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Neelam Chawla

Is this Diwali a washout ?
Is this Diwali a washout is the question now being asked by the corporate India and markets? When will this situation of slowing growth and rising inflation reverse? The RBI is not being positive on either growth stabilising or inflation stabilizing and markets will be wondering if growth and inflation will stabilize at all. The apex bank has been consistently revising growth estimates down over the last one year and has consistently been behind inflation over the same period. The RBI looks to be sitting on a fence and not taking a decisive call on which way it should go. Markets can now only look forward to next festive season, with Diwali being a washout.

India Inc gets confusing signals from polity
The recent announcement for formation of National Investment Board is set to fly with the industry because there will now be a single window time bound clearance for all the projects something that the industry wanted for a while. However the dampener comes for the industry in the land acquisition bill which is set to be passed in the parliament. The GOM has decided that there needs to be atleast 80 percent nod from the stake holders against 60 percent which the industry proposed. This 80 percent nod will mean that the price of acquisition will sky rocket and putting up any project will mean coughing big bucks. It will also mean that there could be trouble in the hinterland as muscle power could be used to get a nod from those who resist something that will be unpopular with the Congress which banks on rural votes.

Is Himachal heading for a cliff hanger ?
It is heard that Himachal elections are heading for a cliffhanger between Congress and the BJP.

Is Congress funding Vasundhara?
It is heard that Congress is funding the Vasundhara Raje faction of the BJP by fuelling her ambition to start a new political outfit. Sources in the Congress say that this way the stranglehold of the BJP will loosen in Rajasthan and Raje can be manipulated to join the party with her new outfit. Will the BJP let her go?

Is Dasmunshi new rival of Didi?
It is heard that by promoting Deepa Dasmunshi the Congress wants to ensure that it gets back its seats in West Bengal that it has lost in the past few years. Will the 'Boudi' (daughter in law) rise to challenge Didi in the coming elections with her fiery speeches and big bindi needs to be seen.

Chiranjeevi yet to decide when to take charge?
Monday marked itself by several ministers taking charge of their significant portfolios but some big names are yet to decide as when and how to take charge of their offices. Chiranjeevi, The iconic figure of Andhra and party's card countering Jagan Reddy, is yet to decide as when he would take charge.

Chandresh Kumari Katoch likely to take charge on November 2
MoS Culture may take charge of her office on November 2. Shortly after the swearing-in ceremony on Sunday the newly appointed Minister of State for Culture Chandresh Kumari Katoch had rushed to Kangra for ''terahwin'' of her mother-in-law who passed way on 17 October. Yesterday she attended a big public rally in Kangra.

Kamal Nath has emerged much stronger now
Union Minister for Urban Development Kamal Nath has emerged much stronger after the Cabinet reshuffle that Prime Minister Dr Man Mohan Singh affected on October 28, 2012. While, additional portfolios of all Ministers were withdrawn, the Prime Minister assigned additional portfolio of Parliamentary Affairs to Kamal Nath.

Nath is the senior most Congress MP in Parliament with 32 years in Lok Sabha and the insiders in the PMO say that Dr Man Mohan Singh wanted a very senior person with stature to ensure floor management in
Parliament.

The government will have to do tightrope walking with TMC having withdrawn support and a possible No Confidence Motion and a stormy winter session. Nath was the only senior person who enjoys the trust of Sonia Gandhi as well and was chosen for this crucial position.

BUREAUCRACY

Panel for new CBI Chief formed
A panel of three IPS officers Ranjit Sinha 1974 batch, Bihar cadre, S C Sinha 1975 batch Haryana cadre and Atul 1976 batch Uttar Pradesh cadre has been formed.

D S Kalha is also Secretary, Chemicals & Petrochemicals
D S Kalha, Secretary, Department of Pharmaceuticals, has been assigned an additional charge of Chemicals and Petrochemicals for a period of three months. He is a 1977 batch IAS officer of Punjab cadre.

Postings of 1993 batch IAS as Joint Secretary next month
Postings of IAS officers belonging to 1993 batch as Joint Secretaries in the Government of India (GoI) will commence only after November 15, 2012.

Empanelment of 1993 batch IPS in November
Empanelment of 1993 batch IPS officers to the rank of IG in the Government of India is expected to take place next month.

J P Singh selected as Director (Tech), MCL
J P Singh, CGM, ECL, CIL, has been selected for the post of Director (Technical), Mahanadi Coalfields Limited (MCL) at a Public Enterprises Selection Board (PESB) meeting held on October 30, 2012. As many as 14 persons were interviewed for the same.

