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Members of Parliament have a base salary of ₹100,000 (US$1,200) plus other allowances. The Chief Ministers of Indian states have varying salaries, with Telangana 's Chief Minister earning the highest at ₹400,000 (US$4,800) per month.
Ghosh was the deputy governor of RBI who was appointed as the interim governor until R. N. Malhotra assumed the office. 17 R. N. Malhotra: 4 February 1985 — 22 December 1990 5 years, 321 days Malhotra was an Indian Administrative Services officer who served as executive director of the International Monetary Fund prior to becoming the governor.
He served as the 22nd Governor of the Reserve Bank of India (RBI). A former Finance Secretary of India, he also served as a member of the Prime Minister's Economic Advisory Council, and as a senior economist in the World Bank. Subbarao's selection as RBI governor in 2008 was coincidental with the outbreak of the 2007–2008 financial crisis. [173]
The RBI regulates this ratio so as to control the amount a bank can lend to its customers. For example, an individual wants to buy a car using borrowed money and the car's value is ₹1 million. If the LTV is set to 70% he can borrow a maximum of ₹700,000. The RBI can decrease or increase to curb inflation or deflation respectively.
FAB – Feature Advantage Benefits; FDP – Finance Department; ... PA – Purchasing agent or Personal Assistant; PA – Promotional Activity ... RBI – Reserve ...
Employers that offer these types of work-life perks seek to raise employee satisfaction, corporate loyalty, and worker retention by providing valuable benefits that go beyond a base salary figure. [10] Fringe benefits are also thought of as the costs of retaining employees other than base salary. [11] The term "fringe benefits" was coined by ...
One is employee’s contribution which is to be deducted from employee’s salary / wages and another is employer’s contribution which is to be added by the employer every month. However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per ...
The post of joint secretary in the Government of India was created in the 1920s. The salary of a member in this rank and post was fixed at Rs. 36,000 per annum in the 1930s. [24] The salaries of Joint Secretary in Government of India during the British Raj was same to the Chief Secretary of United Provinces of Agra and Oudh, Punjab and Burma.