DAILY EXCELSIOR, JAMMU WEDNESDAY, JUNE 11, 2014 (PAGE 7) Need to reduce cost of doing Speaker advises seniors not to business in India: Jaitley set bad example for new MPs NEW DELHI, June 10: tion, keeping deficit under con- and outflow of foreign funds, NEW DELHI, June 10: trol, addressing infrastructure dropped to 1.7 per cent of GDP Irked by frequent disruptions from senior members, Lok Sabha There is a need to reduce the bottlenecks," Mayaram said. in 2013-14 from 4.7 per cent in cost of doing business in the Speaker Sumitra Mahajan today advised them to desist from it as He added that there is a need 2012-13. they would present a bad example before the newly elected MPs. country to revive the investment to continue to be in a state of The financial sector regula- cycle, Finance Minister Arun "This is not the way. So many new members have come and preparedness for managing tors at the meeting presented some have returned after a few years. Please speak when you are Jaitley has said. external sector vulnerabilities. their suggestions on the forth- "The Finance Minister given the chance. Such interruptions are not correct," she said Economic growth slowed to coming Budget 2014-15, as also telling them that disruptions would not set a good example for new stressed upon the need to 4.7 per cent in 2013-14 and retail their ideas on next generation improve the business climate comers. inflation stood at a 3-year high financial reforms. Her observation came during the debate on the Motion of and reducing the cost of doing of 8.59 per cent in April. Among others who attended business as important means for Thanks on the President's address, which was initiated by BJP Besides, fiscal deficit nar- the meeting were IRDA member Rajiv Pratap Rudy. revival of the investment cycle," rowed to 4.5 per cent of GDP in Chairman T S Vijayan, FMC an official statement said today. Rudy outlined the BJP government's plans for development and 2013-14 from 4.9 per cent in Chairman Ramesh Abhishek, criticised performance of the previous UPA government, inviting He also emphasised on the previous year. The current PFRDA Officiating Chairman R need for coordinated approach sharp reaction from opposition benches. account deficit (CAD), which is V Verma and other government TMC members Sultan Ahmed, Kalyan Banerjee, Congress' by all sector regulators to the difference between inflow officials. (PTI) achieve financial stability. Deepinder Singh Hooda and Adhir Ranjan Choudhury strongly "He referred to the high objected to the remarks and asked Rudy to concentrate on the political expectations from the P K Mishra appointed Additional President's speech. new government and the oppor- Noisy scenes were also witnessed when Rudy, without taking Bollywood actors Dharmendra, Aamir Khan, Amitabh Bachchan and Saira Banu during the tunity now available for resolv- any name, said the country's democracy has been "growing" in Principal Secretary to Modi launch of Dilip Kumar's autobiography "Substance and the Shadow" in Mumbai . (UNI) ing long-pending problems fac- such a manner that even if someone goes to jail, his spouse occu- ing the economy," the statement NEW DELHI, June 10: pies his place as chief minister. said. RJD members Rajiv Ranjan alias Pappu Yadav strongly object- Former Agriculture Secretary P K Mishra has been appointed Amitabh, Aamir launch Dilip Kumar's biography ed to the remarks and came to the Well protesting as it was an Jaitley was speaking at the Additional Principal Secretary to Prime Minister Narendra Modi. meeting of the Financial Sector MUMBAI, June 10: fan of Yusuf (Dilip Kumar) of music and it is a great oppor- apparent reference to Rabri Devi wife of RDD supremo Lalu The appointment of Mishra, a 1972-batch retired IAS officer of Development Council (FSDC) sahab. It is a memorable day. He tunity for all of us to be here. I Prasad. Gujarat cadre, will be co-terminus with the term of the Prime Amitabh Bachchan and on Saturday. It was attended by is such an inspirational figure to hope he has long life. We are Rudy, however, said if anyone was hurt by his remarks, he Minister or till further orders, according to an official release Aamir Khan launched leg- financial sector regulators me right through my career. I really proud of him," Ali Khan withdrew the words. (PTI) issued by the Ministry of Personnel today. endary actor Dilip Kumar's including the Reserve Bank have learnt so much from him. said. 65-year-old Mishra had served between 2001 and 2004 as biography at a five-star hotel Governor Raghuram Rajan and Every time I watch his work I On the occasion, Madhuri Principal Secretary to Modi when he was Gujarat Chief Minister. here. 