16 contenders in fray for NBCC's top slot
As many as 16 contenders are infray for new Chairman cum Managing (CMD) of NBCC interviews for which will be held on November 1,2012.Main among them are S P S Bakshi, CMD EPI, J K Sharma, Director NHPC, R N Mishra, Director (Civil) Satluj Jal Vidyut Nigam (SJVNL) and A K Mittal, Director (Projects) in NBCC.

Three ACS rank officers move to CAT
Three ACS rank IAS officers have moved against the government to the Central Administrative Tribunal ( CAT) challenging its decision to appoint a junior officer M Samuel as chief commissioner of land administration (CCLA).

N P Gupta is on BEML Board
Former Secretary in Government of India, N P Gupta has been appointed (non-official part time) Director on the Board of Bharat Earth Movers Limited (BEML).

R Anantharaman to succeed Dhapre in Mumbai
R Anantharaman, Deputy Accountant General, (A/Cs/VLC), in the office of the Principal Accountant General (A&E)-I, Maharashtra, Mumbai, on relief from his present duties by Ms Supriya Singh, who will hold additional charge of the post till further orders, has been transferred and posted as Deputy Director, in the office of Principal Director of Audit, Central Railway, Mumbai against the vacancy arising due to superannuation of DM Dhapre on October 31, 2012.

Sayeed Ahmed Baba to join at Kabul by Nov 10
Syeed Ahmed Baba will join his new posting at Kabul on November 10. DoPT has selected Baba, a 1988 batch IAS officer of West Bengal cadre, for UNDP Project at Kabul.

Nine CMDs in PS banks to be selected
As many as 17 Executive Directors(EDs) of different public sector(PS) banks will vie for nine slots of Chairman cum Managing Directors (CMDs) in PS banks.

Ritesh moves to Technology Bhawan as PS to Jaipal Reddy
Ritesh Kumar Singh will continue as PS to Jaipal Reddy, Union Minister for Science and Technology. Ritesh, a 1996 batch IAS officer of Karnataka cadre, was PS to Reddy in his previous tenure as Union Minister for Petroleum and Natural Gas.

Sanjeev to continue as PS to Moily, Union Minister for Petroleum & Natural Gas
Sanjeev Kumar will continue as PS to Union Minister M. Veerappa Moily in his new portfolio of Petroleum and Natural Gas. Sanjeev, a 1993 batch IRS (C&CE) officer, served Moily as PS in his previous tenure as Union Minister for Corporate Affairs.

Shahid to continue as PS to Union Minister for Water Resources
Mohammad Shahid will continue as PS to Cabinet Minister Harish Rawat in his new role as Union Minister for Water Resources. Shahid, a 1998 batch IAS Gujarat cadre running on central deputation till 16 August 2014, served him as PS in his previous tenure as MOS, Agriculture & Food Processing Industries.

S Gautam is now OSD to MOS (Independent), Sports and Youth Affairs
Sanjiv Gautam moves from North Block to Shastri Bhawan to continue as OSD to Bhanwar Jitendra Singh, Minister of State, independent charge, Sports and Youth Affairs. He is a 1995-batch IRS (C &CE) officer.

Chandra to continue as PS to Maken
Amiya Chandra (ITS, 1989) will continue as PS to Ajay Maken in his new capacity as Cabinet Minister, Housing & Urban Poverty Alleviation. He served Maken as PS in his previous tenure as MoS, Sports and Youth Affairs.

Banerjee will serve as PS to Deepa Dasmunshi, MOS, Urban Development
Sushovan Banerjee will be serving as PS to Deepa Dasmunshi, Minister of State, Urban Development. He is a 1989 batch IPS officer of Madhya Pradesh cadre.

(We said this on July 27, 2012)

Hedaoo to be CVO, IBM
Pradeep S Hedaoo has been appointed Chief Vigilance Officer in the Indian Bureau of Mines (IBM), Nagpur. He is a 1991 batch IRS (IT) officer.

G K Dwivedi will now serve as PS to MOS (Independent), Commerce
Gopal Krishna Dwivedi to move from Shastri Bhawan to Udyog Bhawan as PS to Purandeshwari D., the newly appointed Minister of State Minister (Independent charge) for Commerce. He is a 1993 batch IAS officer of Andhra Pradesh cadre. He had been serving the Minister in her previous portfolio of MOS, HRD as well.

Sudhanshu Pandey may take charge as JS, Department of Commerce this week ?
As the grapevine has it, Sudhanshu Pandey would take charge as JS, Department of Commerce in the 1st week of November filling the place vacated by J.S. Deepak after his elevation to the rank of Additional Secretary in the same department. Sudhanshu is a 1987 batch IAS of J&K cadre.

Secretary to Vice President to be decided from new panel
As the grapevine has it, appointment of new Secretary to Indian Vice President Hamid Ali Ansari will be done from new panel of bureaucrats. The old panel comprising names had been scrapped. The Department of Personnel and Training (DoPT) had sent a panel to the office of the Vice President.

K K Sharma goes to Srinagar
K K Sharma, IG BSF, Force Headquarter (FHQ), New Delhi has been appointed as IG, Srinagar Frontier for one month as current IG-Srinagar Tomar is going on a leave. He is a 1982 batch IPS officer of Rajasthan cadre.

Anand Mohan transferred to Delhi
Anand Mohan, IG, Andaman &Nicobar has been transferred to New Delhi. He is a 1994 batch IPS officer of AGMUT cadre.

Himanshu Lal to join GoI on deputation
As the grapevine has it, Himanshu Lal is poised to join the Government of India (GoI) on deputation. He is an IPS officer of 2003 batch who belongs to the Orissa cadre. His wife Mrinalini Darswal is Director, New Delhi Municipal Corporation (NDMC). She is a 2002 batch IPS officer of Orissa cadre.

HAL Chairman R K Tyagi pays Rs. 814 cr to Govt as dividend
Hindustan Aeronautics Ltd (HAL) paid Rs. 66.30 crores to the Government of India as a final dividend for the year 2011-12. HAL Chairman R K Tyagi handed over the dividend cheque to Defence Minister, A K Antony in New Delhi on October 30, 2012. With this, total dividend paid by HAL to the Government for the said financial year works out to Rs. 814 crores. This is 675.52% of paid-up share capital of Rs. 120.50 crores. "The total outflow as dividend on the equity shares of the Company excluding the dividend tax (Rs.132 crores) for the year 2011-12 translates to 32 percent of the profit after tax (PAT)", says Tyagi. HAL recorded PAT of Rs. 2,539 for the year 2011-12 as against Rs. 2,114.26 crores for 2010-11. The Company's turnover was 14,204 crores for 2011-12 compared to Rs. 13,116 crores for 2010-11.

Kezo to be DGP of Meghalaya
B Kezo is going to succeed N Ramachandran as new DGP of Meghalaya. He is a 1978 batch IPS officer. Ramachandraan is retiring today.

Vashisht is new DGP of Haryana
S N Vashisht has been appointed new DGP of Haryana. A1981 batch IPS officer Vashist will succeed R S Dalal who is retiring today.

Dalal is now DG, IPA in Haryana
The outgoing DGP of Haryana Ranjiv Singh Dalal has been appointed as DG of the Haryana Institute of Public Administration (IPA) at Gurgaon with effect from November 1. He is a1974 batch IPS officer.

Somavanshi to be Ombudsman Customs in Kolkata
SKS Somavanshi (1978), Chief Commissioner, Bhopal has been selected for the post of Ombudsmen. In all probability he will be Ombudsman in Kolkata.

Ram Bilash Meena appointed CVO, ITDC
Indian Revenue Service-Income Tax (IRS-IT) officer, Ram Bilash Meena, Additional CIT, Delhi, has been appointed as Chief Vigilance Officer (CVO) in the Indian Tourism Development Corporation Ltd (ITDC) under the Ministry of Tourism on deputation basis.

Six IRS-IT officers get addl charge
As many as six officers of Indian Revenue Service-Income Tax (IRS-IT) working as CCsIT have been assigned additional charges. Accordingly, B Dutta, CCIT-Hyderabad has been given an additoinal charge of CCIT-II, Hyderabad while M Sailo, CCIT-I, Delhi gets additional charge of CCIT-VIII, Delhi and Amitabh Misra, CCIT-III, Delhi is being given an additional charge of CCIT-XI, Delhi and U K Shukla, CCIT-II, Mumbai was given the charge of CCIT-I, Mumbai. Besides, Mrs Deepa Krishna, CCIT-II, Delhi, has been assigned an additional charge of DGIT (Admn), Delhi and D K Singh, CCIT, Lucknow, is assigned an additional charge of CCIT, Bareilly.

Four CCITs to retire on Oct 31
Four officers of Indian Revenue Service-Income Tax (IRS-IT) are retiring on October 31, 2012. The officers include J K Hota, CCIT-II, Hyderabad; Mrs Purnima Singh, CCIT-VIII, Delhi; S M Rastogi, CCIT-XI, Delhi and N P Singh, CCIT-, Mumbai.

