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Print from origin : whispersinthecorridors.com > Archive > 12th January 2009 Monday

The website is informative and very useful too.
Arun Kumar - IFS

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Gill to be DG CRPF ?
Latest grapevine has it that A S Gill is being appointed new DG of the CRPF next month. He is 1972 batch IPS officer of Rajasthan cadre. DG CRPF V K Joshi is superannuating by next month end.
Raghaw Sharan Pandey's stocks go up
Stocks of Raghaw Sharan Pandey, Secretary, Petroleum & Natural Gas to Government of India (GOI), have gone up, as a sequel to deft handling of the strike by officers in the oil sector. He is 1972 batch IAS officer of Nagaland cadre.
Kudos to Arun Balakrishnan
Arun Balakrishnan Chairman cum Managing Director (CMD), Hindustan Petroleum Corporation Ltd (HPCL) has been widely hailed for the manner in which his flock actively worked in the interest of public during recent strike by officers in the oil sector. Soft spoken & polite, Balakrishnan with all modesty at his command attributes this to HPCL's officers & staff members.
Is Priyadarshi quitting ?
Rumour mill says that Shishir Priyadarshi is quitting from service. 1980 batch UP cadre IAS officer Priyadarshi is presently with the WTO.
Did a batchmate misbehave with batchmate ?
Did a Cabinet Secretary Material in the Government of India misbehave in an official meeting with his batchmate ?. And the batchmate showed magnanimity .Guess.
Ms.Urvashi Sidhoni is Advisor, Tribal Affairs
Ms.Urvashi Sidhoni on being promoted to the senior administrative grade (SAG) is Economic Advisor to the Ministry of Tribal Affairs.She is an Indian economic Service (IES) officer of the 1982 batch.
Swagat Das promoted in IB
Swagat Das has been promoted to the rank of Joint Director in the Intelligence Bureau.He is 1987 batch IPS officer of Chhattisgarh..
Will Adarsh Kishore return to India ?
Will ED IMF Adarsha Kishore return to India ?.Answer to this question lies with 1969 batch retired IAS officer of Rajasthan cadre Dr Adarsha Kishore and the Rajasthan Chief Minister Ashok Gehlot. Infact, Gehlot is keen to have the services of a competent officer like Dr Kishore.
Swash Pawan Singh may not be Member of NHPC
Swash Pawan Singh may not become the Member of the National Human Rights Commission (NHRC).He is 1974 batch IFS officer.
Bureaucratic reshuffle likely in Maharashtra
As the grapevine has it nearly 20 IAS officers are likely to be transferred in Maharashtra.In case Ashok Chavan Maharashtra Chief Minister wants to change Collectors then that will have to be done only on or after January 26, 2009.
S.S.Gupta is Principal Secretary Industry in Meghalaya
S.S.Gupta has joined the Meghalaya Government, as Principal Secretary Industry.Gupta who is an IAS officer of the 1982 batch was so far Meghalaya Government's Principal Resident Commissioner (PRC) in Delhi.
Utter chaos in Jharkhand
There is utter chaos in the Jharkhand Government as Shibu Soren Chief Minister is yet to quit in the wake of his defeat in by poll from Tamar assembly segment.
Shibu Soren wants his trusted man as CM,Jharkhand
Shiubu Soren Jharkhand Chief Minister who is also president of the Jharkhand Mukti Morcha (JMM) is reportedly not in a mood to quit until Champai Soren an MLA from Jamshedpur assembly segment was accepted by the UPA as his successor.
UPA dithers on the Jharkhand imbroglio
Uncertainty prevails in Jharkhand because the UPA is unable to decide regarding next step in the wake of Shibu Soren Chief Minister Jharkhand having lost the by poll from Tamar assembly segment. Lalu Yadav Indian Railway Minister who is key factor in the UPA will have his say. Whatever has to happen will happen only after his return from Japan.
Shibu Soren vainly tries a "Lalu act"
Shibu Soren Chief Minister Jharkhand tried to replicate an act of Lalu Yadav Indian Railway Minister by vainly try to get his wife Mrs.Rupi Soren inducted as the new Chief Minister, following his defeat in assembly by poll. As an alternative he even tried to get
His eldest of three sons -Durga Soren, anointed as the Chief Minister. However, Lalu Yadav Indian Railway Minister had reportedly scuttled such moves by putting his foot down.