'India ranks 15th with 175,000 Sebi Chief U K Sinha. feel am discovering him each said, "He is a legendary actor He was Secretary in the Ministry of Agriculture between Along with Dilip Kumar's The minister also cautioned time. I am thrilled to be here," and a book on him is something December 1, 2006 and August 31, 2008. wife Saira Banu, the book against slackening the vigil in Aamir said. I am looking forward to. He has He was appointed Chairman of Gujarat Electricity Regulatory launch was attended by a host of millionaire households in 2013' the area of fiscal consolidation. "I am looking forward to Commission after his retirement in 2008 for a five- year term. Bollywood celebrities here last been an inspiration not only to Finance Secretary Arvind read the book where we will get Mishra, considered close to Modi, has held various key posi- night. actors but to everyone. As an NEW YORK, June 10: Mayaram briefed the council on to know about his life, his expe- tions at the Centre and in the Gujarat government. This is the sec- The book, titled 'Substance actor I would like to know how the macro-economic situation riences and it will be an oppor- India had 175,000 millionaire households in 2013, ranking ond appointment in the Prime Minister's Office. and Shadow', is authored by he approached his roles and and improvement in twin tunity for me to learn something 15th in the world, according to a wealth report which said the total Former TRAI Chairman Nripendra Misra, 69, was on May 28 what he went through when he deficits. Uday Tara Nayar, a close family from this," he said. number of millionaire households in the world rose to 16.3 mil- appointed Principal Secretary to Modi. He is a 1967-batch retired played the roles." "However, there is a long friend of the Bollywood thespi- The event was hosted by lion last year. IAS officer of Uttar Pradesh cadre. The veteran actor was born way to go in terms of reviving an. It chronicles the life of filmmaker Karan Johar and was The Boston Consulting Group's 14th annual report on the glob- Misra, who has served in various capacities in the government, as Mohammad Yusuf Khan but economic growth, controlling Kumar right from his childhood, attended by Bollywood person- al wealth-management industry 'Riding a Wave of Growth: Global retired as the Chairman of Telecom Regulatory Authority of India career, the ups and downs in his adopted the screen name of Wealth 2014' said global private financial wealth grew by 14.6 per inflation especially food infla- alities like Jeetendra, Vaijayanti Dilip Kumar. (TRAI) in 2009. (PTI) life, his family and more. Mala, Zeenat Aman, Danny cent in 2013 to reach a total of USD 152 trillion. In a career spanning over six "This evening is special and Denzongpa, Javed Akhtar, The rise was stronger than in 2012, when global wealth grew decades, he gave hits like we hope everyone likes his Salim Khan, Ustad Amjad Ali by 8.7 per cent. The key drivers, for the second consecutive year, 'Madhumati, 'Devdas', 'Mughal- biography. I am feeling great Khan, Dharmendra, Madhuri were the performance of equity markets. today. It is a dream come true to Dixit, Priyanka Chopra, e-Azam', 'Ganga Jamuna', 'Ram India ranked 15th last year and had 175,000 millionaire house- me. Everyone will know about Subhash Ghai, Raju Hirani, Aur Shyam, 'Karma' and others. holds. Its position improved slightly from 2012 when it had ranked his childhood, growing up years Sanjay Leela Bhansali, Riteish He was crowned as the 16 in the world for its number of millionaire households. and you will hear it from him. Deshmukh, Kiran Rao among 'Tragedy King' for playing a India is projected to become the seventh wealthiest nation by For the first time he has spoken others. doomed lover in films like 2018. The number of ultra-high-net-worth (UHNW) households in about it," Banu told reporters Noted actor Jeetendra said 'Andaz', 'Baabul', 'Mela', India, those with USD 100 million or more, stood at 284 last year. here. he was a big fan of Dilip Kumar 'Deedar' and 'Jogan' and others. The total number of millionaire households reached 16.3 mil- Aamir recited a poem and felt honoured to be present Dilip Kumar was last seen in lion in 2013, up strongly from 13.7 million in 2012 and represent- penned by Prasoon Joshi and at the book launch. film 'Qila' in 1998. ing 1.1 per cent of all households globally. few actors came on stage to "I learnt a lot by just looking He was honoured with the The US had the highest number of millionaire households at share their experiences about and observing him," he said.