Navajyoti Gogoi relieved to join as SP, CBI
Government of Rajasthan has relieved Navajyoti Gogoi presently posted as SP, Jodhpur Rural, Jodhpur, to join as Superintendent of Police in Central Bureau of Investigation on deputation basis for a period of four years. He is a 2000 batch IPS officer of Rajasthan cadre.
(We said this on July 9, 2012)

P K Mohanty appointed OSD to Vivek Johri
Indian Revenue Service (IRS)-Customs officer, P K Mohanty has been appointed as OSD to Vivek Johri, Minister (Customs) in Permanent Mission of India to WTO, Geneva.

Dy GM of Air India resigns
Deputy General Manager of the Air India Ram Kishore is reported to have resigned from service.

IAS reshuffle in Uttar Pradesh
There is IPS reshuffle in Uttar Pradesh. New postings are :
Shambhu Nath Shukla, Principal Secretary , Home guards Department; Pravir Kumar, additional charge of Principal Secretary, Housing and Urban Planning; VN Garg, Principal Secretary, Forest and Environment; Majid Ali, Principal Secretary, Panchayati Raj Department; RC Srivastava, Director General, UP Administration and Management Academy Lucknow; Rajiv Kapoor ,Principal Secretary, Technical and Vocational Education; Devashish Panda additional charge of Principal Secretary, Agriculture, Agriculture Education and Research and Export promotion; Harsharan Das, Principal Secretary, Science and Technology Department; Ashok Ghosh, Principal Secretary, Department of General Administration; Prabhat Kumar Sarangi, additional charge of Principal Secretary, Department of Languages.

18 CSS officers empanelled as Joint Secretary in GoI
As many as 18 officers of Central Secretariat Service (CSS) have been empanelled as Joint Secretary or equivalent in situ in Government of India. The officers include: Rakesh Bhartiya, Public Enterprises; M C Mehanathan, MHA; Rosy Sharma, Economic Affairs; K V Jacob, Defence; A K Saxena, MHA; A R Royal, Road Transport & Highways; Kiran Puri, Commerce; B K Mukhopadhyay, Defence; Shyam Kapoor, CVC; Ranbir Singh, Defence; Bina Prasad, MHA; Satish Kumar, Administrative Reforms & Public Grievances; Raji Rai, DoPT; Jai Parkash Agarwal, Urban Development; P Kalyanasundaram, Petroleum & Natural Gas; Anil Bahuguna, Defence; Sudhir Kumar, Food Processing Industries and K L Sharma posted in Cabinet Secretariat.
(We said this on October 1, 2012)

Pravin Chandra Parmar shifted to Railway Staff College

Pravin Chandra Parmar, ADRM/Vadodara, Western Railway, has been transferred to Railway Staff College, and posted as Senior Professor(TM).

Technical resignation of IPS officer accepted
The President has accepted technical resignation of Siddharth Singh, Probationer IPS officer, 2011 batch, who belongs to the Punjab cadre.

Kalsi appointed Nodal Officer
Nirmaljeet SIngh Kalsi, Joint Secretary (P-II), Ministry of Home Affairs, Government of India, has also been appointed Nodal officer for implementation of the various programmes / schemes undertaken by MHA in Punjab & Chandigarh State. He is a 1984 IAS officer of Punjab cadre .

V V Choudhry debarred
VV Choudhary, Addl Deputy Commissioner of Delhi Police North-East District has reportedly been debarred from United Nation Civilian Police officer, as he has failed to join it. He is a 1998 batch IPS officer of AGMUT cadre.

Post of Minister (Agri.), Embassy of India, Rome vacant
The post of Minister (Agriculture), Embassy of India, Rome under the Department of Agriculture and Cooperation is falling vacant on January 1, 2013. Those willing to apply for this Joint Secretary level post can send their applications to the Department of Personnel and Training (DoPT) at the earliest.

Applications for Directors in 14th Finance Commission invited
Nominations have been invited from the willing officers for the four posts of Directors in Fourteenth (14th)Finance Commission (FFC) being constituted by Government of India. The nominations of the personnel may be sent to Director (FFC), Ministry of Finance, Department of Economic Affairs before November 15, 2012.

Results of Armed Forces (Assistant Commandants) Exam declared
Union Public Service Commission (UPSC) has declared the results of Central Armed Police Force (Assistant Commandants) Examination-2011. A total number of 567 candidates have been recommended for appointment in Border Security Force, Central Reserve Police Force, Indo-Tibetan Border Police, Sashastra Seema Bal and Central Industrial Security Force.

Four IAS officers shifted in Tamil Nadu
As many as four officers of Indian Administrative Service (IAS) have been transferred and posted at different places in Tamil Nadu. Accordingly, Hans Raj Verma will now be CMD, Tamil Nadu Industrial Development Corporation Ltd (TIDCO) and K Veera Raghava Rao is Collector, Tiruvallur. Besides, Ashish Chatterjee has been posted as Additional Commissioner, Disaster Management & Mitigation, Revenue Administration Department and T Udhayachandran was made CMD, Tamil Nadu Small Tea Growers Industrial Cooperative Tea Factories Federation Limited.

