Daily Archive: May 21, 2018

Board declares Mayawati’s official bungalow in Lucknow as Kanshiram memorial

Days after notices were served to six former UP chief ministers to vacate their government bungalows in Lucknow in consonance with a Supreme Court order, the BSP claimed that Mayawati’s residence was a memorial to party founder Kanshi Ram.

On the other hand, SP chief Akhilesh Yadav has sought permission to stay for two more years citing security reasons.

In support of the BSP’s claim, a board describing the sprawling bungalow of Mayawati as Sri Kanshiram Ji Yadgar Vishram Sthal was put up on the boundary wall of the premises at 13A Mall Avenue on Monday.

Till Sunday, the bungalow was the four-time UP chief minister’s official residence.

The development came after the estate department issued notices on May 17, asking the ex-CMs to vacate the bungalows within 15 days.

As Mayawati was in Delhi, her staff received the order in Lucknow. A senior BSP leader said she occupied a few rooms in the memorial and she will vacate them and shift to the nearby bungalow number 9 that she had purchased in 2010.

Since the bungalow had been converted into a memorial of Kanshi Ram, it would remain in the possession of the party, they said.

Estate officer Yogesh Shukla, however, said the bungalow was not the BSP’s property but belonged to the state government.

Gold, silver weaken on global cues

Mumbai, May 21 (PTI) Gold prices declined by Rs 35 to Rs 30,910 per 10 grams at the domestic bullion market here today amid a weak trend overseas and fall in demand from local jewellers.

Silver too declined following bouts of speculative selling amid lower industrial offtake.

Standard gold (99.5 purity) declined by Rs 35 to end at Rs 30,910 per 10 grams from its overnight closing level of Rs 30,945.

Pure gold (99.9 purity) also fell by a similar margin to conclude at Rs 31,060 per 10 grams as compared to Rs 31,095 previously.

Silver (.999 fineness) dropped by Rs 80 per kg to close at Rs 39,715 against Friday’s level of Rs 39,795.

7th Pay Commission: Yet another news comes as a big break for government servants

7th Pay Commission: The biggest impediment to salary hike announcement for central staff has been the tight position of the government in terms of its revenue inflows. As long as the economy was misfiring and inflation was hurting, the chances of a salary hike announcement remained remote. But over the last few months things have improved considerably with agency after reputed agency giving the Indian economy a thumbs up in terms of growth. Starting from 2014 when the new government took over to the year 2019 when the next election is slated, the economy is on a rising trajectory that may well climax next year. Indubitably, government servants are not the only people who are making demands that the Centre must look at. The same is coming from other sources like farmers. That this group is important is clear from the fact that today a new chief minister took over in Karnataka and the first thing he did was say that he was in talks with banks for waiving loans of up to Rs 1 lakh to farmers immediately. The Centre has many claimants too that it just cannot ignore.

But the country itself is getting into the comfort zone in terms of its economy. According to Fitch, India’s economic growth will accelerate to 7.3 per cent in the current fiscal and 7.5 per cent in the next. Post demonetisation and GST decisions, the economy has recovered well and is now all set to reap the benefits. Central government employees are expected to be among those who benefit. However, it also raised a warning – of rise in the public-debt and loose macroeconomic policy settings leading to high inflation and a widening CAD.

And now that another important election is over and the ruling party at the Centre has its Chief Minister in the Karnataka state chair, it is now in a much better position to look at taking tough decisions that can make or break the economy. Yes, the outgo on 7th Pay commission salaries is already big and if Centre agrees to hike it further as per the demands of the employees, then the amount rises by mammoth proportions. With the India pie itself increasing, a much more benign environment has been created for a salary hike based on a fitment factor jump to 3.68 times and increase in minimum pay to Rs 26,000.

The question on every staff members mind is – when will the announcement be made?