Tracking the top job in Rlys

Even as government circles were abuzz over whether Cabinet Secretary K M Chandrasekhar would get another extension, a parallel succession drama was being played out in the Railways Ministry over who would succeed outgoing Railway Board Chairman S S Khurana. This side show is still not over.

Despite Railway Board’s Member Traffic Vivek Sahai having remained a frontrunner, doubts are now being raised over his candidature with reports of him having fallen out of favour with Railways Minister Mamata Banerjee doing the rounds. But those batting for Sahai were quick to point out that his elevation from the post of Northern Railway’s General Manager to Member Traffic, by getting the then Member Traffic Sri Prakash to make a voluntary exit from service just 20 days before his retirement, was meant to ensure that Sahai was in line for the top job.

But insiders believe things are not going according to script as other eligible members have started lobbying. Meanwhile, Khurana, who led a team of senior officials to West Bengal following last week’s train crash, failed to get an audience with Mamata before demitting office.

As per sources, Khurana kept trying to meet Mamata till the last minute, but she was too occupied with the accident and the preparations for the West Bengal civic elections. So she chose not to meet any of the railway officials who had flown in from Delhi.

India’s Manhattan heroes

Rumours that a committee comprising Cabinet Secretary K M Chandrasekhar, Home Secretary G K Pillai and National Security Advisor Shivshanker Menon had been set up to coordinate on all matters relating to security and intelligence may not be fully accurate, but it has not stopped the three from becoming a subject of babu jokes. With all hailing from Kerala, these three powerful officers are now being compared to the trio of Hungarian scientists — Leo Szilard, John van Neumann and Edward Teller — who had collaborated on the famous Manhattan Project, the name given to the secret project that produced the atomic bomb during the World War II. It is said that whenever those three scientists had to discuss anything secret regarding the bomb, they decided the best way was to speak in their native language, Hungarian.

Now Chandrasekhar, Pillai and Menon can use the same ploy — speak in Malayalam on top secret matters of national security.

Rajasthan ATS granted permission for narco test on Ajmer blast suspect

Ajmer, May 3 (ANI): A court in Ajmer on Monday granted permission to the Rajasthan Anti Terror Squad (ATS) to conduct a narco-analysis test on Devendra Gupta, who was arrested for his alleged role in the 2007 Ajmer Dargah blast.

Additional Chief Judicial Magistrate-I Ajmer Khagendra Sharma granted permission to the ATS, who had moved the court on Saturday to seek permission to carry out the test.

An ATS team will take Gupta to Hyderabad to get the tests conducted.

Gupta, who is allegedly linked to Hindu outfit Abhinav Bharat Sangathan, was arrested last week from Ajmer when he had come to meet his ailing mother.

He is suspected to be involved in the blast inside the Dargah of Khawaja Moinuddin Chishti.

The ATS has so far arrested three persons in the blast case- Devendra from Ajmer and Chandrashekhar and Vishnu Patidar from Madhya Pradesh.

Gupta and Chandrashekar are in police remand and are being interrogated by the ATS in Jaipur. They will be produced before the court on May 12.

Police are also probing Gupta”s alleged links with Sadhvi Pragya Singh Thakur, a key accused in the Malegaon blast case.

Chandrasekhar, who is also suspected to have connections with Hindu right-wing groups, is alleged to be a key member of the terror module involved in the Ajmer blast.

At least three persons were killed and over 15 others were injured in the Ajmer Dargah blast in 2007. (ANI)

Srikrishna Committee holds consultations with political parties

New Delhi, Apr 17 (ANI): The Srikrishna Committee, constituted to resolve the issue of carving out of separate state of Telangana from Andhra Pradesh, held consultations with political parties.

The panel met a 10-member delegation of the Telangana Rashtriya Samiti (TRS), the regional party spearheading the campaign for Telangana, led by party chief K Chandrasekhar Rao.

