still not becoming beggars.
All this talk about "richest persons" is misleading. They don't have billions in their bank account. It is the wealth of their companies, based on stock valuations. If they sell that stock to realise that money, then the selling pressure, will cause share price to drop, and they will only get 60% of the share value. The important thing, is they create a lot of jobs, direct and indirect, in proportion to that wealth. And they are not getting any tax money from the govt to create all this. Instead of giving more tax money to retired babus, who are not working, just take care of marriage and education expenses upto a limit. That will be more beneficial.
Give ports & airports, rail & energy to Company A1 & A2, as they are suffering, with crores of tax breaks & write offs. Govt is wasting tax money on govt jobs like rail workers, who have less work. Those in power in the centre, should place orders for more imported cars from Germany. And please increase income taxes, middle class are still not becoming beggars.
😂😂😂😂😂😂 Old Pension scheme will be back !!!!😂😂😂😂😂 Yesss,,,Sure!!! Sir,,,From Which University you have got your UG or PG in economics?????? Hence it's proved that Understanding economics is not a matter of cup of tea,,,, Specially by a misled so called Economist 😂😂😂😂😂😂
Which university did you go to? What is your qualification? Where do you work? Can you care to enlighten us why old pension scheme is bad if you think so?
@@amarsinghhembram4379 I am a Masters in Political science from Guwahati University,Assam..I am a teacher and I think I have the ability to raise question regarding your analysis about Economy....Yessss Old Pension is Bad,,, because it hampers the national income of the Country and gives Undue pressure on Economy to supress the people specially those who are engaged in the private sector....
@@anujsethi7845 So What??? He has served in the Finance Department???? RBI Governor Shaktikant Das also served as a Finance and Revenue Secretary......Then why so called third Class Economists raise question about his ability to run the RBI????
Not my analysis of economy mister. The way you wrote your first comment with emoticons and no clear explanation, only blatant exclamation, I felt you must be some economist from the Scottish Enlightenment era. So I asked for your credibility to see if it justifies your position to opine in such a manner and confidence. I have seen many IT cell employees comment the way you wrote your first comment. No proper reasons only emojis.
Such a depressing title, that didn't even want to spoil my day, watching this.
What next? License Raj? That entitlement can be used for healthcare and pensions of a lot of poor in the country. Enough of pampering the few babus, who are just chilling out after retirement. Many private employees, start their own companies even after retirement, and create jobs.
Recently, China increased retirement age. India should also do this.
that's why i left a high paying SDE job at an MNC for a clerical job in central govt. State govt's 70 perc budget is only for salary , pensio and interest.
Old pension scheme is terrible from financial perspective for the country. This Unified pension scheme is still very dangerous, defined benifit plans are too complex, expensive and countries like USA are not giving it either.
The problem is that its very hard to calculate the amounts , required, the duration of work, and life expectancy and so on. All these massively change and will leave you more often then not with less money than required making the government once again fund this out of tax payers pocket.
Also the calculation and others could be gamed to hide bad governance by "borrowing against the pension" or "lending to the pension". This could essentially allow cooking the books, or window dressing. Bad year due to bad policies no issues! Just borrow from the pension forcing the next government to give back extra.
Its much better to have the market linked NPS scheme.
Reinstated old pension scheme will kill the 'atma' of India economy since it'll permanently damage financial prudence. Knowledgeable and learned people need to start awareness campaigns regarding this and nip this poisonous ivy in the bud. It is not only the economists who should be raising this issue, ordinary people from all walks of life should develop awareness about the topic and start talking publicly.
The old guard of government employees will not spare anything if anything goes against their personal belief. His anger against Sebi chairman is only because she is from private sector. They hate hard working private employee .
That’s correct. Many of these folks would be richer than Buch family and may not be paying tax
The way Subhash Garg is looking at and smiling at TCA Sharad, while he is introducing him, is really creepy man! 😂😂
Where should he look at then?
