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Dear Readers,

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Saturday, February 28, 2015

Note to Friends in Banking Industry.

Dear friends,

Thank you for your understanding in accepting a very small hike in your wages.  Unfortunately our own government employees do not have the same grace and understanding and will insist on their pound of flesh in the seventh pay commission.  So please continue to pay income tax as you have been paying so that we can meet the demands from these stubborn bargainers. Though it took lot of efforts, we have totally desisted from increasing the tax rates and since your income is not increasing in any significant way, the impact on you will be minimal.  Only fellows like Chanda Kochhar who have grossly inflated salaries beyond 1 cr p.a. will feel a little pinch.

Enjoy the good days that are already upon you.  And thank you again for your understanding.

FM, GOI

PS - You know how utterly boisterous are these big guns who own companies.  I had no option but to grant them some concession. Don't mind it too much please.

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