Want To Know Richest Indian’s Salary?


 

we all are aware that most of the CEOs and Celebrities across the world earn big bucks. And at the same time, we as common people are keen to know about how much do these celebrities earn.

When we think about India’s richest people, the first name that strikes our mind is none other than Mukesh Ambani, the business czar.

In the coming days, it will be more interesting to know how this business magnet earns and saves annually. According to the annual report of the company Mukesh Ambani has kept his salary unchanged from fiscal year 2008, at 15 Crore.

Previously Ambani was getting almost up to 24 crore as his salary, through which he gained a lot of media attention. This was the time when Prime Minister Manmohan Singh put a cap on CEOs salaries, in a meeting of business leaders in 2007. Perhaps, in the year 2008, Ambani capped compensation of 15 crore.

Taking responsibility of the throne:

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The Indira Gandhi administration offered private sectors to manufacture PFY (polyester filament yarn) in 1980. Despite many competitors like Tata and Birla, the license was sanctioned only to Dhirubhai’s Company.

This became the stepping stone for Mukesh Ambani to join hands with his father, when Dhirubhai Ambani pulled him out of Stanford University where he was pursuing his MBA to look after their new chain of business, the “PFY plant”. This ultimately led him drop his studies in the year 1981.

From then on, it was just not easy for Mukesh to reach the success ladder. Since, he was the son of well known business magnet, at every step he was compared to his father.

His journey as a Chairman:

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In the year 2002, Mukesh Ambani took over as the chairman of the Reliance Group after the death of his father and became the founder of the company “Reliance Industries”.

It has been more than decade now; Mukesh Ambani has taken over reliance. While he has taking over as the chairman of the company he said that his father will be present in all his thoughts and actions. He went on to say that he will be measuring every action by the yardstick of his expectations.

Dhirubhai Ambani built the company from scratch to India’s first private sector global company. The task of the present CEO’s Mukesh and Anil is to strengthen the position to transform it and to ensure its growth.

It was not easy for Mukesh to reach success as there was significant pressure on RIL’s profitability. It was very clear that the net worth of the company between the year 2007 and 08 as well as from the year 2011-12 did not rise more than 3 percent over the period.

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Arun Kejriwal, director of Kejriwal Research and Investment Services, who has followed Reliance India’s growth closely, says that “Barring other income, net profit growth may even have been negative. RIL’s businesses have gone through volatility due to macroeconomic conditions, and businesses in other parts of the globe have become more competitive.” But still during the decade Ambani has done it exceptionally well.

Infact, after Mukesh took over as the chairman, the company has grown both in size as well in the scale. Moreover the company has got new dimension and direction.

Today the company has established brilliantly where 75.67 percent of the profit is from petrochemicals, 48 percent for refining.

“There is a lot of confusion surrounding the company with respect to its future plans, its plans in retail, telecom and exploration and production are yet to bear fruit and nothing has really taken off in some of the areas in which it was betting big earlier like power and special economic zones.” said S.P. Tulsian, a stock analyst and long-time RIL tracker.

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Apart from this, there are about 23,166 to 23,519 employees working for RIL and in the year 2012-13 the company paid overall 5, 179 crore to its staffs as salary which was 3,955 crore in the previous years.

Recently the two Ambani brothers have decided to tie up after 3 long years as they have signed up for a new deal for infrastructure in telecom business soon.

Here is a glimpse of how his remuneration was split into different section between the year 2012 and 13. There was about 4.16 crore which was considered as his basic salary 60 lakh towards the allowances, 89 lakh as retiral benefits and 9.35 crore as commission.

Indian PM Spends a Whopping 642 Crore on Travel


Strong austerity measures are being taken up from time to time by the Central Government to deal with increasing inflation in the country. But on the other hand, a study of the travelling expenses of so many ministers shows that it does not correspond with the government’s measures of strictness. The Cabinet ministers, ministers of state and even Dr. Manmohan Singh, the Prime minister of India spent huge amounts on their domestic and overseas trips over the last few years.
This has raised questions by many sections of the society on the government’s policy to control expenditure and also inflation. Given here is the list of travelling expenditures incurred by the Ministers of India during the year 2004 to 2011, as reported by The Hindu.