IRTS officer Salil Kumar Jha gets SAG
1989 batch IRTS officer Salil Kumar Jha has been promoted to the SAG in ECR itself.
Post of GM- FCI, Uttar Pradesh advertised
The post of General Manager (GM) in Uttar Pradesh has been advertised
Why indifference towards top-level promotions in SBI?
Mystery shrouds the delay in holding interviews for promotion of top officers as Deputy Managing Directors (DMDs) & as Chief General Managers (CGMs) in the State Bank of India (SBI).
Why BJD is leaving the NDA?
Why the Biju Janata Dal (BJD), being headed by Naveen Patnaik Orissa Chief Minister, leaving the NDA? Answer to this question very simple. BJD & Bhartiya Janata Party (BJP) - NDA's majority partner, reached the breaking point when Patnaik did not allow the Vishwa Hindu Parishad (VHP) to observe a general strike on December 25, 2008.
Neelam Kapoor is new DG DAVP
Neelam Kapoor has been appointed new DG of the DAVP.1982 batch Indian Information Service (ISS) Officer Neelam Kapoor is presently DG PIB.
Frank Naronha moves to Delhi
Frank Naronha has been moved from Bangalore to Delhi as DG PIB.
He is 1982 batch IIS officer
Mizoram Chief Secretary goes, set to join GoI
Mizoram Chief Secretary Haukhum Hauzel has been changed. 1974 batch IAS officer Hauzel is now all set to join the Government of India to the rank of Secretary.
( We said this on December 10 )
Patil Is Vice Chancellor of Law University Hubli
Dr J S Patil has been appointed as the Vice-Chancellor of the newly-established Law University, Hubli.
Batra promoted in BSNL
R K Batra ITS officer has been promoted to SAG. He is now PGM (IR)BSNL CO.
10 UP police officials transferred
Eight IPS and two PPS officials have been transferred by the Uttar Pradesh government. Gazipur SP Brijraj was made Ghaziabad SSP replacing R K Loku who has been transferred to Gazipur. SP(CID headquarters) Prashant Kumar has been made SP Shahjahanpur while SP Jaunpur Godak Rajesh D Rao has been trasferred to same post in Mirzapur. SP Mirzapur Dr Pritinder Singh has been trasferred to Sitapur replacing Vinod Kumar Dohre who has been made SP Jaunpur.Commandant 37th Battalion of PAC, Kanpur, Akshay Kumar Singh has been transferred on the same post to 33rd Battalion PAC, Jhansi. Kosova returned Additional SP Rajesh Kumar Pandey has been made Additional SP STF, Lucknow and SP Lucknow (Vigilance) Rishipal Singh has been transferred to Chandauli(anti-naxal).
Amitabh Rajan is new RC Maharashtra in Delhi
Dr Amitabh Rajan is the new Resident Commissioner & Principal Secretary, Government of Maharashtra. He is 1979 batch IAS officer.He has succeeded Apurva Chandra.
Das moves as JS Economic Affairs
Shaktikanta Das presently working as Joint Secretary, in the Department of Expenditure has been moved as Joint Secretary in the Department of Economic Affairs, on lateral transfer basis. He is 1980 batch TamilNadu cadre IAS officer.
Sudhir Bhargava is new JS Fertilisers
Sudhir Bhargava has been appointed Joint Secretary in the Department of Fertilizers. He is 1979 batch IAS officer of Rajasthan cadre.
IT raids in Gujarat
Today, Income Tax department strike on 2 big group of real estate developers & one known Architect in Gujarat. IT officers are storming more than 30 establishment across the state.
Lokesh Jha joins GoI as JS Home
Lokesh Jha has joined Ministry of Home Affairs GOI, as joint secretary. He was secretary of Revenue,relief, and rehabilitation dept. in J&K govt. Jha is 1988 batch IAS officer of J & K cadre.
David C Mulford's departure delayed
U.S. Ambassador to India David C Mulford confirmed on January 12 ,2009 that his departure from India, originally planned to coincide with the end of the Bush Administration this month, will be extended for a few weeks at the request of the incoming Administration.
Five senior PCS officials in UP shifted
The Uttar Pradesh government has transferred five senior Provincial Civil
Services (PCS) officials in the state. Special Secretary, Home,
Anandvardhan, has been shifted to Agra as City Commissioner, Municipal
Corporation, an official spokesperson said here yesterday.
