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

A blueprint of India’s economic future: From a former RBI governor

From Dependence to Self-Reliance: Mapping India’s Rise as a Global Superpower By Bimal Jalan Rupa Publications, 184 pages, Rs 695 Bimal Jalan, a former governor of the Reserve Bank of India (RBI), has been one of our finest commentators on econom

Carbon neutrality: distant dream or a possible future?

While many countries have been chasing to reach the carbon neutral status, only a few seem to be living up to their pledges as of now. The famous ’Paris Agreement’ of 2015 was glorified and celebrated that finally 196 countries have united with an intent to mitigate and reduce the greenhouse ga

Agnipath: benefits and challenges on the path ahead

The government this week announced the Tour of Duty or `Agnipath` scheme for the recruitment of soldiers in the armed forces. Under this scheme new soldiers will be recruited only for four years. This radical and far-reaching scheme has attracted mixed reactions from various quarters. While some officials

Connecting credit card with UPI: What it means for you

UPI has become an integral part of our daily lives now. We use it to buy groceries, we use it to send money to friends and family, we use it to purchase tickets, book shows, pay the cab driver, and a whole host of other things due to the ease and availability of such a platform at our fingertips. The best

Gandhi’s letters to his youngest son also hold his aspirations for nation

Scorching Love: Letters from Mohandas Karamchand Gandhi to his son, Devadas By Gopalkrishna Gandhi and Tridip Suhrud Oxford University Press, 528 page, Rs 1495 Gandhi’s era happened to be an era when letter-writing was a primary mode of communica

‘In Mumbai, society, police forces triumphed over Covid-19’

Crediting the citizens of Mumbai for coming forward to help the police in combating the crisis situation due to Covid-19, Mumbai police commissioner Sanjay Pandey has said that Mumbai Police lost quite a few policemen during the pandemic but cumulative efforts, with citizens working hand in hand with the p

Visionary Talk: Sanjay Pandey, Mumbai Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter