Dear all,
Welcome.
Planning Commission: Independent Evaluation Commission had recommended for dissolving Planning Commission. A report mentions that it had become mere parking lot for IAS officials. It functions as mere control commission for allocation of budget to States.
IEO DG had stated it in a report to PM. It had not changed it's working to cope up with modern economy. It should be abolished. A Planning dept. could replace it's role in finance ministry. Likewise, it's other financial powers should be given to States. It should work as a grievance addressing & reforms commission.
Planning Commission was constituted during 1950 under an act with it's President as PM designate. Dy. Chairman is having Cabinet minister status and other members have status of Minister for State. It is not responsible to Parliament. The new body should have representation of Centre, State, Parliament members & private sector too.
Welcome.
Planning Commission: Independent Evaluation Commission had recommended for dissolving Planning Commission. A report mentions that it had become mere parking lot for IAS officials. It functions as mere control commission for allocation of budget to States.
IEO DG had stated it in a report to PM. It had not changed it's working to cope up with modern economy. It should be abolished. A Planning dept. could replace it's role in finance ministry. Likewise, it's other financial powers should be given to States. It should work as a grievance addressing & reforms commission.
Planning Commission was constituted during 1950 under an act with it's President as PM designate. Dy. Chairman is having Cabinet minister status and other members have status of Minister for State. It is not responsible to Parliament. The new body should have representation of Centre, State, Parliament members & private sector too.
Antarctica: Japan is considering of forming a new base therein Antarctica so that Scientists could analyse air trapped since 1 million years back. Already, there are four stations with two in operation. Dome fuji station researchers had taken samples of 7.2 lakh years back at a dept of 3,000 metre. The proposed new station would be able to take samples of 1 million years back. A govt. panel discussion held during past week revealed that forthcoming six years antarctica project is likely to start from 2016.
4yrCourse: Tussle amongst UGC & Delhi University had been going on with DU taking its own stand. DU is working for a new formula wherein science stream would have four year course whereas Arts&Science stream would have three year course. NSUI had protested against it.
DU affiliated 36 colleges Principal's had also decided in a meeting that admission would not start till the matter is sorted out. The first cutoff list is postponed. Two guidelines from UGC & DU in this regard had come before DU Principals association.
DU affiliated 36 colleges Principal's had also decided in a meeting that admission would not start till the matter is sorted out. The first cutoff list is postponed. Two guidelines from UGC & DU in this regard had come before DU Principals association.
Missile Defence System: US had prepared missile defence system, which would destroy enemy's missile in between the route. The Long range ballistic missile would be interrupted through Ground based Midcourse defence. It was tested successfully on Sunday at Pacific Ocean. Boeing had spent 4000 crore dollars on it. Missile defence agency's director had stated it to be an important step. The missile was shot from Marshall Island and was intercepted by Wandenberg Air force based. The interceptor booster exoatmospheric kill vehicle (EKV) was also tested, which is able to run and intercept target on its own.
With regards,
With regards,
M.K.Pachraiya
Original_app_mssg(1) Online transactions
Original_app_mssg(1) Online transactions
All those who've fought long, painful battles with their banks over online fraud through access to passwords can take some comfort. Victims should henceforth be much better protected from financial disaster thanks to a new directive.
Customers of such fraud will only be liable to the extent of Rs 10,000--the bank has to
make good the rest of the amount. While the banks aren't too keen on the change and most are yet to formally accept it, they don't seem to have a choice. The Reserve Bank of India has the last word on banking rules and the directive is part of the code prepared by its Banking Codes and Standard Board of India (BCSBI) unit, which seeks to ensure that customers do not get a raw deal.
make good the rest of the amount. While the banks aren't too keen on the change and most are yet to formally accept it, they don't seem to have a choice. The Reserve Bank of India has the last word on banking rules and the directive is part of the code prepared by its Banking Codes and Standard Board of India (BCSBI) unit, which seeks to ensure that customers do not get a raw deal.
Banks are usually implacable when it comes to redressing such losses, asking customers to prove their innocence before restitution is made. The new code says that for any unauthorised internet banking transactions, the customer's liability is limited, irrespective of the funds moved out of the account. An unauthorised transaction is one that doesn't have the express and implied approval of the account holder.
"Where the customer has divulged the password or colluded directly or indirectly, the customer cannot disown the debit and is responsible for the transaction," said AC Mahajan,
chairman, BCSBI.
chairman, BCSBI.
