Rajasthan to keep unspent money with finance corporation

GN Bureau | October 19, 2015


#Rajasthan   #finance corporation   #Rajasthan State Power Finance Corporation Limited   #CM Raje  

Unspent money of the state's different ventures would now be kept with the Rajasthan State Power Finance Corporation Limited instead of the banks. The corporation, which will be rechristened as Rajasthan State Power Finance and Financial Services Corporation Limited, will then be able to lend this money as loan to state's power companies and other sick units. The decision was taken at the state cabinet chaired by chief minister Vasundhara Raje.

Other decisions relate to clearing amendments in the Rajasthan Scheduled Areas Subordinate Services Rules 2014 and reassessment of cadre reviews done in 2013 of the state services barring the RAS, RPS, accounts and insurance services.

Towards the month end, CM Raje would undertake an eight-day tour of the Marwar region to gather feedback from the people and oversee administrative functioning in the interior areas. Raje would be in Barmer district from October 22 to 24, in Jodhpur from October 24 to 26 and in Nagaur from October 27 to 29.

"The CM will conduct surprise inspections, take ground reports of development schemes and communicate directly with the district-level officials," said social justice and empowerment minister Arun Chaturvedi, while briefing reporters on the cabinet decisions.

Chaturvedi said the Rajasthan State Power Finance Corporation Limited that was set up in 2012 will be reorganised and rechristened to improve the financial health of power companies and sick units of the state.

The cabinet's nod to amendments in rules 5 and 6 of the Rajasthan Scheduled Areas Subordinate Services Rules 2014 will allow government personnel serving in areas outside the Scheduled Areas to opt for services in the Scheduled Areas. "Once a state employee opts for services in the Scheduled Areas, he/she shall not be able to serve outside such areas," Chaturvedi said.

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