“He (K Chandrasekhar Rao) had several points, which he has made, which needs to be carefully considered, that is all I can say,” said Justice B N Srikrishna, who heads the panel named after him.

The five-member committee will meet other parties in Hyderabad next week.
“We are going to meet the other parties on 22nd and 23rd in Hyderabad and this will continue,” said Srikrishna.

Rao said the “committee was satisfied with the meeting and they told us that our presentations were informative.”

“We are not getting due share of fruits of development. Our resources are being deployed in some other area. In polity also, we are not getting what we are supposed to get. So we stressed the need for a Telangana,” he added.

The Central Government constituted the Justice Srikrishna Committee on February 3, nearly two months after it had announced that steps have been initiated for the formation of a separate state of Telangana.

Pro-Telangana activists had revived an agitation since December 23, after the central government deferred its promise to initiate the process for bifurcating Andhra Pradesh.

The agitation witnessed series of violent incidents in the twin cities of Hyderabad and Secunderabad, as well as some other parts of the state. (ANI)

Food inflation coming down, says Cabinet Secretary

New Delhi, Mar 30 (ANI): Cabinet Secretary KM Chandrasekhar said on Tuesday that food inflation is coming down as prices of sugar, vegetables and pulses are witnessing a steady decline.

Speaking to reporters on the sidelines of the inauguration ceremony of a two-day SAARC workshop here, Chandrasekhar said: “Food inflation if you see, sugar prices have come down, pulses prices have come down, wheat and rice prices are stable, vegetable prices have come down. So, food inflation, even if you take the inflation figures, they have been coming down.”

“The percentage of inflation means, what is the current inflation as compared to what it was last year. Last year at this point of time, the inflation rates were particularly low. So, when you compare to last year it even came down to -1.5. So, if you compare the current rate with last year, you are comparing it with a very low base. Now once the base changes, you will see that the inflation rates also come down. I think predominantly, it is not the high inflation…price inflation that you are seeing, that is more base inflation is coming down,” he added.

India”s food inflation rates fell to its lowest level in four months at 16.22 per cent for the week, which ended on March 13, from 16.3 percent the week before.

The annual wholesale price inflation, however, accelerated to 9.89 percent in February, the highest since October 2008 and well above the Reserve Bank of India”s end-March projection of 8.5 percent and the 8.56 percent January reading. (ANI)

AP loses property worth over Rs 250 cr over Telangana issue

As Andhra Pradesh boils over the Telangana issue, public and private properties worth over Rs 250 crore were destroyed by protesters in all the three regions of the state so far, government sources said.

Adding the loss caused to businesses because of the seemingly unending spate of shutdowns in Telangana, the figure could be a few hundred crores of rupees more.

Of the total loss to properties, about 80 per cent was caused in Telangana region alone where people demanding a separate state have been more “violent,” the sources said. As many as 52 public and 28 private properties were burnt while 62 public and 114 private properties were damaged in the violence that broke out in Telangana region from November 29 to December 9, after TRS chief K Chandrasekhar Rao began his indefinite fast demanding separate statehood for Telanagana.

The agitations supporting a united state recorded 37 public properties and 11 private properties being burnt and 46 public and 47 private properties damaged between December 10 and 23, statistics compiled by the police reveal.

The state-run Andhra Pradesh Road Transport Corporation (APSRTC) bore the brunt of the strife with 35 buses being burnt and another to 214 damaged. 50 private buses were also damaged and seven were set on fire by Telangana protesters.

Pro-Telangana groups went on a rampage and damaged as many as 268 buses in the state capital and other districts of Telangana region on a single day following the Centre’s announcement on the statehood issue on December 23. Besides, over 50 public and over 150 private properties were also badly burnt or damaged in the second round of “protests” in Telangana so far.

According to Transport Minister S Vijayarama Raju, APSRTC suffered a loss of over Rs 110 crore since November 29.

“These are only bare estimates as the destructions are still continuing in Telangana region,” a top ranking bureaucrat said.

The protesters also targeted railway properties causing a loss of several crores of rupees due to burning of four railway stations and other damages at various places in all the three regions of Andhra Pradesh.

The protesters damaged railway signalling panels and equipments besides burning two bogies and pelting stones on two Express trains.

“Apart from attacks on railway properties in view of bandhs, rail rokos and demonstrations, railways are also losing particularly due to non-transportation of goods and parcel which are lying at different railway stations,” a senior official of the South Central Railway (SCR) said.

The protesters did not spare telephone exchanges, cell phone towers. They also set fire to optical fibre cables at a BSNL warehouse in Anantapur causing over Rs 30 lakh loss. The number of persons who ended their lives demanding

Telangana state was three times higher in the region with 18 persons resorting to the extreme step while six persons committed suicide in support of unified Andhra Pradesh.

As many as 82 persons tried to end their lives for Telangana state while 49 attempted suicide in Andhra and Rayalaseema regions, police sources said.

Flintoff’s decision to reject ECB contract will benefit Chennai Super Kings

Sydney, Sep 18 (ANI): The Indian Premier League would be benefited after Andrew Flintoff rejected the ECB contract, said Chennai Super Kings, the team the England all rounder plays for in the IPL.

Chennai Super Kings manager VB Chandrasekhar said Flintoff’s decision to reject the contract would greatly benefit Chennai, but only if he was fit.

“But the thing is,” he said, “it’s not just about what a cricketer can give on the field. ‘Fred gives us a full package – in terms of marketing he is very valuable. Last time he was of great value to our dressing room, even when he wasn’t playing; someone of that aura can lift the team,” The Sydney Morning Herald quoted him, as saying.

The development comes amid bizarre reasoning by his manager, Andrew Chandler, that Flintoff rejected the ECB contract because he might have to go “bungee jumping”.

With Flintoff’s troubled injury history and the unproven results of his radical treatment in Dubai, any further damage to his knee could be career-threatening and he may be forced to pay for his own treatment.

The Super Kings pay Flintoff 1.55 million dollars a season and expressed sympathy with his plight, saying they may pay for rehabilitation depending on the circumstances, but did not guarantee it.

“There is a rule that says if it is a pre-existing injury, then the IPL team is not liable,” Chandrasekhar said.

“If you have taken a player in and if it is a serious injury and has occurred during the IPL, sometimes you have to weigh that up. We pay him on a match-to-match basis,” he added.

Under the IPL regulations, players must declare previous injuries, but Chennai is fully aware of the well-publicised knee problem that kept Flintoff out of the fourth Ashes Test.

Flintoff’s IPL future after 2010 is also in doubt, as he requires a No-Objection Certificate from the ECB. Granting him one would set a dangerous precedent for the board, as other players could follow his lead – precisely what the certificate is designed to prevent. (ANI)

NSA to convene China Study Group meeting to discuss incursion fallout

New Delhi, Sep.17 (ANI): National Security Advisor M K Narayanan will hold a meeting of the China Study Group – consisting of top officials including Cabinet Secretary K M Chandrasekhar and Secretaries of Defence, Home and Foreign Ministries – here today.

The meeting is expected to take stock of the situation along the Sino-India border, official sources said.

Besides Chandrasekhar, the meeting will be attended by Defence Secretary Pradeep Kumar, Home Secretary G K Pillai and Foreign Secretary Nirupama Rao.

Top officials of the three armed forces and the Intelligence Bureau will also attend the meeting.

The meeting assumes significance in wake of recent reports of incursions by the Chinese army in Ladakh, Sikkim and Arunachal Pradesh, involving the air dropping of expired food canes, painting of rocks red among others.

Another media report said that two Chinese Sukhoi fighters had transgressed into Indian air space last month.