@@AjitJoshi686 Did you know him?
😂😂 so we hardworking Pvt employees won’t get anything for our work 😢😢 but we must pay for Babu who sleeps all services😂……when will taxpayers wake I never know😂
My wife is a Govt Employee who has 15 years of private experience as per her experience Govt employees are looting the common man. An art graduate with no relevance in real world is being paid more than 1-1.5 lac per month just for some basic paper work. Although Govt is trying its best to improve the services but the whole system and employees are literally deadweight not even willing to do the bare minimum. Hard working private employees are taxed like first world countries even when they don't have job security while a lazy Govt employee get liftime income assurance and bare minimum tax. To top all that common man thinks Govt jobs are better for the nation🤣
@@deepakthirdreich ask any so called Govt Job aspirants why govt job? answer always was Stability…No work at all…Laal batti….Corruption….I was always shocked but because of Indian socialist past they think they are still holding the license Raj…..but taxpayers must wake up and destroy the Govt guys hold on us…They make regulations in such a way they can take bribe from us….with the kind of technology available they must have destroyed lion back…The guy who brought digital revolution through AADHAR UPI DIGI LOCKER ONDC nadan Nilekani explains how these govt guys used to fund NGOs and tried to destroy his work on all those digital goods by saying privacy…caste discrimination (because he is private hire so lateral entry )….But stood and deliver…so now govt employee less money to loot…yet they still have enough
औकात नहीं हो एग्जाम क्लियर करके वैकेंसी फाइट करने की तो ऐसा ही लगता है
99% Lana padta hai general ko tab job milti hai varna Pvt dhakke Khao
@@sandeepkumarpatidar3719 I am also from general category and IIT M graduate working as a software engineer with Myntra and paying 18lakhs per year as Income tax…..So aukat tumhara kya bey….My IIT jee Rank is 184….I have never got a single scholarship and no help from any govt…In IIT too when I was studying no scholarship for poor general….So don’t cry…Even after paying 18lak per annum Tax…I will get 0 pension guarantee from govt…so why would I have to pay for a Rich Govt officer when I can ask govt to give basic amenities for countries poor instead of already rich Govt Babus (who does 0 useful job and 99% corrupt)
@@sandeepkumarpatidar3719 1 Naukri ke chakkar mein 1000 taiyaari kar kar ke barbaad ho rahe hain. Tumhari naukri wala ek department bata de jo sahi kaam kar raha ho. Police, Govt School, PWD, Electricity board sab barbaad kar rakhe hain Govt employees ne
Dear Raghavan,
I regularly read your articles in "The Print". I thought that you must be 40+. A pleasant surprise watching you.
Old pension scheme will destroy
Why should common people get decent jobs. Rather limited but vocal govt employees should get unlimited pension.
@@AjitJoshi686 govt employees deserve good salaries as well but not unlimited pensions
@@AjitJoshi686why should govt employees get un@imited pension
Govt job benefit is only pention. Orivate job is 3 time better salaries than govt job @@akashghosh2808
It is a real pleasure to listen to such a well analysed and proper unbiased presentation of facts.
Print must be congratulated for bringing such eminent persons on board and giving us the opportunity as to what is really happening in Government.
Why this old, left leaning pseudo analysts are having a comment on productivity, efficiency improving topics. Old pension scheme sure will destroy our financial health
They are just the messengers. Let's focus on old pension for now. Under NPS the expense on sakari mulizimo ki pensions would be close 0% of revenue expense. Lets see where it is at this moment while catering to OPS retirees(hired before 2004)? For punjab it is 23% percent of 2024 25 (budget estimate) and for bihar it is 14% for 2024-25 (BE) . Keep sleeping on it while your favourite political parties are bringing OPS in state after state, while squeezing the common man for minimizing the budget deficit.
