GN Bureau | July 24, 2015
The Aam Aadmi Party government in Delhi has put up posters targeting the prime minister directly. The new posters request the prime minister to let the city-state government to work without interference."The Delhi government is doing it right," say the posters addressed to the PM.The poster came up even as chief minister Arvind Kejriwal sent a letter to lieutenant governor Najeeb Jung, alleging that he has made the Delhi Commission for Women (DCW) "completely dysfunctional" at the behest of the PM. In a strongly-worded letter, Kejriwal also told Jung that his claim that he (Jung) was the government in the capital was “laughable and unconstitutional”.”The only purpose I see in Lt. Governor’s action is that the prime minister, through the Lt. Governor, wants to make the Delhi government bow to him.”The Lt. Governor says that Lt. Governor himself is the Delhi government. How is this possible? How can one individual claim to be the ‘government’? If that was that case, there would be dictatorship in Delhi.”There can be nothing more laughable than this. India is a democracy. There is an elected government in Delhi. The ‘Delhi government’ stands for the elected government, not an individual.”
Meanwhile, BJP's Shahnawaz Hussain has said "Kejriwalji is trying to instigate people of Delhi against Modi government. This is just unacceptable.
Parliament session cost nearly 30k a minute and it is going to be another washout day today
Parliament's fourth day session began today with first three days being washed out by tug of war between the government and opposition parties, and each minute of the session costs Rs. 29,000. Prime Minister Narendra Modi is meeting senior BJP leaders today to deliberate on the future course of action keeping in view Opposition's unrelenting stand over Lalit Modi issue. Meanwhile, environment minister Prakash Javadekar asked today "why is Congress running away from a debate,something which they had asked for?"
BJP MPs today staged a sit-in near Gandhi Statue in the parliament complex protesting Congress' 'obstructionist attitude'. BJP leader and commerce minister Nirmala Sitharaman justified BJPs protest saying that when the opposition is now allowing Parliament to function what can the MPs do, those who want some discussion on serious topics.
IT sector to see six per cent growth in hiring
The Indian information technology sector, which currently provides direct employment to around 3.5 million, is expected to see six per cent growth in hiring. According to Nasscom president R Chandrashekhar 75 per cent of the workforce in ten years time would comprise of people who entered the job market post 2000 or born post 1980. Chandrashekar said the challenges before HR managers are to build leadership pool out of new recruits and also engaging with those employees who have been around for some time. He was speaking at a HR summit in Chennai.
Sensex trades flat in early session
A benchmark index of domestic equities markets, the 30-scrip Sensex on Friday was trading flat at 23.57 points or 0.08 per cent down during the morning session. It opened at 28,390.50 points and was trading at 28,347.27 (at 9.19 am) in the early session, down 23.57 points or 0.08 per cent from the previous day's close at 28,370.84. The Sensex has touched a high of 28,402.64 points and a low of 28,259.12 points in the trade so far. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat at 11.20 points or 0.13 per cent down at 8,578.60.
RBI Governor may lose veto power in deciding key interest rates
The revised draft of Indian Financial Code (IFC) has proposed taking away the Reserve Bank of India (RBI) governor's authority to veto the interest rate decision of the central bank's monetary policy committee. The draft proposed that the all-powerful committee would have four representatives of the government and only three from the Central bank, including the 'RBI chairperson'. The draft talks of 'RBI Chairperson' and not 'RBI Governor'. The first draft, submitted in March 2013, too had talked about the committee and majority vote, but gave powers to the RBI chairperson to supersede the decision of the panel. The IFC is an important legislation for the financial sector.
After beef, Maharashtra may see liquor ban
Maharashtra chief minister Devendra Fadnavis has said the state is positive about implementing a liquor ban across Maharashtra and a final decision will be taken after taking stock of three districts — Gadchiroli, Chandrapur and Wardha — where a ban is already in place. Fadnavis said in legislative council that "We will impose the (liquor) ban across the state after studying the results of the same currently imposed in three districts in the state."
19-year-old is youngest CA in India
Hyderabad's Nischal Narayanam is still in the teens but has become the youngest person in India to clear the chartered accountancy exam, considered to be one of the toughest in the country. He is also the youngest graduate at the Osmania University. However, the 19-year-old has to wait for two more years to enrol in the Institute of Chartered Accountants of India and elible to be a professional CA.
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