"However, where he has neither contributed nor caused the debit or where he has notified or informed the bank about an unauthorised debit, the customer's liability is limited to maximum of Rs 10,000. Also, after notifying the bank he will not be liable for any unauthorised debit thereafter."
He added: "If a third party manages to get hold of the user ID or password in an
unauthorised manner and any debit takes place and which he notifies the bank, the maximum loss will be RRs 10,000."
unauthorised manner and any debit takes place and which he notifies the bank, the maximum loss will be RRs 10,000."
Also, the code says that customers will not be liable for any losss due to unauthorised fund transfers taking before they receive the password for internet banking transactions.
If the customer says that the unauthorised transfer of funds has been on account of a security breach by the bank and this is established, there will be no loss of money. Further, the onus will be on the banks to establish that customers have compromised the secrecy of their password. RBI data shows that technology related bank frauds have fallen in volume but risen in value.
In 2011-12, nearly 10,048 such fraudulent transactions for a value of Rs 38 crore were reported while in 2012-13 there were nearly 8,765 transactions worth Rs 67 crore.
In some instances, the liability could be lower than Rs 10,000. The new code says that in the event of any unauthorised transactions, this would be the lower of the following options: the actual loss at the time of notifying the bank; the limit set for such transactions; the balance available for withdrawal; a maximum of Rs 10,000.
For instance, if a customer has a balance of Rs 5,000 but the fraudster transfers Rs 25,000 by taking a temporary overdraft, the loss would be limited to the minimum balance
of Rs 5,000 in the account.
of Rs 5,000 in the account.
Original_app_mssg(2) Governors
The government is likely to appoint in one shot at least half-adozen new governors before Parliament resumes next month in a two-pronged exercise that will see Raj Bhavans being filled up by BJP veterans expected to be passed over for ministership in a widely anticipated Cabinet expansion.
The wholesale reshuffle will qualify as a rare instance of so many governors being appointed in one shot, in another example of an expected regime change that at the same time cements the new order in BJP.
This new order followed the party's emphatic victory in last month's general elections under Narendra Modi's leadership. Home ministry officials said that at least seven governor posts were expected to be vacant by the end of this month and would be filled up as soon as it happened.
"A list of the BJP veterans for governor posts is being prepared at the political level by the BJP and the RSS and is expected to be finalised by the end of this month for an announcement," a senior ministry official told ET on Monday.
Leading the list of replacement candidates, according to party sources, include a galaxy of BJP veterans and one-time party heavyweights, notably leaders such as Murli Manohar Joshi, Lalji Tandon, Keshubhai Patel, Shanta Kumar, CP Thakur, Kalyan Singh and Kailash Joshi.
"Naming the new governors and a Cabinet expansion are expected to be simultaneous events before the start of Parliament session," the home ministry official said.
Some of the leaders likely to be appointed governors would have otherwise been contenders for ministerial positions, and their being despatched to Raj Bhavans for largely ceremonial duties is part of the BJP's and RSS' desire to preserve their honour while populating ministerial positions with younger people whom Modi wants in his government.
The government will also be helped in its plans by a raft of retirements and resignations, both forced and voluntary, of governors.
Already, two governor posts are vacant with the resignations of Uttar Pradesh Governor BL Joshi and Chhattisgarh Governor Shekhar Dutt. Three more posts are set to be vacated in the next few days as the government has been sounded out by West Bengal Governor MK Narayanan and Nagaland Governor Ashwani Kumar that they will step down in a few days, one home ministry official said.
"The Goa Governor BV Wanchoo is being sounded out to put in his papers as CBI wants to quiz him and Narayanan in the AgustaWestland scam," the ministry official said. CBI Director Ranjit Sinha had told ET last week that CBI will quiz both the governors this month as part of its investigations into the AgustaWestland VVIP chopper scam.
The BJP's Goa unit has demanded the resignation of Wanchoo, with state unit president Vinay Tendulkar even saying that the governor should be sacked by the central government if he does not step down on his own.
To add to the kitty of vacant governor posts, the tenure of Karnataka Governor HR Bhardwaj is ending on June 29, while Tripura Governor Devanand Konwar ends a day earlier.
"There are hence expected to be seven vacant governor posts by the end of this month alone in which BJP veterans will be accommodated," the official said.
Bhardwaj, a veteran Congressman, had said after meeting Home Minister Rajnath Singh last week that it was a "natural expectation" on part of the senior BJP leaders to be accommodated as governors in the new government, effectively showing his reconciliation with the practice of successive governments staffing Raj Bhavans with their own people.