In cabinet briefing by Ashwini vaishnav he talked about minimum pension of 10000 at 10 year of service in which he added that an employee would effectively get 15000 as the prevailing dearness relief rate
Based on the way Mr Garg is answering, you would think he was the finance secretary for years. Looks like he was finance secretary for a few months in 2019. This is his 15 minutes of fame... Enjoy
OPS coming back is depressing.
Democracy has its pros and cons. OPS is definitely a Con and you know why BJP is on the backfoot.
The Common Man will bear the burden
@@amarjittalukdar1967 i don't think so, i 30 years govt at that time will decide we can't pay for this and cut pensions.
Abolish income tax,,,then trade union mafiya shall pay 60% income tax go for old foolish pension. Not at the cost of people
Priyanka Gandhi likes the old pension scheme. Rahul also. Then that’s what will happen in 2029
What’s surprising , the Nehru Gandhi descendants motive is to maintain India in a economic wilderness as it would easy for them to retain power and continue loot , a vicious cycle loot👉🏽fund elections 👉🏽 win 👉🏽 loot
Are they your landlords?
@@rajx7120 The Indians who vote for them consider so.
@@ananthaharijith1965 Yeah. Seems so.
What he says except for Buch is totally correct. Capex earlier was directed into PSU capex but now into more public resources like roads, rail & metro. In railways, they've tried to grow freight at the cost of passengers by deliberately lowering general passenger coaches. Freight revenue is picking up but will go higher as the final stretches of DFCs are finished. BSNL & MTNL should be disbanded full support. Regarding UPS, since the employee contribution is defined and upfront, actuarial analysis can determine beforehand on govt contribution. Currently, it's not much of a regression and additional amount will be marginal. But like SCH said, if govt relaxes or appeases govt employees further and indexes DA also or increases basic pay by adding DA when 50% then it'll be a disaster. Hopefully, there's bipartisan consensus now.
I strongly recommend that Govt. should ease out senior bureaucrats before retirement so that they come clean to media on “ fudging” tactics used by them in colouring Budgets.
Second even if assuming that actual capital allocation is only marginally high @ 5% , since fudging is an eternal issue ( more so under PC when he kept food subsidy & petroleum increase outside budget by “ creative accounting” ) NDA can take credit for the extent of capital allocation in absolute terms which is far higher than under UPA rule .
Moreover Deficit is kept below the parameters is an additional plus factor.
Look at budget holistically - otherwise it is an “ Elephant” story.
Old pension for oldies who retired with less salary which can’t cover inflation.
New pension for those retiring with high salaries for those retired 2020 onwards.
2 R's any political party can't touch
1) Reservation, its the biggest source of employment for a lot of unskilled literate graduate
2) Railway privatization- same as above reason
This guy was a horrible secretary, was shunted for his incompetence, and is trying to get back at the government.
Passanger transport redution in railway is very good news... Because railway looses money in transporting passanger and makes money in transporting goods... We have to increase freight transport...
Corporation 'A', who has created far far fewer jobs than any one company, Amul/TATA/any major bank
@@xxyz2023 why should government run banks is a fundamental question.
@@harishp6627 What is the basic job of a govt of a nation? To provide for the citizens of the country. A good govt will not let any citizen die of hunger, will stop polio etc sickness to protect the citizens, educate those who can't afford to study, govt will ensure citizen's savings are protected & safe etc
Can anyone tell as to why hindenburg report as gospel truth?
This fellow was kicked out by Nirmala Sitaraman. Hence he has a grouse against Modi Government.
Both Buch & SEBI are utterly compromised!! Jai Modi's 'corruption-free nation'!!🤣🤣🤣🤣
The services of railways are pathetic.
Was he FS during Chidambaram’ time
Railways don't only carry passengers.
From where do they bring such idiots..
He mentioned that after few minutes pls listen.
Disagree don’t abuse.
