Showing posts with label UPA government. Show all posts
Showing posts with label UPA government. Show all posts

Wednesday, 5 November 2014

Compare NDA and UPA stance on black money: Radha Mohan Singh

"Black money issue has today become an important issue in the country. Leaders of different political parties are expressing their opinion on the subject. In my view a leader shall speak with gravity on the matter after pondering over comparative efforts of NDA and UPA governments on the topic," Singh said in a statement here.
  
The Union Agriculture minister's statement seems aimed at RJD chief Lalu Prasad and JD(U) leader Nitish Kumar who have been attacking Prime Minister Narendra Modi on black money issue.
  
Singh, MP from Motihari, said in 2011 Supreme Court had ordered for constitution of SIT (Special Investigation Team) which UPA (in which Lalu Prasad and Nitish Kumar are important partners today) had vehemently opposed.
  
In November 2013, Congress-led UPA had filed a petition in the SC requesting permission to make some changes in the Apex Court order on setting up SIT which the court had disallowed, he said.
  
In May 2014, in its last days UPA had submitted a review petition in the SC requesting quashing of its order on SIT constitution, Singh said.
  
The UPA deliberately created delay in the SC on the issue and in the meantime it pardoned over 100 account holders in foreign banks where black money was stashed away, the minister said and added the Apex Court had expressed its annoyance over the stance.
  
On the contrary, the Narendra Modi government in its very first Cabinet meeting approved the proposal to constitute SIT on black money, Singh said.
  
SIT Chairman M B Shah has appreciated the government for handing over list of account holders prepared on the basis of information from France and Germany, he said.
  
The SIT chief has said it was clear from government's efforts that it did not want to protect anybody, Singh said hailing Union government on black money issue.

Friday, 31 October 2014

Government to start selection for 8 PSU bank heads by November-end

A panel, headed by RBI Governor Raghuram Rajan, is expected to hold interviews of eligible candidates for the post of Chairman and Managing Directors of 8 public sector banks in the last week of November, sources said.
  
Besides RBI Governor, sources said, the other members of the interview panel would include Deputy Governor of RBI, Department of Financial Services Secretary and a few external members.
  
The interview process would be objective and transparent, sources said, adding that the interviews of eligible candidates would be held in Mumbai.
  
Following the shortlisting by the high level panel, the name of the candidates would be sent to Appointments Committee of Cabinet (ACC) and other necessary clearances.
  
Earlier this week, the government scrapped the selection of six PSU bank heads and 14 executive directors (EDs) during UPA tenure following a separate panel finding irregularities in the process.
  
The UPA government had shortlisted heads of Bank of Baroda (BoB), Canara Bank, Indian Overseas Bank (IOB), Oriental Bank of Commerce, United Bank and Vijaya Bank.
  
Besides, vacancies of CMDs have arisen in Punjab National Bank and Syndicate Bank due to non-grant of extension and arrest respectively.
  
Following the arrest of Syndicate Bank Chairman and Managing Director S K Jain, the ministry had set up a committee comprising Expenditure Secretary, RBI Governor and Secretary School Education to examine the selections process.
  
"After receipt of the report of the Committee, the government has decided to cancel the current selection process of CMDs/EDs of Public Sector Banks (PSBs)," the statement had said.
  
To fill up these 8 vacancies of CMDs along with those of 14 executive directors, the government decided the selection would be done by a panel necessarily comprising of RBI Governor or his nominee.
  
Syndicate Bank chief Jain was arrested in August for allegedly receiving a bribe of Rs 50 lakh to enhance credit limits of a company.