In terms of MLA salaries, Odisha is followed by Telangana (about Rs 2.7 lakh), Maharashtra (Rs 2.6 lakh), Manipur (Rs 2.5 lakh), and Uttar Pradesh (Rs 2.4 lakh).
The services sector employs 188 million people but remains highly informal, trapping most workers in low-wage jobs without social protection.
NITI Aayog member Arvind Virmani on Monday said India is set to become the fourth largest economy in the world by the end of 2025, an assertion which came days after NITI CEO BVR Subrahmanyam claimed India has already overtaken Japan to reach that spot. The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April had said that India is expected to be the fourth largest economy in the world with a GDP of $4.19 trillion in 2025, ahead of Japan.
These changes certainly bring India's GST a lot closer to what an ideal GST would look like, points out Karan Bhasin.
The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high crude oil prices and increased uncertainty due climate changes, NITI Aayog member Arvind Virmani said on Thursday. Virmani also asserted that the gross household savings ratio in India has consistently gone up. In an interview with PTI, he said: "My growth projection (of India's GDP growth) is 6.5 per cent plus minus 0.5 per cent... because my experience is that the fluctuations in global GDP more or less has balanced out for us, assuming normal changes."
'With Chhaava, we had to look from a different lens.' 'We had to write it in such a way that apart from the sacrifice, the fight and the war, there's a lot more to understand about the history of the Marathas.'
Former chief economic advisor on life in government and the reform years.
The government on Friday appointed noted economist Arvind Virmani as the new chief economic advisor in finance ministry.
Chief economic adviser to the finance ministry Arvind Virmani on Wednesday said the retail price-based inflation, which is ruling above the wholesale price index, will come down with a lag but would not fall as much as the rate of rise in wholesale prices is falling.
Principal economic advisor, Ila Patnaik, is coordinating the work on Economic Survey 2013-14.
Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund (IMF) Gita Gopinath said on Friday.
A robust margin performance in the September quarter (Q2FY25) led to a 12 per cent rise in the stock of defence major Bharat Electronics (BEL). While the stock has given up most of those gains in the recent market correction, analysts are positive on the company due to its strong order book, new order inflows, and margin trajectory. The near-term trigger has been the operating performance in Q2FY25.
Finance Minister P Chidambaram held informal consultations on Wednesday on possible candidates for the Reserve Bank deputy governor's post.
Kahan Shuru Kahan Khatam, with its retro-inspired title song and background score just tries too hard, both with the comedy and the message, feels Deepa Gahlot.
Budget has several small steps which will boost growth
Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.
Safed is a lame attempt at social commentary, with terribly dull and thoughtless direction, observes Mayur Sanap.
Ghoomer is an efficient crowd-pleaser that puts a lump in the throat, a tear in the eyes, and a smile on the face, all at the same time, applauds Mayur Sanap.
Rediff.com Contributing Photographer Pradeep Bandekar caught up with these starry folk on Wednesday.
Justice Rekha Palli issued notice to the Delhi government and sought its stand on whether it can provide the second dose of Covaxin to those who got the first jab, before expiry of the incubation period of six weeks between the two doses.
The MPC headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around noon on Thursday.
Among possible new members, former chief economic advisor Arvind Virmani's name is doing the rounds.
Here's looking at the red carpet pictures.
'The decision to supply free food grains is not an economically sound decision because the government will find it very difficult in future to charge anything for food grains.'
The superstar will promote his production called Dr Cabbie, starring Isabel Kaif, at the TIFF.
Akshay Kumar will soon become a doctor courtesy the University of Windsor (Ontario), which will confer an honorary doctorate to the star on May 9 in Toronto, Canada. And the Khildadi star has one person to thank for the honour. The person in question is Ajay Virmani, Cargojet President, who lobbied for the actor.
Critics of Hindi cinema are a disparate, colourful, bunch that evoke much derision and tut-tut among its own tribe, but Chup's distant understanding of their influence and idiosyncrasies fails to give the loathing any real impact, notes Rediff.com Principal Movie Critic Sukanya Verma.
Sooraj Pancholi is confident and likeable but his latest theatrical release Time to Dance is worth a digital dekko, feels Joginder Tuteja.
Vinay Virmani, who plays the lead in Akshay Kumar's first international film Breakaway, feels very passionately about the film's subject and the star.
The government today extended the tenure of Chief Economic Adviser Arvind Virmani by three months on a temporary basis, said a finance ministry spokesperson. His current two-year term came to an end on Tuesday.
The government had, in the budget, targeted fiscal deficit to come down to 2.5 per cent of GDP this fiscal, although it was 3 per cent under the Fiscal Responsibility and Budget Management Act.
'You become a critic because the job entails watching a 100 films a year, out of which there will be five or six good films.' 'It's really a glutton for punishment, but you're also optimistic and want to see exciting things.'
Dr Mohan will be representing India along with Bangladesh, Bhutan and Sri Lanka on the 24-member Executive Board of the IMF.
RBI recently cut repo by 0.25 percentage point, taking the rate to 7.25 per cent in three reductions since January.
Besides French Finance Minister Lagarde, seen as a strong candidate, there are four to five other aspirants in the race for the post vacated by Dominique Strauss-Kahn.
Ground reality suggests that someone from the developing world does not stand a chance to emerge victorious.
Will Akshay Kumar's Breakaway be the next Bend It Like Beckham?
The actor on producing his first international film Breakaway.
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