Plan and Policy

Plan & Policy

Chanda to remain on leave; Bakhshi is COO for 5 years

Facing multiple probes for alleged lapses in corporate governance, ICICI Bank on Monday effected a shake-up in its top deck. Bank’s managing director and chief executive officer Chanda Kochhar, who faces serious charges of quid pro quo in her dealings with Videocon group, will go on leave till the completion of an independent enquiry announced last month.

4 regional players urge PM to resolve tussle

A day after they visited Delhi’s chief minister Arvind Kejriwal’s home after being denied permission to meet him at the L-G House where he is on a dharna, chief ministers of four states met Prime Minister Narendra Modi on Sunday and urged him to intervene in resolving the tussle between the lieutenant governor and government of Delhi, terming it a “constitutional crisis”.

Day 6 of Kejriwal’s dharna: AAP marches to PMO, halted midway

Spurred by participation of CPI(M) general secretary Sitaram Yechury and several Left workers, the Aam Aadmi Party on Sunday managed to stage a notable protest march but failed to reach its avowed destination — 7 Lok Kalyan Marg, the Prime Minister’s residence.

Amid the ongoing sit-in by party supremo and Delhi Chief Minister Arvind Kejriwal and his two cabinet colleagues at the lieutenant governor’s office, the AAP leaders and workers began the march from Mandi House but were stopped at Parliament Street police station, way behind the finishing line — 7, LKM.

Number of office leasing deals up 56% in last 5 years

The number of leasing transactions for prime office space annually has increa­sed by 56 per cent over the last five years in eight major cities but average size of the deal in volume terms fell by 10 per cent, according to pr­operty consultant JLL India.

In its latest study, JLL has found that 1,283 leasing tra­n­­sactions were closed last year in Grade A office buildings in the eight cities as against 823 during 2013.

States collect Rs 10K cr taxes online post e-gov initiatives

States have collected ta­xes to the tune of Rs 10,000 crore online since the rollout of transport mission mode project (MMP), which has also automated regional tra­nsport operations, under the Centre’s ambitious e-governance initiative.

The government has set up a consolidated nation-wise transport database and launched citizens and trade-centric applications under the e-governance initiative, according to a road transport and highways ministry's document.

22 GMs set to be elevated as EDs at PSU banks

The Banks Board Bureau (BBB), the advisory body formed by the government for selection of candidates for top-level board appointment, has recommended 22 general managers to be elevated as executive directors at the various public sector banks.

This is the first major exercise undertaken by BBB, headed by newly appointed chairman BP Sharma, former secretary, department of personnel and training. Sharma was appointed head of the panel in April after completion of two-year term of former CAG Vinod Rai.

States’ fiscal deficit falls 25% in FY18

Thirteen states have reported an average 25 per cent decline in their fiscal deficit primarily due to a contraction in capital outlay, even though their revenue has gone up by 7.5 per cent in the financial year to March 2018, says a report.

Niti Aayog may seek reports from states on key development plans

Government think-tank Niti Aayog may seek preparedness status of states on key developmental, pan-India central schemes and initiatives such as doubling of farmer income. States may also be asked for reports on progress of flagship schemes such as Ayushman Bharat, National Nutrition Mission and Mission Indradhanush.

The New India 2022 document could also seek improvement and progress on seven welfare schemes -- Ujjwala, Saubhagya, Ujala, Jan Dhan, Jeevan Jyoti Yojana, Suraksha Bima Yojana and Mission Indradhanush from the states, said sources.