Prouder, but poorer Bangaloorian… 2 October 2007
The central government has accorded A1 class status to Bangalore. This has made me prouder. The basic qualification for a city to be conferred as A1 class is that its population must be more than 50 lacs. As a consequence of this development, salaries of government employees will increase. As a domino effect, there will be pressure on private companies from their employees for higher salaries. More money in circulation may increase the cost of living in the city. That means that while Bangaloorians may become prouder, they may at the same time become poorer.. Not a nice thought !!!
The not-so-nice-thought was tempered by the statement of Dr. Y. V. Reddy, the governer of Reserve Bank of India, who said: `we are working towards an ideal rate of inflation of just 3 percent’.
While on the matters of money, I wish I were in the advertising circuit. Vodofone is spending Rupees One hundred crores for the Hutch-to-Vodofine rebranding exercise. Not all people are lucky to be at the right place at the right time !!!
Gopal
…..keying in is better than idling