@@karumuripradeepBanks don't carry money. Farmers are not farmers. Manipur is safe & happy. There was no paper leak, nor rail accidents. China didn't come to Galwan.
kisi media dam hai indian express ki tarah sare politican burecrats and businessman black money figure expose karke dikhaye
Even today, armed forces pay to railway!!
Horrible fellow
Ticket nahi milta
How passengers dowm
Kuch bhi😅😅😅😅😅
This fellow is a frustrated. All he does is criticise not on merit but because he is out. Simple.
kisi news mae dam nahi hai figure number bole kitna paisa milta hai sirf % no. mat boliye kyuki percentage aakadae jhut hai pahle total no. figure dikhane ki himmat kare bank ka paisa kaha gaya kitna mila businessman politician expose karne ki himmat nispaksh dikhaye no bhedbhav
What a Hypocrite . Why does he shifts to NPS if it's so good
this fella is expert on military matters ?
has he held a gun in all his life?
Did Chanakya ever hold a sword in history?
@@amarsinghhembram4379Garg is no chanakya.
He probably thinks, giving khatakhat cash to Chinese soldiers will work better than spending on good equipment. 😂😂😂
Hera pheri
mdi jia hotel malik food startup ed raid kariye vah paisa bahoat ja raha hai
If Adani and Ambani can became the the richest persons on earth, why can't Government of India give OPS to her employees who make this country great?
Was that sarcasm?
I hope in the future, Govt has to take loans to pay to Corporate private Railways, for moving tanks & equipments, the next time chinese troops threaten our borders. Give ports & airports, rail & energy to Company A1 & A2, as they are suffering, with crores of tax breaks & write offs. Govt is wasting tax money on govt jobs like rail workers, who have less work. Those in power in the centre, should place orders for more imported cars from Germany. And please increase income taxes, middle class are still not becoming beggars.
All this talk about "richest persons" is misleading. They don't have billions in their bank account.
It is the wealth of their companies, based on stock valuations. If they sell that stock to realise that money, then the selling pressure, will cause share price to drop, and they will only get 60% of the share value.
The important thing, is they create a lot of jobs, direct and indirect, in proportion to that wealth.
And they are not getting any tax money from the govt to create all this.
Instead of giving more tax money to retired babus, who are not working, just take care of marriage and education expenses upto a limit. That will be more beneficial.
Give ports & airports, rail & energy to Company A1 & A2, as they are suffering, with crores of tax breaks & write offs. Govt is wasting tax money on govt jobs like rail workers, who have less work. Those in power in the centre, should place orders for more imported cars from Germany. And please increase income taxes, middle class are still not becoming beggars.
😂😂😂😂😂😂 Old Pension scheme will be back !!!!😂😂😂😂😂 Yesss,,,Sure!!! Sir,,,From Which University you have got your UG or PG in economics??????
Hence it's proved that Understanding economics is not a matter of cup of tea,,,, Specially by a misled so called Economist 😂😂😂😂😂😂
He has served in the ministry of finance.
So what is your experience?
Which university did you go to? What is your qualification? Where do you work? Can you care to enlighten us why old pension scheme is bad if you think so?
@@amarsinghhembram4379 I am a Masters in Political science from Guwahati University,Assam..I am a teacher and I think I have the ability to raise question regarding your analysis about Economy....Yessss Old Pension is Bad,,, because it hampers the national income of the Country and gives Undue pressure on Economy to supress the people specially those who are engaged in the private sector....
@@anujsethi7845 So What??? He has served in the Finance Department???? RBI Governor Shaktikant Das also served as a Finance and Revenue Secretary......Then why so called third Class Economists raise question about his ability to run the RBI????
Not my analysis of economy mister. The way you wrote your first comment with emoticons and no clear explanation, only blatant exclamation, I felt you must be some economist from the Scottish Enlightenment era. So I asked for your credibility to see if it justifies your position to opine in such a manner and confidence. I have seen many IT cell employees comment the way you wrote your first comment. No proper reasons only emojis.