K Dhanavel is Secretary MSME in Tamil Nadu
K Dhanavel, who so far was Managing Director (MD) of the Tamil Nadu Industrial Development (TIDCO), has assumed charge as Secretary to Government of Tamil Nadu in Department of Micro, Small & Medium Enterprises (MSME). Dhanavel is a 1996 batch IAS officer of Tamil Nadu cadre. He has replaced Hansraj Verma who so far was holding charge of PS MSME. Verma is a 1986 batch IAS officer of Tamil Nadu cadre.

C B Sood selected as Director (Tech.), SECL (UPDATED)
C B Sood, ED, CIL, has been selected for the post of Director (Technical), South Eastern Coalfields Limited (SECL) at a Public Enterprises Selection Board (PESB) meeting. As many as 14 persons were interviewed for the same.

Vigilance Awareness Week held at BHEL office (UPDATED)
Bharat Heavy Electricals Limited (BHEL) organized a Vigilance Awareness Week. B P Rao, Chairman & Managing Director, BHEL, administered the pledge to the company's employees. The messages of President of India, Vice President of India, Prime Minister, Leader of the Opposition and Central vigilance Commissioners were also read out on the occasion.

Raghav Chandra is new AS &FA Agriculture in GoI (UPDATED)
Raghav Chandra is all set to join as Additional Secretary and FA in the Ministry of Agriculture and Animal Husbandary . He is 1982 batch IAS officer of Madhya Pradesh cadre.

Admiral Nirmal Verma is new HC to Canada (UPDATED)
Admiral Nirmal Kumar Verma, retired Chief of the Naval Staff has been appointed as the next High Commissioner of India to Canada.
(We said this on October 8 )

Orders of Tomar in a day or two (UPDATED)
Orders of A K Tomar as Indian's new Ambassador to Brazil are being issued in a day or two. He is presently posted in the Ministry of External Affairs Headquarters.
( We said this on October 26 )

SCI observes Vigilance Awareness Week-2012 (UPDATED)
Shipping Corporation of India (SCI) is observing Vigilance Awareness Week-2012 from October 29 to November 3, 2012. S Hajara, CMD administered of vigilance pledge to the employees. M B Sagar, Chief Vigilance Officer read out the messages received from the dignitaries President, Vice President, Prime Minister, Leader of Opposition and the Central Vigilance Commission. The 5th edition of "SCI Voyager" was released by CMD on this occasion. The SCI Vigilance Division has lined up various competitions such as Essay Writing, Speech Competition, Slogan, Cartoon/Poster competition etc. during this week. Further, M B Sagar, CVO will be delivering a lecture on "Integrity Pact" at 1100 hrs. on 30.10.2012. Shri Ramesh Chandra, Chief Technical Examiner from the Central Vigilance Commission has been invited to deliver a talk on "Transparency in Public Procurement" on 1st November 2012 at 1100 hrs. The valedictory function of VAW 2012 will be held on November 2, 2012 from 3.00 pm onwards.

