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Time of India
an hour ago
- Time of India
Ujjain spiritual & wellness summit: Panel discusses harnessing wellness for future; highlights Madhya Pradesh's potential as spiritual investment hub
Spiritual & wellness summit The Spiritual & Wellness Summit in Ujjain witnessed a dynamic opening to its series of discussions with a panel that delved deep into the symbiotic relationship between government policy, private investment, and holistic wellness infrastructure. Kicking off the session, Roshan Kumar Singh, Collector of Ujjain, presented a compelling vision for Simhastha 2028, the upcoming Kumbh Mela, not just as a spiritual gathering but a massive opportunity to reposition Madhya Pradesh as a global wellness destination. Singh underlined that the state government is actively working on a multi-pronged development roadmap leading up to the event ranging from river conservation initiatives like the cleaning of the sacred Shipra, to planning large-scale settlements and modern amenities for the expected influx of pilgrims. He noted that the spiritual grandeur of Simhastha could seamlessly align with the growing global interest in wellness, alternative medicine, and yoga tourism. Moderated by Deepshika Sikarwar, deputy editor, The Economic Times, the first panel discussion revolved around the theme 'Ideating the Partnership Model'. The core premise: how the public and private sectors can forge enduring partnerships to nurture and scale India's wellness sector, with Madhya Pradesh as a natural hub. Panelists included Raghwendra Kumar Singh, principal secretary, DIPIP; Mukund Prasad, director of Leisure Hotels Group; Swami Chaittanya Hari, founder of Yoga Nisarga & Vedic Yoga School; Dr. Ramesh Varier, MD of AVN Group; and Dr. Megha KL, Lead, Strategic Projects at Apollo AyurVAID. The discussion struck a strong economic chord, emphasizing the potential of Madhya Pradesh as a magnet for spiritual and wellness tourism. Speakers cited reasons ranging from its serene natural landscapes and rich forest cover to infrastructural strides and its reputation for cleanliness highlighting cities like Indore, which has consistently topped the country's cleanliness charts. Crucially, the panel explored the untapped promise of India's traditional medicine systems Ayurveda, Yoga, and holistic health as a pillar of future wellness models. With the state's deep-rooted spiritual culture and historical ties to wellness practices, panelists agreed that MP stands at the cusp of becoming a wellness powerhouse. As discussions progressed, emphasis was placed on building trust between public and private sectors, introducing policy incentives, and improving quality control across wellness services. Panelists stressed that such collaboration could enhance accessibility to wellness offerings, especially in underserved areas, while simultaneously creating employment and entrepreneurial opportunities in the state. Up next, the summit will feature a second panel that explores how Madhya Pradesh can develop a holistic wellness ecosystem and skilled workforce to power this vision. The day's events will culminate with a special address by chief minister Mohan Yadav, who is expected to share his vision for Ujjain's spiritual and wellness transformation.
Economic Times
2 hours ago
- Economic Times
Taylor Swift spent $360M to buy back her own voice, and the reason is not so simple
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Business Standard
2 hours ago
- Business Standard
After a dull 2024, pay bump at top campuses for MBA, BTech graduates
Following a stagnant 2024, engineers and management graduates are set to receive higher salary offers across leading campuses, indicating a revival in hiring activity, The Economic Times reported. According to the 'Deloitte Campus Workforce Trends: Placement Cycle 2025' report, median salaries for B-school and engineering graduates are projected to rise by 8.3 per cent and 4.3 per cent year-on-year, respectively. This comes after a decline of 9 per cent for MBAs and 0.1 per cent for engineers in 2024. The report, which looked at placement data from 508 academic institutions and surveyed 238 companies across various industries, highlights improved compensation trends. At the top 10 Master of Business Administration (MBA) colleges, as ranked by the National Institutional Ranking Framework (NIRF), the median annual salary is expected to reach ₹26 lakh in 2025, compared to ₹24 lakh in 2024. For the top 10 BTech colleges, the figure is projected to rise to ₹17 lakh from ₹16.3 lakh in the previous year. Compensation declined for 2024 engineering graduates Engineering graduates from the Indian Institutes of Technology (IITs) in 2024 experienced a dip in salary offers. Separate studies by Deloitte and TeamLease indicate that the annual compensation for this cohort ranges between ₹15 lakh and ₹16 lakh. According to Deloitte's 2024 study, average salaries saw a slight decrease for graduates from the top 10 engineering institutes. Drop in median salaries for 2024 batch A TeamLease Services study found that the median annual salary at the older IITs dropped to approximately ₹15 lakh–₹16 lakh in 2024, down from ₹18 lakh–₹20 lakh in 2023. At the Indian Institute of Management Ahmedabad (IIM-A), the highest offer for the PGPX Class of 2024 fell to a six-year low of ₹54.8 lakh per annum. Engineering degrees lead compensation growth in 2025 The report quoted Neelesh Gupta, partner at Deloitte India, as saying, 'Engineering degrees are leading year-on-year compensation growth (4.65 per cent), outpacing management degrees (2.19 per cent).' BTech graduates continue to secure the highest salary packages, followed by Bachelor of Law and BBA graduates. Compensation growth was strongest in manufacturing, followed by the consumer sector, while life sciences and pharmaceuticals showed the weakest growth. The share of performance-based compensation, or 'pay at risk', has become standard in campus hiring. '97 per cent of organisations have adopted short-term incentives, bonuses, or performance-linked pay,' the Deloitte study reported. Pre-placement offer (PPO) conversions across all degree types rose by 24 per cent in the financial year 2024-25 (FY25) compared to FY24.
