Why Central Govt Employees Who Fail In Their Duties Are Paid More AND Bank Employees Are Denied?

WHERE DO WE STAND VIS-À-VIS CENTRAL GOVERNMENT STAFF?

Unfortunately, our own comrades cite the mounting NPAs and the consequential lower profits as the valid reason for the inability of the banks to pay more to their staff. I give hereunder certain statistics to refute the above argument and to buttress my case.
Fiscal Deficit:​

http://www.moneycontrol.com/news/features/indias-deficit-test-doable-after-all_1269703.html

http://www.financialexpress.com/article/economy/fiscal-deficit-in-apr-nov-touches-99-pc-of-budget-estimate/24959/

http://www.financialexpress.com/article/economy/fiscal-deficit-in-april-november-hits-99-of-budget-estimate/24978/

As per this, the fiscal deficit of the country at the end of November, 2014 was Rs.5,25,134 crores (for 8 months period). At the end of March, 2015, it is expected to cross Rs.6,79,272 crores or 5.24% of GDP (if GDP falls short of the target, then in percentage terms, the fiscal deficit may touch 5.36%). It may be recalled that the Budget Estimate of Fiscal Deficit for 2014-15 was Rs.531,177 crores.

Revenue Deficit:

http://www.financialexpress.com/article/economy/fiscal-deficit-in-april-november-hits-99-of-budget-estimate/24978/

The data showed that the revenue deficit during the period of first 8 months of 2014-15 was Rs.411,075 crores or 108.6% of the BE. At the end of March, 2015, the revenue deficit may touch Rs.6,16,612 crores, as against the budget estimate of Rs.373,848 crores.
Taxes unrecovered:

http://www.business-standard.com/article/economy-policy/rs-2-lakh-crore-tax-dues-cannot-be-recovered-113042900444_1.html

It is officially reported that Rs.5,86,002 crores of taxes are yet to be recovered and a substantial portion of them is locked up in disputes. Nearly, 5% of them are irrecoverable too, because the assessees are not traceable.

In the above backdrop, central government employees earn 40% higher salaries than bankers and enjoy much better service conditions and living conditions. Thus it is clear that there is no correlation between the financial health of an organization and its paying capacity.

Now, you tell me. Don’t bank staff who shoulder greater risks and responsibilities deserve a hike of not less than 50% in their salaries?
Or at least parity with central government staff in salaries and all other service conditions?

Date: 16-01-2015 pannvalan