Ramaraj Maurya, Joint Housing Commisioner, Housing and Development Council,
Lucknow, has been made the Chief Development Officer (CDO), Bareilly.

While Saharanpur City Magistrate Neeraj Shukla has been sent to Faizabad in
the same capacity, his Saharanpur counterpart Chandra Prakash Singh has been
sent on his place.

Special Secretary, Forest Department, Pramod Narayan Batham has been
transferred to Revenue Department in the same capacity.


CORPORATE
CMD Hindustan Copper interview today
PESB will hold interview for the post of CMD Hindustan copper Corporation on Monday.
CMD Hindustan Tyre interview today
PESB will hold interview for the post of CMD Hindustan Tyre Corporation on Monday.
Axis Bank to have non-Executive Chairman
Axis Bank would now have a non-Executive Chairman, in addition to a Managing Director.
Somdev to be brand ambassador in Northeast Sports festival
The Sports Council of Tripura has decided that Somdev Devvarman, the first Indian to make it to the Chennai Open final, will be the brand ambassador for Northeast Sports Festival to be held in February.


Aaj Ki Aawaz
Its being alleged two powerful lungiwaalas,
Are part of the Satyam scam,
Such a scam needed backing of power- waalas,
That's why for law Raju cared a damn!
TDP says one lungiwaala in AP favored Maytas,
And a lot of Satyam money landed up in AP land!!!
Though this Lungiwaala will say this is bakwaas!!!
And in Delhi many see the other Lungiwaala's hand!!
Manmohan will clean chit them,
He's issued clean chits galore,
Expect from him another gem (fib statement),
Looks like he sure has a fibs ka store!!
Pakistan says why worry about Mumbai attack?
Concentrate on Gaza ,
In numbers (killed) Mumbai attack does lack,
As Gilani says this he enjoys a sip from a drink that looks like Maaza!!!
BJP's woes are on the rise,
Shekhawat wants to be an alternative to Advani,
Rajnath wants to cut Shekhawat to size!
But I feel time that Advani ne 'writing on the wall ' ki baath maani!!
SP is a collection of bhaands (performers) , goons and thugs!!!
Bhaands...first there were that Jayas and now Sanjay Baba,
Proposal to make Sanjay an MP sure bugs!!!
He'll defile Lok Sabha as he's not fit to sit in Lok Sabha!!
Papa Abdullah says ' Beta naam karrega'!!!
Papa has realized his place!
Abh Beta Papa se nahi darrega!!
And Papa should realize we see the mock happiness on his face!!
Sukhbir Badal talking on corruption seems odd!!
Punjabis don't feel Badals are honest!!!
And Amrinder and Badals have a pact between themselves 'to spare the rod'!!
So Sukhbir's statement on corruption is dishonest!!!
Sonia has said Rahul is not ready!!!!
Seems her yardstick is he'll be ready when he's married!!!
Some time back there were rumors that Rahul was going steady,
Sonia feels he'll be ready when he looks like a hubby ….harried!!!!
No doubt Indians pay the maximum taxes!!!
And remember they don't enjoy health cover or social security!!!
In direct and indirect taxes India maxes!!!
Confucius says… double whammy…. suffer taxes and insecurity!!
Bharat Kumar


Forum
Applicability of RTI Act on Judiciary!
May I invite the attention of Mrs Anuradha Verma and legal luminaries to a news item (HT Jan 11,09) regarding disclosure of assets by the Supreme Court judges? The present CJI has reportedly contested the jurisdiction of CIC on the judges of the Apex Court and is contemplating challenging CIC's ruling before the High Court. Justice J S Verma, the former CJI, on the contrary, has strongly objected to the Apex Court's stand on the ground that the Resolution passed during his tenure as the CJI about disclosure of assets, made it obligatory upon the Supreme Court Judges to declare their assets. My short question is: Whether, the Apex Court could file a petition in a High Court, subordinate to it, to get the CIC's ruling quashed ?Whether all citizens of India are equal in the eye of the Law of the land or are Supreme Court judges more equal than others? I shall be grateful to be enlightened by the experts, on this website.
A K Saxena ( A retired civil servant )
Why penalise genuine allottees ?
