LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Tuesday, 4 November 2014

4 NOVEMBER 2014: Kelkar replaces Rangrajan as Brain of FinMin

Ø  Delhi appears headed for a mid-term Assembly election after all the major political parties — the BJP, Congress and the Aam Aadmi Party (AAP) — expressed their inability to form a government. Lt. Governor Najeeb Jung is likely to send a report to the President recommending dissolution of the Assembly, ending the eight-month-long political uncertainty. The Assembly has been in suspended animation ever since President’s Rule was imposed in mid-February. Mr. Jung had called the political parties for a consultation to explore the possibility of government formation. In separate meetings with him, all the three parties said they do not have the numbers to form a new government and sought fresh polls.
Ø  Tazeen Fatima, wife of Parliamentary Affairs Minister Mohammad Azam Khan, and five other Samajwadi Party candidates, including general secretary Ram Gopal Yadav, filed their nomination papers on Monday for the biennial elections to the Rajya Sabha. Former Lok Sabha MPs Neeraj Shekhar, Chandrapal Singh Yadav and Ravi Prakash Verma, and Javed Ali Khan also filed their papers.
Vijay Kelkar

Ø  Thirteenth Finance Commission Chairman Vijay Laxman Kelkar has been appointed as Chairperson of the Finance Ministry’s think tank National Institute of Public Finance & Policy (NIPFP). He replaces the former Reserve Bank Governor C. Rangarajan. Dr. Kelkar’s four-year term commenced, according to an NIPFP release. He was awarded the Padma Vibhushan in January 2011. Prior to this, he was Adviser to the Union Finance Minister from 2002 to 2004. He was also the Union Finance Secretary in 1998-1999. He was nominated as Executive Director of India, Bangladesh, Bhutan and Sri Lanka on the Board of the International Monetary Fund in 1999. He has also held various positions in government, public and private sectors.
Ø  Prime Minister Narendra Modi is learnt to have asked the Union Urban Development Ministry to adopt a more “hands-on” approach while drafting the smart cities project.

Ø  The entire migration route of Amur Falcons — from Nagaland to South Africa on to Mongolia and back to Nagaland — has been scientifically plotted, with scientists confirming that a satellite-tagged Amur Falcon ‘Naga’ has arrived almost a year after it began its journey. Amur Falcons travel up to 22,000 km a year — known to be one of the longest distances undertaken by migratory birds. The bird Naga was released in Doyang in Wokha district in Nagaland on November 7, 2013, and returned on October 29, 2014.
Amur Falcon


Ø  Thirteen years after the 9/11 terrorist attack, the resurrected World Trade Center is again opening for business marking an emotional milestone for both New Yorkers and the United States as a whole. Publishing giant Conde Nast will start moving Monday into One World Trade Center, a 104-story, $3.9-billion skyscraper that dominates the Manhattan skyline. It is America’s tallest building. 

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