Governance Now Visionary Talks Series

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.

Comments

 

Other News

Covid-19: New cases are increasing, but so are recoveries

Even as India continues to record more than 50,000 new Covid-19 infections every day for a week now, there was some hope in the rising number of recoveries as well, with a drop in the case fatality rate and a spike in the recovery rate. Thus, the country recorded the highest single day recov

Breaking new ground in Ayodhya: History is created

History was created as prime minister Narendra Modi participated in the foundation-stone-laying ceremony for the new Ram Temple in Ayodhya on Wednesday, ending centuries of controversy. Modi performed Bhoomi Pujan at `Shree Ram Janmabhoomi Mandir`, in the presence of a very limited number o

How to encourage and support breastfeeding amid pandemic

The most joyous moment of a woman’s life is to breastfeed her baby for the first time. Breast milk is the foundation to build a strong bonding between mother and child and must not be missed by any newborn in its nutrition uptake. The World Health Organization (WHO) is encouraging people to “su

Covid testing: India crosses 2 crore milestone

As part of its 3T strategy of focusing on testing, tracing and treating to contain the Covid-19 pandemic, India crossed a landmark, testing 2,02,02,858 COVID-19 samples so far. This is pursuant to the key strategy followed by state/UT governments under the guidance of the centre for managem

Sustaining development in the time of pandemic

The continuing spread of COVID-19 has emerged as the biggest roadblock to development in 2020. Citizens across the globe have been breathing an air of panic, fear, and confusion, not knowing what lies ahead. The pandemic has hit some communities and countries harder than the others, requiring everyone to u

"Mumbai Commissioner shameless in taking credit for Covid numbers"

Senior BJP leader Kirit Somaiya has blasted BrihanMumbai Municipal Corporation (BMC) commissioner IS Chahal for taking credit for reducing the number of coronavirus infections in the in the slum sprawl of  Dharavi, and wondered how could the authorities make boasts when 10,000-plus people have died.&n

Governance Now 5th PSU IT Forum

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter