Daily Archive: June 20, 2018
Mahindra & Mahindra has launched the stretched TUV300 SUV version that can fit nine passengers. The TUV300 Plus is offered in the 2.2-litre diesel engine in three variants and five colour options. After months of dilly-dallying, Mahindra & Mahindra has finally launched nine-seater version of the TUV300 SUV christened TUV300.
India’s Chief Economic Adviser Arvind Subramanian is standing down after serving for nearly four years and would return to the United States, union minister Arun Jaitley said on Wednesday.
‘He would like to go back to the United States on account of pressing family commitments. ..He left me with no option but to agree with him,’ Arun Jaitley said in a Facebook post. Subramanian’s term would not be extended, Jaitley said.
Jaitley did not specify when Subramanian would leave his post. Subramanian later said said he will leave the finance ministry in a month or two with the ‘best of memories’.
Subramanian joined as the chief economic adviser on October 16, 2014 for a period of three years, which was extended by another year till October 2018.
In his Facebook note titled ‘Thank you Arvind’, Jaitley said Subrmanian had been ‘torn between family commitment and his current job’ when he had requested him to continue at the post last year.
Subramanian expressed his desire to go back to the United States to Jaitley over video-conferencing, he said.
The CEA is usually the key go-to person for advice for the finance minister on macro-economic matters, and primary responsibilities, among others, include authoring the mid-year analysis and the Economic Survey.
Outlining some of his key achievement, the minister said Subramanian’s four Economic Surveys ‘have been judged by several independent critics as some of the best ever produced’.
‘He [Subramanian] thought ahead and, therefore, came out with futuristic ideas on rationalisation of removal of ‘subsidies for the rich’, universal basic income, climate change, from ‘socialism without entry and capitalism without exit’ and the four C’s that he had historically paralysed decision making’, Jaitley wrote.
Responding to Jaitley’s announcement, Subramanian said his job as the CEA has been the most ‘rewarding, fulfilling, exciting’ he ever had.
The opposition Congress said Subramanian’s exit was not a surprise as all ‘financial experts’ in the Narendra Modi government are fed up of its ‘collossal economic mismanagement” and are stepping down.
Congress communications in-charge Randeep Surjewala cited the examples of ex-Niti Aayog vice chairman Arvind Panagariya and former RBI Governor Raghuram Rajan in this regard.
The CEA found himself in the centre of a controversy last year, when he said commenting on the beef ban would cost him his job. His strong criticism of the Reserve Bank of India’s stance on monetary policy, when it did not reduce interest rates in May 2017, also attracted a lot of attention.
Before moving to New Delhi as the CEA, Subramanian had advised the Indian government in various capacities. He was also a part of the finance minister’s expert group on the G-20.
Subramanian also worked as an assistant director in the International Monetary Fund’s research department during the course of his career. Besides this, he was associated with the General Agreement on Tariffs and Trade (1988-92) during the Uruguay round of trade negotiations, and taught at Harvard University’s Kennedy School of Government (1999-2000) and Johns Hopkins’ School for Advanced International Studies (2008-10).
Bhopal, Jun 20 Chairman of the Madhya Pradesh Gau Samvardhan Board (cow protection board) Swami Akhileshwaranand Giri has sought formation of `Cow Ministry’
in the state.
As per the board’s proposal to the government, the ministry can avail of a part of the funds earmarked for the Mahatma Gandhi National Rural Employment Guarantee Act works.
“When Anand Mantralaya (Ministry of Happiness) can be constituted, why can’t there be a Gau Mantralaya? Chief Minister Shivraj Singh Chouhan himself keeps a cow at his residence. The Gau Samvardhan Board has prepared a proposal and conveyed it to the CM,” the religious leader told PTI.
Last week, Giri was elevated to the rank of cabinet minister. Earlier he enjoyed the rank of minister of state.
“Currently matters related to the cow are dealt with by the Animal Husbandry Department. We want a ministry exclusively for the cow. The cow should be kept out of the animal category,” Giri said.
The board has a meagre annual budget of Rs 16 crore and no powers, so a separate ministry is needed, he said.
The ministry can promote “cow-related industry”, create jobs for rural youth and conduct research in the field of cow breeding, he said.
Rajasthan has set up a directorate for cows, but it too is inadequate, he opined.
“Over 1.5 lakh cows are taken care of at 604 registered Gaushalas (cow shelters) in MP. Around the same number roam free on roads. The number of cows is expected to increase by 25 per cent in the next livestock census,” he said.
“The board has proposed that out of MNREGA funds (around Rs 15,000 crore for the state), Rs 1,000 crore can be given to the cow ministry. MNREGA also covers works related to livestock protection,” Giri said.
He also thanked Chouhan for increasing the grant for cow shelters to Rs 17 per animal against the earlier Rs 1.50.Source: PTI