Manmohan Singh

q8964E35 The Prime Minister of India, Manmohan Singh’s foreign trip by means of air travel has hugely affected the government’s funds as he has spent a whopping amount of 642 crore in the previous nine years.

The information on PM’s official visits gives an insight about the overall 67 travels undertaken by Dr. Singh since 2004 when his tenure as PM started. The bills of his 62 visits were received whereas the other five still remain a mystery.  Among all the visits of the Prime minister, the highest expenditure of 26.94 crore was incurred from his weeklong visit to Mexico and Brazil in 2012 for attending the G20 Summit and Rio +20 Summit. There is also an expense of 22.70 crore used up for travelling to attend the Nuclear Security Summit, BRIC Summit and IBSA Summit at Washington DC, and Brazil in 2010. All theis information is disclosed by the PMO as part of obligations under the compulsory proactive revelation clause of the Right to Information Act.

Montek Singh Ahluwalia

fE7D3IXY Montek Singh Ahluwalia has undertaken around 42 official trips and spent every ninth day abroad during his seven year tenure as the deputy chairman for Planning Commission. Between May and October 2011, Ahluwalia has cost the exchequer a daily average amount of 2.02 lakh. He also further made four international trips that cost around 36.40 lakh just for 18 nights. UK and the U.S. were the first few destinations for the deputy chairman’s official foreign trip in the year 2004 whereas the trip to Davos, Switzerland from January 24 to January 30 was his latest according to the information provided by the Planning Commission under the Right to Information Act (RTI).

The exact expenditure incurred by Ahluwalia is 2.34 crore which he has spent on these trips. According to the Commission, he has spent 11.68 lakh during his visit to U.S. and the UK during April 18-28, 2006.But this figures might not be the exact figures as the actual numbers might be much more.

Rahul Gandhi

NfZVpyLb Rahul Gandhi, the Congress vice-president whom everyone looks up to as the youth icon of India is one of those politicians of the country who spent in lakhs and crores for a trip in and around the country and abroad too.  His trip to Tamil Nadu in 2009 raised quite a few eyebrows as his three day visit is believed to add to a sum of around 1 crore, reported The Hindu.

The report also reveals that Gandhi who flew back to New Delhi in an eight-seater Falcon 2000 aircraft which belonged to the Mumbai-based Taj Air costed approximately 20.31 lakh for a oneway trip. On September 8, Gandhi was on a day-long whirlwind tour to southern districts and had used a Pawan Hans helicopter from Thiruvananthapuram after arriving there in the Beechcraft. The total cost incurred was around 15 lakh for all these trips.

Cabinet Ministers

S0q2xlBF Almost all the Cabinet Ministers of the UPA Government have successfully contributed its shares of spending from the government’s funds. This accounts to a whopping sum of 300 crore, especially spent from their foreign and domestic travels since the government came into existence.

During the period 2006 to 2009, a sum of around 271 crore was spent on overseas visits and a sum of more than 29 crore was spent on domestic travel by the cabinet ministers. In the data given by the Cabinet Secretariat shows that more than 137 crore was spent by the cabinet ministers on their overseas travels between the year 2006-07 and 2008-09 showing the highest amount (more than Rs 115 crore) in the period 2007-08 spent on such kind of trips. The data provides shocking information about the domestic travels of the ministers of cabinet. It ranks much more than that of the expenditure spent on the abroad trips. More than Rs 163 crore was lavishly thrown away by the cabinet ministers during their tenures.

Ministers of state

59S1haI6 The ministers of state of the central government of India are also among those who enjoy all the benefits a minister of a country should get which are much more than it is endowed to be.

Since  two years from its government formation in May 2009, the ministers are found to have at least 750 visits abroad. Of all these trips, the media are just aware of the only 260 trips which amount to over Rs 12 crore. In the year 2006 to 2009, the ministers of state had a travelling expenditure to foreign countries that are more that Rs 20 crore. An amount of more than 27 crore was used up just for travels expenses of the ministers of state for a trip within the country in the period 2006-07 to 2008-09.  It was in the year 2010, the Union government put up an austerity measure to check foreign trips by the ministers of state.

Uttarakhand flood: Over 1000 stuck in Badrinath, more than 3000 still missing


Till now, 1,04,687 persons have been evacuated from different places by road and air.