There are allottees of the DDA Housing Scheme 2008 who are genuine, having no link whatsoever with the persons engaged in fraudulent measures. So why should the genuine allottees be penalised for the misdoings of the wrongdoers? I am certain that the number of genuine allottees far outnumbers the persons who were engaged in the fraud. Hence, the draw should not be scrapped in toto but only the fakes disqualified.
Meera Nair
Increase Retirement Age
In the Bureaucratic setup, particularly in the Armed Forces, age is used as a tool to keep the disadvantaged out of the race. In civil setups, those from disadvantaged Class such as SC, ST and OBCs are kept out of the higher levels due to age restrictions as these categories enter the service late. Hence age has become very vital tool of discrimination in Indian set up. Increasing retirement age Limits will widen the choices at higher levels and provide opportunities to many deserving and capable disadvantaged category officers besides leading to enhanced utilisation of experienced human resources.
Renu
Satyam Asatyam Bhavet !
The satyam story is not any isolated story of corporate India indulging in acts of criminal breach of trust. Earlier several companies have swindled crores of investor and public sector banks. One such scam is of Mafatlal Finance Company, which simply disappeared after siphoning off crores of investor money with impunity. The complaints lodged with SEBI and DCA have been thrown into waste paper basket. Mafatlal was no small entity-it was a group company belonging to an MRTP company. The Indian laws are strong enough to bring to justice such crimes of breach of trust under section 420 of the IPC and companies law, MRTP law etc. If these laws can not chain offenders, why keep costly organisations like the Registrar of Companies, the MRTP commission etc? Only to provide post retirement jobs for 5 or 7 years to manipulators, who compromised government interests in order to obtain illegal gratification for themselves? A retired Cabinet Secretary, the highest civil servant in India, was adoring Satyam board. An officer who is supposed to sniff the slightest attempt at cheating and fudging of accounts and who is experienced to do exactly that, is a mere silent spectator! Or was each one of the independent directors paid adequately to keep his/her mouth shut? Or is the inclusion of retired civil servants meant to do liaison work because of their clout? While government servants are not allowed normally for two years from the date of retirement to take up any employment with companies they have dealt with during their official tenure, the manipulators manage to get waivers. This reminds me of the Vohra committee on the nexus of politicians, bureaucrats and businesses.
We are looking at the developments as helplessly as we have been doing in case of 26/11 Mumbai tragedy. Were it a government servant charged with defrauding the exchequer, he would have been arrested instantly, his/her assets seized, bank accounts frozen, and all relatives-seven degrees from father's side and five degrees from the mother's side-would have been subjected to interrogation and charged and sent to jail. Why can't swindlers like Mafatlal Finance and Satyam promoters/controllers be subjected to same royal treatment, sent to jail, their assets forfeited and company money recovered by selling assets held in fictitious or benami entities.
Let us not get fooled by Raju's letter. It is not meant for India or indians' consumption. It is to escape severe punishment in USA courts, which no Indian Raju can manipulate. What is known as mea culpa, is sought to be employed to get lenient US punishment, which any Indian company operating in the USA is subjected to.
The rot needs to be stemmed. Names like TATA, NR Murthy and Azim Premji evoke trust and respect. Imagine any one of them doing a Satyam! A cold sweat down the spine is the only experience.
Raju can still save his soul by revealing the truth in one go and undergo penance, for his crime is more serious than that inviting even death penalty!
M L Gupta
Another Enron !
The Satyam saga reminds me of Enron. Hired Executives and dishonest promoters tend to propose the names of global auditors, and based on face/name value, such entities are selected by the company. Few stakeholders would choose to oppose selection of a globally known name. These entities hire brilliant people at huge salaries, buying their loyalties, making them amenable to whatever they are told to do. They will be told to do whatsoever is required to retain the account, and they charge huge fees. The hired employees are brilliant but mostly lacking in moral fiber, and are afraid to lose the high paying job. You can get them to get anything signed by them. This places them no higher than a local fraudulent accountant who chooses to sign an audit report for a mere Rs 500/-. These auditors are co-conspirators within the meaning of section 120B of Indian Penal Code, and ought to be prosecuted in individual capacity as well as the entity controllers, including directors/partners. Apart from the directly involved auditors, the liability of the directors/ partners is directly covered by Supreme Court decisions in the following cases:-
Modi Carpets in the pollution case. UP Pollution Control Board vs B K Modi
SMS Pharmaceuticals vs Neela Bhalla
Tamil Nadu Electricity Board vs Rasipuram Textiles Ltd.