"Senior BJP leaders who are eligible should become governors," he had said.
Besides Bharadwaj and Konwar, it is also expected that some more UPAappointed governors could resign or they may be transferred to one of the north-eastern states. Kerala Governor Sheila Dikshit and Maharashtra Governor K Sankaranarayan have refused to step down so far unless there is an express instruction from the President.
The government, meanwhile, will have few more vacant governor positions in a few months. Two more vacancies are expected in less than two months when the term of Haryana Governor Jagannath Pahadia ends on July 26 and that of Rajasthan Governor Margaret Alva ends on August 5.
The government may allow them to continue until their tenure ends and is also expected to allow Gujarat Governor Kamla Beniwal, with whom Narendra Modi has had several run-ins while as chief minister, to continue until her term ends on October 14.
The government is likely to appoint in one shot at least half-adozen new governors before Parliament resumes next month in a two-pronged exercise that will see Raj Bhavans being filled up by BJP veterans expected to be passed over for ministership in a widely anticipated Cabinet expansion.
The wholesale reshuffle will qualify as a rare instance of so many governors being appointed in one shot, in another example of an expected regime change that at the same time cements the new order in BJP.
This new order followed the party's emphatic victory in last month's general elections under Narendra Modi's leadership. Home ministry officials said that at least seven governor posts were expected to be vacant by the end of this month and would be filled up as soon as it happened.
"A list of the BJP veterans for governor posts is being prepared at the political level by the BJP and the RSS and is expected to be finalised by the end of this month for an announcement," a senior ministry official told ET on Monday.
Leading the list of replacement candidates, according to party sources, include a galaxy of BJP veterans and one-time party heavyweights, notably leaders such as Murli Manohar Joshi, Lalji Tandon, Keshubhai Patel, Shanta Kumar, CP Thakur, Kalyan Singh and Kailash Joshi.
"Naming the new governors and a Cabinet expansion are expected to be simultaneous events before the start of Parliament session," the home ministry official said.
Some of the leaders likely to be appointed governors would have otherwise been contenders for ministerial positions, and their being despatched to Raj Bhavans for largely ceremonial duties is part of the BJP's and RSS' desire to preserve their honour while populating ministerial positions with younger people whom Modi wants in his government.
The government will also be helped in its plans by a raft of retirements and resignations, both forced and voluntary, of governors.
Already, two governor posts are vacant with the resignations of Uttar Pradesh Governor BL Joshi and Chhattisgarh Governor Shekhar Dutt. Three more posts are set to be vacated in the next few days as the government has been sounded out by West Bengal Governor MK Narayanan and Nagaland Governor Ashwani Kumar that they will step down in a few days, one home ministry official said.
"The Goa Governor BV Wanchoo is being sounded out to put in his papers as CBI wants to quiz him and Narayanan in the AgustaWestland scam," the ministry official said. CBI Director Ranjit Sinha had told ET last week that CBI will quiz both the governors this month as part of its investigations into the AgustaWestland VVIP chopper scam.
The BJP's Goa unit has demanded the resignation of Wanchoo, with state unit president Vinay Tendulkar even saying that the governor should be sacked by the central government if he does not step down on his own.
To add to the kitty of vacant governor posts, the tenure of Karnataka Governor HR Bhardwaj is ending on June 29, while Tripura Governor Devanand Konwar ends a day earlier.
"There are hence expected to be seven vacant governor posts by the end of this month alone in which BJP veterans will be accommodated," the official said.
Bhardwaj, a veteran Congressman, had said after meeting Home Minister Rajnath Singh last week that it was a "natural expectation" on part of the senior BJP leaders to be accommodated as governors in the new government, effectively showing his reconciliation with the practice of successive governments staffing Raj Bhavans with their own people.
"Senior BJP leaders who are eligible should become governors," he had said.
Besides Bharadwaj and Konwar, it is also expected that some more UPAappointed governors could resign or they may be transferred to one of the north-eastern states. Kerala Governor Sheila Dikshit and Maharashtra Governor K Sankaranarayan have refused to step down so far unless there is an express instruction from the President.
The government, meanwhile, will have few more vacant governor positions in a few months. Two more vacancies are expected in less than two months when the term of Haryana Governor Jagannath Pahadia ends on July 26 and that of Rajasthan Governor Margaret Alva ends on August 5.
The government may allow them to continue until their tenure ends and is also expected to allow Gujarat Governor Kamla Beniwal, with whom Narendra Modi has had several run-ins while as chief minister, to continue until her term ends on October 14.
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