Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, June 26, 2019 02:56:35 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Commentary

Not counting on people's vote govt is too generous to public servants

By
11th-Oct-2018       
Comments
Share your thought
Post a comment »
Read all () »

Editorial Desk :
A secretary-level committee formed in May 2017 to review the pay scale finalised the recommendations that would allow the government to introduce salary hike for the public officers and employees once in a year instead of every five years in the previous system. At present, about two million public officials and employees are receiving salaries as per the 8th pay scale introduced in 2016 that replaced the seventh pay scale approved in 2010.
The government had decided to provide medical and festival allowances to the spouse and disabled children of retired civil servants, after their death, even if they have withdrawn 100% of their pension. As per the decision, they are getting the benefits from February 1, 2016.
According to the Finance Division's notification, the widow or widower and disabled children of the employees will get life-long medical treatment and two festival allowances annually. The elderly husband will receive a monthly medical allowance and two festival allowances annually for a maximum of 15 years from the date of the pension withdrawal, the notification said.
Even those who have retired long ago were also pleased by additional pension benefits. This is most unusual only shows how bold the government has become in using public money for creating a bunch of submissive public servants.  
Finance division has allocated Tk 53,833 core in the current fiscal for the payment of salaries and allowances from Tk 49,751 crore in 2016-17. It has also calculated 20 percent pay rise annually following introduction of the automatic salary adjustment formula against the backdrop of 17 percent rise in the size of the national budget in recent years. The last national pay commission headed by former Bangladesh Bank governor Mohammad Farashuddin recommended increasing salaries by 5 to 8 per cent each year.
Would it be acceptable that the budget would have to increase spending by 20 percent annually just to keep the incomes of civil servants in line with inflation? This is in a time when the private investment to GDP ratio is 23 percent. To raise it by 1 percentage point, Tk 25,000 crore needs to be invested in a year. But the government refuses to cut corporate tax rates by less than 2.5 percent, making Bangladesh corporate tax rates one of the highest in the world -- and well below our regional neighbours average.
We can use the example of robbing Peter to pay Paul to illustrate this -- but in this case robbing Peter will neither increase our capacity for growth or for increased levels of employment, both of which we desperately need. It is the private sector which is the main engine for economic growth.
Meanwhile the government has imposed new taxes on E-commerce, small flats, and even ride sharing services. Has it done anything to improve private sector salaries -- unlike the public sector, private sector workers are dependent upon the goodwill of their corporate bosses to get salary increases. Why should roughly 2 million out of our total labour force of over 60 million get inflation indexed pensions -- what was the fault of the rest?
While the middle class are squeezed the banks are given leeway to go on lending money to out robber barons -- who are quite incapable of creating sustained levels of employment anywhere. Meanwhile our spending on healthcare and education are nowhere close enough to providing quality services -- this is essential as a lot of our high and middle end management are people from other SAARC countries who are working and enjoying high salaries in our country.
Over 60 percent of our deficit is financed through national savings -- no wonder that the interest payments are the fourth highest allocations in our recent budgets. If we were creating quality infrastructure it is one thing -- but we are messing up simple projects like the Bus Rapid Transit by inserting flyovers -- which will help the tiny rich percentage who own cars, while not giving a damn about those who use buses. This is not infrastructural development for the masses -- it is infrastructural development for a small elite class. Just like the salaries indexed to inflation -- it will help only a tiny few. This can't be the way to economically manage a nation.

Tariff
Add Rate

News Archive

Inside The New Nation

Cricket »

Shakib now eying to beat India


Bangladesh ace all-rounder Shakib Al Hasan knows, beating an inform India will be a tough proposition but he refuses to give up hopes, saying that they would come all guns blazing against the sub-continent giants when they take them on July 2 at Birmingham.After reviving the side's semifinal hope, beating ...

International »

Venezuela's former spy chief says Maduro could yet fall


AFP :Venezuela's former intelligence chief, Cristopher Figuera, who fled the country after backing a failed uprising against President Nicolas Maduro in April, has told the Washington Post the regime could still fall."I'm proud of what I did," he said in an interview published online late Monday. "For now, the regime ...