187 IRS-IT officers made Exp. Observers for Gujarat Assembly polls (UPDATED)
As many as 187 officers of Indian Revenue Service-Income Tax (IRS-IT) have been deputed as Expenditure Observers for the Gujarat Assembly election. The officers include: B Kulshresth, K Meghanath Chowhan, M Mathivanan, Rakesh Kumar Gupta, Samir Tekriwal, Sanjeev Kashyap, Vinod Tanwani, Anurag Sharma, F R Meena all from Ahmedabad, Chandra Mohan M, Vimal Anand, A Sundarajan, Biju M K, Chandra Kumar, Durai Pandian R, Kiran Katta, Meera Srivastava, Pankaj Kumar, Pradeep Shoury Arya, Prakash N Borde, Prasad AGV, Pratap Singh, Ramesha G, Sambit Mishra, Satish Kumar, Sesha Srinivas Y, Sunil Kumar Agarwal, Timir Haran Chakravorty, Venkatram K and Nishcal B from Bangalore; D r Lathorla, D N Parekh, Debasish Lahiri, I B Khandel, Rajendra Prasad Khandelwal, R K Baral, V I Mehta, Ved Prakash Mishra from Bhopal; Amitabh Chaudhuri, G C Bhoi, Anthres Tigga, Dipankar Bandopadhaya from Bhubaneswar, Alok Nath, Ankush Kappor, Anshuman Sharma, K S Bains, Manish Sareen, P K Sharma, Rakesh Kumar from Chandigarh; A V Sreekanth, B Lakshmi Narayanan, C Venkata pravana Kumar, G Nantha Kumar, Howard Devisser, K Gopala Krishna, M Sitharam, N Madhavan, N Padmanaban, N Senthil Kumar, P Radhakrishnan, P Srinivasa Murthy, P Selvaganesh, R Sampathkumar, S Balasubramanian, S Maruthupandian, S Senthilkumaran, S Suresh Kumar, S Rengarajan, Sallong Yaden, Sanjay Punglia, Satish Meriga, Sunku Srinivas, T chandra Sekhar, V Vivekanandan, V S Chakrapani, V S Kumar, Vikash Keraba Suryawanshi and Yogesh Vishnu Kamat from Chennai, Ajaya Kumar Sharma, Ajit Kumar Singh, Anand Kumar Kedia, Anant Prakash, Assem Sharma, B L Sharma, Gagan Sood, Gaurav Dudedja, J S Ahirwar, Jasprit Singh Minhas, K C Badhok, Kamlesh Chandra Varshneya, Kishore B, Manoj Pandey, Mritunjoy Barnwal, P D Taneja, Prafulla Kumar Prusty, Praveen Kumar, Rajiv Ranka, Rajnish Yadav, Raju Lepcha, S K Chattterjee, Sanjay Goyal, Sanjay Tripathy, Santhi Kumar Jain, Vachashpati Tripathi; Vijay Choudhary, Virendra Kumar, Vivek Kumar from Delhi, Narendra Singh, Rajat Mitra, and Shashi Saklani from Guwahati, Satyanarayana Raju B, Dayasagar Mekathoti, Jeevanlal Lavidiy, Rajendra Kumar, Srinivas Reddy, Kuchkula, Srinivasan Annamalai, Venkateswara Rao B, Yadagiri B from Hyderabad, G R Kokani, M K Julka from Jaipur, Javed Akhatar, Manas Mehrotra, S K Sarkar, Sanjvee Kumar Yadav, Shankar Lal Maurya, Shantanu Dhamija, Sheodan Singh Bhadauria from Kanpur, Appu Joseph Jose, M Jayaram, P V Maralidharan, V P Asghar Zain from Kochi, Amarjyoti, Mazumdar, Ashoke Kumar, Chandra Prakash Bhatia, Debashis Benerjee, Debasish Roy, Debasish Roay, Gautam Kumar Mandal, K N Jana, Niloy Baran Som, P Dam Kanunjna, Pijush Mukherjee, Pinaki Mukherjee, Sanjib Kumar Roy, Sankar Kumar Haldar, Subhendu Dutta, Subhro Jyoti Chakraborty, Sunil Kumar Agarwal, Sunip Kumar Sarkar, Vivek Anand Perampurna, Vivek Verma, Zafarul Haque Tanweer, A K Singh, Ajay Pratap Singh, Anubhav Singh, Harish Gidwani, Puneet Kumar, R P Maurya, Rajesh Yada from Lucknow, Abhinay Shivaji Kumbhar, C Sriniwas Reddy, D Prabhakar Reddy, Duresh Sumrott, Ganesh Sudhakar Bare, Maurya Pratap, Peeyus Sonkar, Rajeev Keswarwani, Ravi Kant Gupta, Udaya Bhaksar Jakke, V Amarender Reddy, Vikram Batra from Mumbai, Ajay G Dhoke, Dhanjaya S Wanjari, Kiran P Unavekar, P R Mane, Raghunath from Nagpur, Ajit Kumar Srivastava, Alok Nag, Durga Dutta, Harmohan Moharana, Kalyan Nath, Kanhaiya Lal Kanak, R Manunath Swamy, Ram Babu, Sanjay Kumar, V R Sonbhadra from Patna and R P Mauriya from Pune.

