The country's largest telecom service provider Bharti Airtel on Monday proposed an annual pay package of up to Rs 70 crore for chairman Sunil Mittal. 

The company has sought shareholders approval for the same in the annual report released on Monday. 

This will be more than double his last fiscal remuneration of Rs 27.5 crore, which is about 76% of the combined pay package of all directors in fiscal ended March 31, 2011.

As per the annual report, Mittal's remuneration rose by Rs 4 crore or 17% from his 2009-2010 fiscal's package of Rs 23.5 crore. Bharti Airtel also sought its shareholders' approval for re-appointment of Mittal as its managing director for another five-years with effect from October 1, 2011.

"This does not mean that Mittal's salary would be increased to Rs 70 crore. The company has sought approval so that one need not go to the board every time," said a company official.

Salman Khan worth Rs 50 crore now!

After the recent success of his movies, Salman Khan has hiked his price to Rs 50 crore. The actor who was charging 40 crore for a movie will now take home a whopping amount of Rs 50 crore. With Aamir Khan and Shah Rukh Khan taking full control of their box-office successes and turning it into a financial gold mine, how can Salman Khan be left behind? The actor enjoying his recent success run in Bollywood, with two back to back hits in Dabangg and Ready.

Filmmaker Bhushan Kumar told Jha that Salman's price has been re-structured for his next movie. "When Salmanbhai did" Ready" the film industry was facing a huge financial crunch. But he agreed to cut down his price from Rs 40 crore to Rs 17 crore. This was the only way we could have made Ready at that time. Now the market has changed for the entire film industry. So, we are currently re-negotiating with him for our next film."

It is said that Salman has not only hiked his fee but also has started taking interest in the unit of the film and the cast. "Salman is not only quoting a fee close to Rs 50 crore, he is also 'recommending' (Ready: appointing) directors for these films. Like, for the T Series project Salman has put forward the names of two directors and has asked producer Bhushan Kumar to choose from one of them. Furthermore, he insisted on Sonakshi Sinha for Kick and now he's recommending Zarine Khan to his prospective producers," a source told film expert Subhash K Jha.