International »

Russian, North American astronauts return to earth


AFP :The first crew to blast off to the International Space Station following a launch accident that deepened doubts over Russia's space programme returned to earth safely on Tuesday.NASA astronaut Anne McClain, veteran cosmonaut Oleg Kononenko of Roscosmos, and Canadian Space Agency record-holder David Saint-Jacques emerged from the space craft ...

Editorial »

Food adulteration business must stop


RESEARCHERS at Dhaka University on Tuesday said all the samples of milk products; edible oils and spices they tested were substandard. According to newspaper reports, they have found traces of detergent in pasteurised milk produced by five companies -- Pran, Milk Vita, Igloo, Aarong, and Farm Fresh. The DU researchers ...

Entertainment »

Mimi`s heartwarming wish for newly-wed Nusrat


No wonder Nusrat Jahan and Nikhil Jain's destination wedding in the picturesque town of Bodrum in Turkey became the talk of the town over the last two weeks. Tolly actress and newly elected MP Nusrat got hitched to Kolkata-based businessman Nikhil Jain on June 19. It was a cosy family ...

Editorial »

Train accident: Responsible persons must be punished


AT least five people, including three women, were killed and more than 100 injured as the Upaban Express -- a passenger train heading to the capital from Sylhet -- derailed on a bridge in Moulvibazar on Sunday night. One of the carriages of it fell into a canal while two ...

Entertainment »

Shirin Shila`s Lady Action


Sheikh Arif Bulbon :With the inspiration and assistance from noted film actress Rasheda Chowdhury Shirin Shila started her journey in film industry. Before starting acting in big screen Shila acted with Rasheda Chowdhury in a drama. Basically Rasheda Chowdhury inspired Shila to work in movie. Once she also introduced Shila ...

Cricket »

Shakib first Bangladeshi batsman to complete 1000 WC runs


Talismanic all-rounder Shakib Al Hasan became the first Bangladeshi batsman to complete 1000 runs in the World Cup during the match against Afghanistan at the Rose Bowl in Southampton on Monday.Starting the match with 965 runs and 35 runs shy of achieve the feat, Shakib flicked pace bowler Dawlat Zadran ...

International »

Saudi women use wedding contracts to assert right to drive


AFP, Dammam :Saudi salesman Majd had just begun his wedding preparations when his fiancee sought to enshrine in their marriage contract a condition already guaranteed by law-her right to drive.Wedding contracts have long been a safety net for brides in the deeply patriarchal society, used to guarantee demands that are ...

International »

Iran denies US cyber attack ahead of new sanctions


AFP  :Iran denied Monday it was hit by a US cyber attack as Washington was due to tighten sanctions on Tehran in a standoff sparked by the US withdrawal from a nuclear deal.Both nations say they want to avoid going to war, but tensions have spiralled as a series of ...

City »

Chief of Army Staff General Aziz Ahmed inaugurated a building of Baridhara Scholars International School and College in the city on Monday.


Cricket »

No six pack but Malinga still a big-game hunter: Mahela Jayawardene


Former Sri Lanka captain Mahela Jayawardene praised Lasith Malinga for his ability to step up in big games after the paceman inspired his country's shock World Cup win over England.Malinga returned figures of four for 43 to help Sri Lanka dismiss England for 212 as they stunningly beat the hosts ...

Editorial »

Banks must strengthen security systems to counter cyber heists


NEWS media reported that transnational scammers in May attacked three Bangladeshi commercial banks' networks and stole around Tk 25 crore from Dutch Bangla Bank Limited (DBBL) while two other banks — NCC Bank and Prime Bank — claimed they however managed to avert financial losses.Intelligence agencies said hackers planted malware ...

International »

UK's Boris Johnson under pressure to explain domestic 'row'


Boris Johnson, the strong favourite to become Britain's next prime minister, came under pressure from figures in his own party on Sunday to explain reports of a domestic 'row' that led to a police visit.Although still heavily backed to beat Jeremy Hunt to become Conservative Party leader, and therefore prime ...

International »

North Korean leader receives 'excellent' letter from Trump: KCNA


AFP, Seoul :North Korean leader Kim Jong Un received a personal letter of "excellent content" from US President Donald Trump, the country's state media said Sunday, amid a nuclear deadlock between Pyongyang and Washington.Talks have been stalled since the collapse of a second summit between Kim and Trump in Hanoi ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news