No Sectoral concessions under CDR: RBI (UPDATED)
Reserve Bank of India (RBI) has no plans to introduce sectoral packages for extending relaxations in Corporate Debts Restructuring (CDR) as demanded by the industry in view of the current and global economic conditions, said Chief General Manager, Deepak Singhal at an ASSOCHAM event held here in New Delhi on October 31, 2012. While addressing a 'Seminar on Restructuring of Corporate Debts' organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM), Singhal, chief general manager, DBOD-CO, RBI, informed that RBI has constituted a high power committee of two Dy Governors, Dr K C Chakrabarty and Anand Sinha to speak to the CMDs of all the banks to know the problems faced by SMEs and suggest to arrest the rising sickness in the SME sector. The committee is likely to submit its report by end of the November. Sectoral packages for extending relaxations in restructuring of corporate debts are under stress. He clarifies that such a piece-meal approach to macroeconomic problems may have its own adverse impacts and it may lead to adverse incentives, untrue or unrealistic balance sheets of banks leading to misreading of their financial positions and also lack of confidence in Indian banks by the global banks or international credit rating agencies, added Singhal. He further added that RBI extended one time measure of being fully secured in cases of Micro Finance Institutions (MFIs) facing unprecedented problems in recovery and liquidity due to environmental factors. Banks can restructure any account, whether standard, sub-standard or doubtful as also more than once, provided the financial viability is established and there is a reasonable certainty of repayment as per the terms of restructuring package. Other who also spoke during the events were Mr. Abhay singh, Former CGM, SBI, Dr Ashok Haldia, chairperson ASSOCHAM Taskforce on CDR & Director, PTC India Financial Services Ltd and S C Aggarwal, CMD of SMC group.

P K Borthakur is Director (Offshore), ONGC (UPDATED)
P K Borthakur has taken over as Director (Offshore), Oil and Natural Gas Corporation Limited (ONGC). P K Borthakur, like his predecessor Sudhir Vasudeva, is predominantly brought up in the professional nuances of offshore oil engineering. He commands a rich portfolio of experiences in diverse fields of oil production chain. Before being elevated to the Board of India's flagship explorer ONGC, Borthakur effectively managed India's biggest oil producing asset Mumbai High and biggest gas asset Bassein & Satellite.
(We said this on March 6, 2012)

Sanjiv Bahl selected as CMD, PHHL (UPDATED)
Sanjiv Bahl, ED, PHL, has been selected for the post of Chairman & Managing Director (CMD), Pawan Hans Helicopters Limited (PHHL) at a Public Enterprises Selection Board (PESB) meeting held on October 31, 2012. As many as 12 persons were interviewed for the same.

CORPORATE

B S Meena joins BIFR
B S Meena has joined as a Member of the Board for Industrial and Financial Reconstruction (BIFR). He is a retired Secretary of the Ministry of Heavy Industry & Public Enterprises in the Government of India (GoI).He is a 1975 batch IAS officer of Maharashtra cadre

15 in fray for post of CMD, Pawanhans Ltd.
As many as 15 officers are in fray for the slot of Chairman cum Managing Director (CMD) of Pawahans Ltd ,interviews for which are scheduled to be held on October 31,2012. Main among them are:Sanjeev Bahal Executive Director (ED) Pawanhans Ltd.,Anuj Sharma ED Airports Authority of India(AAI) and Harbhajan Singh(IAS,1983 batch, Andhra Pradesh cadre). Presently, he is Joint Secretary in Department of Heavy Industries(DHI).Of them Sanjeev Bahal is being considered to be the front runner.

Dadiseth appointed as Director, JM Financial
Keki Dadiseth has been appointed as Director of JM Financial.

Gohil appointed as Director of Royal India Corporation
Vishal Gohil has been appointed as Director of Royal India Corporation.

Banga quits Maruti Suzuki
Manvinder Singh Banga has resigned as Director of Maruti Suzuki.

Trehan appointed as Director of KEC International
SM Trehan has been appointed as Director of KEC International.

Vora quits Ashapura Minechem
Piyush Vora has resigned as Director of Ashapura Minechem.

Khanna appointed as Director of Thomas Cook
Uday Khanna has been appointed as Director of Thomas Cook.

Dheeraj Hinduja quits Hinduja Ventures Ltd
Dheeraj Hinduja has resigned as Director of Hinduja Ventures Ltd .

Mansukhani ceases to be Alternate Director, Hinduja Ventures Ltd
Ravi Mansukhani has ceased to be Alternate Director to Dheeraj Hinduja on the Board of Directors of Hinduja Ventures Ltd.

Vinoo Hinduja ceases to be Alternate Director, Hinduja Ventures Ltd
Ms Vinoo Hinduja has ceased to be Alternate Director to R P Hinduja on the Board of Directors of Hinduja Ventures Ltd.

Rungta appointed Addl. Director, AGC Networks Ltd
AGC Networks Ltd has appointed Sudip Rungta as an Additional Director of the company w.e.f. October 30, 2012.

Sarvaiya quits Tricom Fruit Products Ltd
Ms Neha Sarvaiya has resigned as Company Secretary of Tricom Fruit Products Ltd

Trivedi appointed Company Secy., Tricom Fruit Products Ltd
Ms Megha Trivedi has been appointed as a Company Secretary of Tricom Fruit Products Ltd.

Khandelwal quits Unno Industries Ltd
Pankaj Khandelwal has resigned as Company Secretary of Unno Industries Ltd .