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The flood-ravaged Uttarakhand has reached its last leg of evacuation as over four thousadn are still missing and hundreds continue to be stranded.

Around 4,650 are still reported as missing in the devastating floods that have claimed 842 lives so far, official figures state.

Till now, 1,04,687 persons have been evacuated from different places by road and air.

Union Home Minister Sushil Kumar Shinde, who yesterday offered his condolences to all the brave hearts killed in the chopper crash, announced that the Centre would provide more funds to Uttarakhand for rehabilitation and restoration of infrastructure damaged by flash floods.

He said that priority would be given to evacuate the sick, old and disabled people, a large number of whom are stranded in the Badrinath area.

Shinde, who also reviewed rescue and relief operations, gave an assurance that IAF choppers will remain in the hill state for another 15 days and continue to provide support.

Chief of Army Staff, General Bikram Singh, yesterday said that the rescue operations would continue till the last person is evacuated.

“Our endeavour is to locate all our citizens, wherever they are, and get them out,” he told the media in Gauchar.

The Army Chief earlier held interaction with his officers and men.

Meanwhile, Union Rural Development Ministry has announced a special package under Indira Awas Yojana for Uttarakhand.

Union Rural Development Minister Jairam Ramesh in a letter written to Uttarakhand Chief Minister Vijay Bahuguna said his ministry has doubled the allocation of housing units by adding another 14 thousand.

Over one lakh people have been rescued in the last 14 days since floods and torrential rains ravaged Uttarakhand. But more than 1000 people still remain stranded in the holy town of Badrinath. Another 1800 are reported to be missing.

Developments on this big story:

* Weather conditions once again interrupted the crucial resuce operations in flood-hit Uttarakhand as intermittent rains in Kedarnath and Guptkashi hampered the process of clearing of debris and pulling out of bodies lying underneath.

* Adding to the problem, water level in Bhagirathi river is rising continuously, because of which as many as 70 families residing along the river banks had to be taken to safer places.

* Meanwhile, weather conditions in Joshimath improved which aided air rescue operations. Officials have said that improvement in the weather will help them evacuate all the stranded people in the area.

* The Indian Air Force (IAF) has started pulling out most of its aircraft from the area keeping some of it on standby at Dharasu and Gauchar.

* Even as people continue to remain stranded in the rain-hit state, the Army Chief assured that the armed forces will stay till all the people are rescued from the area. “We are getting information that there may still be some survivors in certain areas. But endeavour is to locate all our citizens, wherever they are, and get them out,” he told reporters in Gauchar.

 

* Connectivity is a major problem in the area as the massive floods have completely destroyed roads and foot tracks.

* Rs 195 crore-package was announced by the government for reconstruction of the ‘Char Dham’ pilgrimage circuit, which was badly affected by the floods. Tourism Minister K Chiranjeevi said the fund will be spent for renovation and reconstruction of the sacred pilgrimage sites of Kedarnath, Badrinath, Gangotri and Yamunotri, and its surrounding areas and the roads connecting it.

* Meanwhile, mass cremation of bodies continues to take place in Kedarnath which was the worst-affected in flood fury.

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Centre’s wrong economic policies are the reason for repeated increase in prices: Jayalalithaa


Petrol price was yesterday hiked by Rs 1.82 a litre, the third increase this month, as the falling Rupee had made imports costlier.

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Tamil Nadu Chief Minister J Jayalalithaa on Saturday slammed the Centre on the issue of rupee depreciation and said the latest petrol price hike spurred by the weak currency showed Congress-led UPA‘s “administrative incompetence and incapability.”

“Instead of taking steps to control the falling value of the Indian Rupee, the reason for the fuel price hike, central government is just revising the rate of petrol as per its whims and fancies and this is the best example of its administrative incompetence and incapability,” she said.

Petrol price was yesterday hiked by Rs 1.82 a litre, the third increase this month, as the falling Rupee had made imports costlier.

She described as “height of deceit” the latest hike, which came within 15 days of the previous revision of petrol rates and strongly condemned such attitude of Centre.