The National Consumer Commission in the case of
Ashish Birla vs Murlidhar Patil.
It is high time that we started placing the right question marks and the so called high flier entities, or else we shall see many more of Enron and Satyam.
Ramalinga Raju cannot be hanged, unless an affected party chooses to get him along with his family liquidated. This too is far fetched in India. Remember what CR Bhansali did and got away with. So, in the worst case scenario may get a life sentence, which will be, in practical terms, over within 7 years. God bless him, and his victims! Satyamev Jayete!
It is possible that the regulatory authorities may fine Ramalinga Raju much more than he has defrauded in terms of insider trading, but I do not feel it is likely.
In the meanwhile, all the associates of Ramalainga Raju, co-conspirators, must also be punished, if not legally, then in terms of market forces. Just as Arthur Anderson was a co-conspirator in the case of Enron, PriceWaterhouseCoopers is a co-conspirator in the case of Satyam. Therefore, all the cases relating to income tax, customs, excise, service tax, sales tax, company law matters or anything with which the name of PriceWaterhouseCoopers is associated must be scrutinized in depth. The market for PriceWaterhouseCoopers's dubious services would disappear within a few months, and that will be the most appropriate punishment for PriceWaterhouseCoopers, much more effective than going through the judiciary.
Vijay Kumar
Is Raju still lying ?
Earlier Satyam tried to transfer 1.6 billion $ to Maytas. Then Raju said that Satyam had in fact no cash and company was operating at a margin of 3%. I have inkling that he was telling lie. Where as other IT companies are working at 20 to 30% margin how Satyam was able to get customers at just 3% margin. I think he did have the cash which he sought to transfer to Maytas. 3% margin story is false. I explain how.
Raju says that he has been fudging the books to show more profit and actual profit was just 3%. Can anybody believe that margin in IT BPO is just 3%. Then how other giants Infosys, TCS etc are showing excellent margins. Are they also fudging the books. Certainly all cannot be thieves. Raju says that abnormal margins were shown year after year by over-invoicing.
My sense says the he is telling the whole truth and the true picture could be just opposite. Fudging he has been doing but in reserve way. Raju has been siphoning off the cash away from companies books to other ventures and other companies. This has resulted that today there is no cash with the company which is not a result of low incoming but the cash had actually been taken away by him. So to explain no cash situation as of now, he has cooked the story that margins were low and he had somehow shown rosy picture by over-invoicing.
So, its not that margins were not there. Margins were very much there. He has swindled the money and is now explaining the money was not there in the first place.
Then due to recession when he found that entire money is locked in lands owned by Maytas and property price has dived down, he had no idea what to do. It was Satyam subprime crisis in which land owned by Maytas fell in value. So he had the 'bright' idea to take Board's approval and transfer 1.5 billion $ to Maytas in the guise of investment. Later on when the property market would rise, land would be sold and money or at least some part will be returned. However the majority shareholders and media spilled the cart and rest is history
Shantanu Ghosh
Valid question
The Satyam scams raises valid questions about the role of the auditors without whose connivance it seems that scam of this proportion could not have happened. If the inquiry proves this conclusively that the auditors have connived or failed professionally to prevent this scam then appropriate penal action should be taken against the auditors. This also raises another issue that whether the same norms of accountability be not applied to public auditors. There a large number of scams which have taken place in various government bodies at different points of time. All these bodies are subject to audit of C&AG. If Pricewater coopers is held accountable for scam in satyam should the same norm be not applicable to C&AG afterall scams in governement bodies also point to failure of government audit.
AK
Penalise SEBI chiefs
Apart from the swindlers, all SEBI chiefs should be taken to task for having been sleeping for such a long time.
Archie
All kudos to GOI
I must congratulate government for its tough handling of the strike of oil PSU's unions. This is indicative of the fact that if government sends a proper signal to all pervading indiscipline in our system there is still hope of redeeming the grim situation. I hope government takes similar steps towards the striking transporters. Time has come when we must tell the world that this chalta hai attitude is no longer our philosophy and we mean business. Any ways my congratulations to RS Pandey and team for the good job.
GB

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