Sharma appointed Company Secy. , Unno Industries Ltd
Praveen Sharma has been appointed as Company Secretary of Unno Industries Ltd

Punamiya quits Royal India Corporation Ltd
Kumarpal Punamiya has resigned as Whole-time Director of Royal India Corporation citing personal reasons.

Dadiseth appointed Addl Director, JM Financial Ltd
JM Financial Ltd has appointed Keki Dadiseth as an Additional Director on the Board of Directors of the company

Jalan quits Linc Pen & Plastics Ltd
Prakash Jalan has resigned as Director of Linc Pen & Plastics Ltd

(The views expressed in this column are of the contributors. We do not owe any responsibility, whatsoever, of the views of our surfers as they are their personal opinion. However, we would also request our contributors not to be personal, directly or indirectly, in presenting their views. Instead of countering the views which ‘X’ has already expressed, our contributors are advised to present their own views. Also be brief, say about 200 words at the most since any views longer than that if eliminated at our end would carry the risk of the contrbutor’s item losing its original essence)

Indian Democracy- In a new Direction

Has the joint press conference by Gandhivadi leader Anna Hajare and V K Singh , Retired Army Chief of India ,has caused ripples in the Corrupt and infamous democratic system of India especially among the Top leaders of the country, who are sitting comfortably in the seat of power, forgotton their responsibility as people's representatives and acting and behaving as Monarchs in their respective areas whether in the Government or Opposition. The entry of a Retired Army Chief, first time in the history of Independent India ,is a cause of concern as it,s beginning of top ranking intelligence group from Armed forces may inspire other honest Civil Servants, Officers from other Services, with spirit of self respect but have been made to suffer due to the evil nexus of Corrupt and shady people both in the fields of bureaucracy and politics, shall start thinking and join mentally the honest, brave and selfless forces, to throw or crush, who have sold the country's wealth to the unscrupulous business tycoons and made poor and ignorant citizens of the country, who even had to suffer badly and not able to meet their both ends despite of tall and fake
claims of their representatives, who enjoy the best of both the worlds, once get elected for Five Years to the seat of power and become self style kings, worse than even the British, who ruled the country before independence.

History is evidence of revolutions. When the poor, downtrodden and people with empty stomachs do get honest, selfless and brave leaders and then no body can control them, even the guns and mortars. So, it's the time for public representatives to rethink and review their actions and style of functioning, before it's too late and common man start coming on roads and dethrone the self styled monarchs from the seat of power and bring Ram Raj by crushing the most corrupt and scandalous democracy, which our country earned with the sacrifices of hundreds of patriots of India.

Ravinder Gupta (KAS) Retd

Jammu and Kashmir

A Social Activist

Unfortunate

The opinion expressed by whispherinthecorridors on the basis of the highly cooked up figures of NSSO is unfortunate. The facts should have been verified before expressing opinion by a site, the opinion of which is widely considered as 'authentic'.

Madathil Pottayil Balakrishnan

"Laud good work ; Reduction in Number of Subsidized Gas Cylinders".

Surendra Mohan's analysis in today's WIC Forum ( Oct 30,2012) is revealing. The NSSO merits appreciation for its 66nd round of survey and collecting credible empirical data to substantiate GoI's decision on subsidized LPG cylinders. Had the analysis been carried out timely by MOSPI, it would have saved considerable embarrassment to GoI at the hands of its detractors. One possible reason could be that the post of DG, NSSO has been lying vacant for the past three months. It is unfortunate that the MOSPI has not been able to locate a competent successor with unblemished track record.

Now, consider GoI's double standard. I find that when it comes to the cap on consumption of subsidised domestic LPG cylinders, the Cabinet Committee on Economic Affairs (CCEA) has two sets of rules - one for the Aam Aadmi , and other for the VIPs.The Parl. Standing Committee attached to Petroleum ministry had suggested that those holding Constitutional posts and public representatives like MPs and MLAs, should not get subsidised cooking fuel and that all their supplies should be provided at the market rate. Why was this recommendation ignored, particularly when the consumption pattern of VIPs is alarming : ranging from 30 to 40 cylinders per year.

Will the new Minister for P&NG please look into it?

A K Saxena ( A retired civil servant)

IRS is also answerable /liable for penalty

It is told that nobody can question the Income Tax officers about the disposal of personal cases. Any outsider should think twice before making any mistake, but in case any Income tax official makes any mistake , that can be corrected next time, if caught; with no penalty on the official. In what sense it is mentioned like this. Every officer is equally responsible for his mistake. If he does mistake he is also answerable /liable for penalty or whatever is applicable. It is not that since he is IRS, he can do whatever he wants. Please change these sentences

Nanda