“Centre’s wrong economic policies and its fuel pricing policies are the reason for repeated increase in prices. The Centre and RBI can take steps to control the falling value of Rupee, but they are instead passing the burden on to the people, which is unacceptable,” she said in a statement.

She said if Centre was not equipped to handle the problem, it should focus on retrieving black money stashed abroad. Had this been done, there would not have been any need to revise fuel prices.

“But the Congress government at the Centre is silent on the black money issue. It is helping those who possess black money,” she alleged.

The Chief Minister said the latest hike would have a cascading effect with industries using petrol forced to spend more which they will ultimately pass on to the customers.

The price of products produced there will also increase and the latest hike will further strain the people of the country.

Rupee will further depreciate and inflation will go up, she said, adding considering the welfare of the poor and middle classes, Centre should immediately withdraw Friday’s petrol price revision. She also sought strong steps to prevent further fall in value of the Indian currency.

PTI

#India- Sexual harassment complaint to #Jayalalithaa from #NWMI #Vaw


Originally posted on kracktivist:

To
Ms J Jayalalithaa,
Honorable Chief Minister of Tamil Nadu,
Chennai.

Madam,

The Network of Women in Media, India (NWMI) is an association of women
journalists working across India. It is with deep anguish that we bring to your
notice a
violation of privacy and mental harassment that is being repeatedly caused to a  member of our network.

Kavin Malar, a Chennai based journalist, has been facing online harassment for
over a month now from one Mr Kishore K Swamy, a self-proclaimed
AIADMK supporter. Mr Kishore K Swamy has been repeatedly posting abusive messages
on Facebook targeting Kavin Malar’s personal character and
willfully causing harm  to her reputation
in  society as well as the  media. The allegations, besides being baseless,
are also a gross violation of privacy and human dignity.
We are also being told that Mr Swamy has been repeatedly and habitually
targeting women journalists, by…

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Rosê future & Pink Wine


Pink used to be plonk. But no longer. The market for rosê is acquiring a serious hue.

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Just in case you thought pink wasn’t your colour, think again. The world has started to drink rosê. In fact, the French knock back over a third of the pink wine produced on the planet. The stamp of chic came with the launch of Miraval, a high-end Provencal rosê from the hippest wine-making couple on the planet, Brad Pitt and Angelina Jolie. Produced at their 1, 000-acre organic estate in Correns, France, the first lot of 6, 000 bottles sold out in March within five hours of release.

The interest in blush wine is hardly sudden. According to the 11th VinExpo study on the ‘Current trends in the international wine and spirits market and outlook to 2016′, conducted by the International Wine & Spirit Research, consumption of rosê wines is expected to increase by 7. 58 per cent between 2011 and 2016, reaching a total share of 9. 2 per cent of all wine drunk in the world.

This global trend has taken its time to reach Indian shores but now, there’s no ladies lunch, romantic dinner or a wedding that doesn’t have rosê on the menu. “Rosê is definitely a fast-moving item during lunch and its popular with the ladies, ” says Kapil Vig, F&B manager of The Lalit, New Delhi.

Its restaurants offer three labels of rosê varying in price from Rs 2, 500 to Rs 15, 000 per bottle. “Pink champagne is, in fact, very popular with the younger crowd. For example, Billecart-Salmon pink champagne does much better than the regular one, ” adds Vig.

India has taken its time to warm up to the summery goodness of rosê because most people here have a binary view of wine. It is either white or red. Rosê was just assumed to be a weak red wine. Another popular perception was that rosê is a girlie drink. But for the longest time, lack of good rosê was the big problem.

Now there are at least 10 different types of rosê, still and sparkling, and even Indian wine makers like Sula and Vinsura have produced some great, value-for-money rosê. Even though the rosê market is still relatively small with an only 5 per cent market share – it is 10 per cent of the total wine production globally – Indian importers and wine makers are enthused enough about it. According to the IWSR India Market Research Study, 55, 000 cases of rosê were consumed in India in 2012 and the 2013 estimate is 60, 000 cases (each case holds nine litres).

Mumbai-based Aspri Spirits (Pvt) Ltd, one of the leading distributors of imported premium wines, spirits and beer in the country, has seen demand for the pink stuff grow – their volume of rosê has increased by 35-40 per cent every year.

