SC to examine procedure for appointing SEBI chief

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The Apex Court said on Friday that it will examine the new procedure for appointing the chief of Securities and Exchange Board of India (SEBI). The court will take up the case on November 21.

The Attorney General has told the court that the Centre will file an affidavit within two weeks.

Today, the court heard a petition filed by former Air chief S Krishnaswamy and two others. The petition says, as per the new procedure adopted for selecting SEBI chief, a five-member selection committee is put in place instead of an old, three-member committee.

The petition further says, Finance Minister has been allowed to nominate two persons in the selection committee, and hence, the market regulator’s independence is taken away.

It also states that SEBI is controlled by few persons in the Finance Ministry and extension was denied to SEBI’s ex-chief CB Bhave to protect illegal actions of private players. The petition claims that functioning of SEBI is hampered by political interference and unholy nexus between corporate houses and political bigwigs.

Suhaib Ilyasi

The plaguing negativism in Indian bureaucracy

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The plaguing negativism in Indian bureaucracy.

The plaguing negativism in Indian bureaucracy

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The plaguing negativism in Indian bureaucracy Is India developing on the pretext of being a conformist nation denying to break through the established standards of conduct?Are we a nation which is dreaded of taking bold decisions? At least this is what is visible if we look at the current state of affairs as far as the bureaucracy is concerned.The aftermath of this phenomenon may not be strikingly visible today but it will have its effects on the surface after two years from now. Public sector Chairmen and Managing Directors seem to be vary of taking bold decisions on important business deals thus hampering the growth of their undertakings and lack a go-getters attitude which is necessary for all the PSUs to take that leap to expand their business offshore. Bureaucrats are dithering to move files with key financial implications
and are dreading a future quandary which may put their career growth at stake. The caution continues with ministers as well. It is true that those guilty of jumping the formidable line for personal gains should be taken to task but it is equally unfair to paint every bureaucrat with the same brush. The result of which is that hardly any bureaucrat is audacious enough to resolve the stalemate in any of the key matters. Suhel Seth in his column rightly points out, “It is not about the deed. It is always about the intent.” Even the self-proclaimed crusaders against corruption are not untouched by controversies over their personal gains. Kiran Bedi has been rightly pointed out as one such example by many in the media and governance.

However, the negativism among fellow bureaucrats is something that the newly appointed Principal Secretary to the Prime Minister, Pulok Chatterji, has to deal with. While former Cabinet Secretary KM Chandrasekhar was known for his fire-brand capability of taking decisions under tight circumstances, it is to be seen how his successor, AK Seth,manages the billet and the task of encouraging bureaucrats to emerge from the current hysteria. In this context, we should note a contrast in Karnataka where former Chief Minister Yeddyurappa was saving his face by protecting some of his shady Cabinet Ministers but a bureaucrat was dutifully obeying the Supreme Court orders of a ban on mining activity in Bellary. Deputy Commissioner Amlan Aditya Biswas, IAS, seized trucks carrying 9,000 metric tonnes of iron ore to the “(in)famous” Reddy brothers’ corporation. Even when the people in power were trying to bamboozle his tenure in Bellary Biswas’s courage made the apex court put a ban on his transfer or posting to another district. Meet this month’s Bureaucrat of the month for his courage and dutifulness, a trait every young bureaucrat must take a cue from.

DK Mehrotra to be next Chairman, LIC

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A high level panel headed by Finance Secretary RS Gujral is understood to have zeroed in on acting chairman DK Mehrotra to head the country’s largest insurer Life Insurance Corporation.

The panel interviewed 5 candidates including Mehrotra for the post of regular Chairman.

Besides Mehrotra, Sushobhan Sarkar, executive director, international operations, D Vijayalakshmi, executive director, investment, Thangam Matthew, executive director, underwriting and reinsurance and D D Singh, zonal manager, south, appeared in the interview, sources said.

Department of Personnel & Training (DoPT) Secretary Alka Sirohi, Financial Services Secretary DK Mittal, IRDA Chairman J Hari Narayan, among others, were part of the panel, Bureaucracy Today sources said.

Suhaib Ilyasi

Haryana govt transfers 14 IAS, 31 senior IPS

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In a major administrative reshuffle, the Haryana government on October 28 transferred 14 IAS and 31 senior police officers, including 27 IPS.

The 14 IAS officers includes Deputy Commissioners of nine districts.

Ram Niwas, awaiting order of posting, has been posted as Financial Commissioner and Principal Secretary Development and Panchayats Department. Jhajjar DC Chander Parkash has been posted as Secretary, Haryana Board of School Education, Bhiwani in place of Shekhar Vidyarthi, who is the new Deputy Commissioner of Yamunanagar in place of Sameer Pal Srow.

Bhiwani DC CR Rana becomes Special Secretary to Health Department and Mission Director, NRHM and Commissioner of Food and Drugs Administration in place of Rakesh Gupta, who becomes Deputy Commissioner, Faridabad.

Kaithal DC Amneet P Kumar will be new HUDA Administrator, Faridabad vice Ajit Balaji Joshi will be the new Jhajjar DC. The transferred police officers include IGPs of Karnal, Rohtak and Hisar Range and SPs of Rewari, Hisar, Faridabad and Gurgaon.

Chidambaram to decide on Armed Forces Special Powers Act

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Chidambaram to decide on Armed Forces Special Powers Act.

Chidambaram to decide on Armed Forces Special Powers Act

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Army chief General Vijay Kumar Singh has said that the Army has given its opinion on rollback of the Armed Forces Special Powers Act (AFSPA) in Kashmir and now it’s for the Home Ministry to decide.

“See this is within the purview of the Ministry of the Home Affairs. They are debating this. We have given our inputs. I would not like to say anything more than that,” he said when he was asked about his views on the AFSPA debate.

Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday reached out to the Army over the revocation of the controversial AFSPA. The Chief Minister said that the proposed withdrawal of the Armed Forces special Power Act from certain areas of the state was in no way an effort to undermine the role of the Army.

The Chief Minister had, just last week, announced at a police function that the AFSPA would be removed from some areas in Jammu and Kashmir.

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