The company has brought in several labels like Champagne Lombard Cuvee Brut Rosê, Bulle No. 1, AOC Cremant Rosê De Limox, Mateus Rosê, Mateus Sparkling Rosê and Two Oceans Shiraz Rosê and has plans of introducing more labels into the market.
“Earlier, it was not a preferred drink simply because people did not know about it. Now it is gaining popularity as one of the most preferred forms of champagne, ” says Ashwin Deo from Aspri.

Sula Vineyards produced their first batch of rosê back in 2005, and today the label has three different rosê in different price categories. Most Indian wineries, now, produce and market at least one rosê wine, according to Cecilia Oldne, global brand ambassador and head of international business at Sula Vineyards.

The reason, she says, is because “It is a fun, happy and easy to drink wine. It is uncomplicated and we try to uncomplicate it even further. In one of our campaigns ‘Rosê on the Rocks’ we encourage our customers to serve it on ice, ” she details. One of her favourite cocktails, she says, is St Tropez, rosê with two-thirds of Fanta/Miranda and a slice of lime.
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Rosê champagnes have also become the symbol of extravagance and romance. Every year, like it has for the past seven years, Moet & Chandon offers rosê-paired dinners at a hundred restaurants in the country on February 14. On the back of the fact that it has doubled its volumes every year for the rosê, Moet Hennessy India is hoping to push rosê into one of India’s biggest industries, weddings. “The Moet & Chandon Rosê Impêrial is the champagne of choice for those looking to gift someone an ultimate expression of love. In a $25 billion Indian wedding market, growing at a rate of 20-25 per cent annually, we see a strong trend of rosê champagnes.

We offer bottles personalised with ‘his and her’ initials, in crystals – this elegant offering often accompanies wedding invites replacing the traditional mithai box. Magnum (1. 5 litre) bottles are also a striking statement when served at a mehendi or sangeet, ” says Gaurav Bhatia, marketing director, Moet Hennessy India.

Nikhil Agarwal, sommelier and director, All Things Nice, a fine-dining consultancy firm in Mumbai feels that the rosê’s biggest plus points are that it’s a versatile, lighter style fruity wine and it adapts very well to Indian food and weather. “For Indian food with all its spice, sa refreshing rosê is a great match.

Every restaurant and hotel in India has at least two rosês on their wine list and it’s only going up. I can tell you that the number of people drinking a glass of rosê at lunch on a hot night or just because they like it will increase dramatically;all we need is a little time, ” he says.

Ruhi Batra

SRK was ready to raise fund for Pak flood, not for U’khand?


Cricketers and film actors are praised as gods in this country. Indians can do anything and everything for their favourite stars. But now these people disappointed their fans as they have not come out with financial and other material aids for the victims of Uttarakhand flood.
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Bollywood superstar Shahrukh Khan (SRK) was one among them who have been facing criticism for their inaction for the flood victims. Social media such as — Facebook, Twitter, Whatsapp had gone abuzz with rumours saying the actor donated Rs 10 crore for Uttarakhand.
However, now it has been clarified that it was nothing but a rumour spread by his fans. The actor faced tremendous criticism as he had plan to raise fund for Pakistan when the country was hit by a massive flood in 2010.
The then Shiv Sena supremo Bal Thackeray had turned up to the party’s mouthpiece – Samna slamming Shahrukh for his act. Thackeray had claimed, “…when India is paying tribute to its dead on 26/11 Mumbai attack, Shahrukh khan is going to dance on stage for a Pakistani Prime TV Channel and for few hundred pounds.” Sena MP Sanjay Raut was quoted as saying, “At a time when Mumbai is observing 26/11 and expressing anger against Pakistan, there should be a probe on why Shah Rukh has (expressed) love for Pakistan .
The ministry of external affairs must seize his passport. There is no need to show a pro-Pakistan stance and this betrayal of the nation.” About 20 million people were affected when heavy rains had triggered floods in in the Khyber Pakhtunkhwa, Sindh, Punjab and Balochistan regions of Pakistan in 2010. Now, over 800 people died and thousands of people have been displaced due to the massive flood in the hill state of the country — Uttarakhand. Chief Minister Vijay Bahuguna recently claimed that the death toll could mount to 1,000. Rescue operations were on for the 10th day.
Indian Air Force (IAF) officials claimed that rescue operation in Uttarakhand is the largest of its kind for the Air Force. The King Khan, however, has not come up with any charity show aiming to raise fund for flood victims of this country. The only message he left for his countrymen was a tweet. Turning up to the micro-blogging site Twitter, SRK tweeted, “As insignificant as we are against Nature’s fury, a prayer of Hope for all suffering in Uttarakhand. May Allah give them strength & safety.” While SRK and other celebrities including few cricketers disappointed the countrymen, cricketer Harbhajan Singh impressed with his move.
He joined the list of the people who contributed to the relief fund after donating Rs 10 lakh. Central Government and different State Governments also sent financial aid and relief materials to the flood-ravaged state. Meanwhile, President Pranab Mukherjee, Uttara Pradesh CM Akhilesh Yadav, Assam CM Tarun Gogoi donated their one day’s salary for the victims. Delhi Police and Tihar inmates donated Rs 1 crore and Rs 10 lakh respectively. OneIndia News

Airtel and Google join hands to provide free internet for mobile users in India


 

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Leading global telecommunications company, Bharti Airtel has joined hands with Google to launch free internet service for mobile users in India.

They announced the launch of Free Zone, which will give Airtel mobile customers access to mobile web search and feature-phone-friendly versions of Gmail and Google+ in India for free.

According to a statement released by Airtel, Free Zone aims to make the web accessible and affordable to all mobile users.

The Internet services available via Airtel includes:

Gmail: Users have unlimited access to Gmail from their mobile browser.  If users click on a link or attachment within the email they are directed to a page where they can purchase a data package.
Google+: Users can share online photos and messages with circles of family, selected friends or the public; follow updates on the things they are passionate about – from cricket to photography, music to news; and follow people they’re interested in.
Google Search: Users can search the entire Internet and access the first page of websites from the results for free. If they click further into a website after that, they are directed to a page where they can purchase a data package.

While Airtel subscribers will not incur any data charges to access these services on Free Zone powered by Google, access to more advanced services such as attachment download or browse through to web sites from the ones accessed in the Free Zone would be enabled through the subscription to a standard data package. The first page of a website linked from search results is provided at no data cost. They are informed about the data charges and given the option to purchase an appropriate data package.

Rajan Anandan, VP and Managing Director, Google India said,  “The mobile Internet user base is growing really fast in India. Working with Airtel on this exciting trial means that we can offer Internet services at no cost to anyone with a phone. This gives people easier access to information in a way that benefits everyone, whether it’s an individual or a small business that wants to reach more people on the web. We hope this initiative will encourage more Indians to experience the value of the Internet and gain from it. Students can easily look up for facts to work on their assignments, housewives will be able to easily check on recipes and connect with their friends and family from their mobile phones.”

Free Zone aims to put the web in the hands of more people and empower first time Internet users with several useful services of the Internet.

Airtel mobile customers can access the service by visiting http://www.airtel.in/freezone and start using the Internet without having to sign in to the service.

“As the country’s leading telecom services provider, we at Airtel are constantly looking for new ways of exciting more and more of our 200 million plus customers in India about the data experience. In this market, where feature phones predominate, our association with Google to bring Free Zone to India will encourage millions of users to discover the power of mobile Internet for the very first time and leverage the amazing world of information search, email and social collaboration – at no incremental cost” said N Rajaram, Chief Marketing Officer – Consumer Business, Bharti Airtel.

Tasneem Akolawala

PM vs Terrorist-A Cartoon


Originally posted on All Resource:

As I was reading Times of India,I came to know that Terrorist has Opened Fire on Indian Soldiers and Reportedly 2 Soldiers were injured and the main reason behind I think is the Srinagar visit of our PM.

As I was going through the news an idea of creating a Cartoon came to mind,if PM hear this news then how would he react to it?

So here is a little try depicting our PM action on this matter through the Cartoon…

Hope you guys like it.. :-)

PM and Terrorist

PM and Terrorist

P.S.-No Hard Feeling on Our Honorable Prime Minister,It is just for fun…

P.P.S-Due to great support and encouragement from my fellow bloggers I am able to come up with ideas,Please keep supporting Keep.. :-)

 

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