The Indian Air Force, however, says no unscheduled flight inside Indian air space had taken place last month. (ANI)

J and K Govt seeks Center’s clearance to construct concrete huts along LAC

Srinagar, Sep 16 (ANI): The Jammu and Kashmir Government has sought clearance from the Ministry of Defence to construct huts like along the Line of Actual Control (LAC) bordering China.

According to sources the State Government forwarded this proposal with the aim of strengthening the Indian presence along the LAC.

State Revenue Minister Raman Bhalla, said concrete huts would also help the nomadic shepherds to stay.

Nomadic shepherds are currently using mobile tents.

Recently Leh’s Deputy Commissioner Ajit Kumar Sahu said, the Chinese had threatened some shepherds in the remote regions of the district.

The State Government is also reportedly planning to house revenue officials and guards to monitor Chinese activities along the Pangong Lake, sources said.

Meanwhile, National Security Advisor M.K.Narayanan has called a meeting of the China Study Group of the Union Government on Wednesday, to discuss the situation along Indo-China border.

Cabinet Secretary K.M. Chandrasekhar, Defence Secretary Pradeep Kumar, Home Secretary G. K. Pillai, Foreign Secretary Nirupama Rao, Senior officials of the Army, the Air Force and the Navy, officials from the Intelligence Bureau (IB) would also attend the meeting. (ANI)

NSA to convene China Study Group meeting to discuss incursion fallout

New Delhi, Sep.16 (ANI): National Security Advisor M K Narayanan will hold a meeting of the China Study Group – consisting of top officials including Cabinet Secretary K M Chandrasekhar and Secretaries of Defence, Home and Foreign Ministries – on Thursday (September 17).

The meeting is expected to take stock of the situation along the Sino-India border, official sources said.

Besides Chandrasekhar, the meeting will be attended by Defence Secretary Pradeep Kumar, Home Secretary G K Pillai, oreign Secretary Nirupama Rao. Top officials of the three armed forces and the Intelligence Bureau will also attend the meeting.

The meeting assumes significance in wake of recent reports of incursions by the Chinese army in Ladakh,Sikkim and Arunachal Pradesh, involving the air dropping of expired food canes, painting of rocks red among others.

Another media report said that two Chinese Sukhoi fighters had transgressed into Indian air space last month.

The Indian Air Force, however, says no unscheduled flight inside Indian air space had taken place last month. (ANI)

MIC post hopeful offers free air tickets to Chennai in exchange of vote

Kuala Lumpur, Sep. 4 (ANI): T. Ananthan, who is contesting as for a seat in Malaysian Indian Congress central working committee has declared that five delegates who vote for him in September 12 elections will get free air tickets to Chennai.

The former journalist is offering five return air tickets to Chennai in a lucky draw after the voting.

“I am giving this as an incentive to the delegates regardless of whether I win or lose,” the Star Online quoted him, as saying.

Although it is unlikely that the team endorsed by party president S. Samy Vellu will be toppled, but independents still want to try their luck.

Dr Vasan Sinnadurai, a consultant orthopaedic surgeon, who received financial assistance from the MIC to further his studies in India, said he wants to repay the debt by serving the community.

R. Ananthan, MD of the Precision Engineering Company, said he was offering his services after having been involved in the MIC for 30 years.

“Division chairman Chandrasekhar Suppiah has stepped aside to allow me to contest. I am grateful to him,” he said. (ANI)

Dry spell hits Chhattisgarh

Reeva (Chhattisgarh), Aug 30 (ANI): Prolonged dry spell loomed large over Chhattisgarh, known as ‘rice bowl of central India’.

Lack of proper rainfall, a requisite for a good yield of rice, has left the farmers deeply worried.

Though the sowing has been done in 92 per cent of the targeted area, the yield is bound to be affected badly as cracks appear in fields due to lack of water.

Reeva is one such village.

“The paddy has been sown but cracks have developed in the fields due to lack of water. I haven’t seen anything like this before,” said Banarasi, a farmer.

The farmers have sown hybrid variety of rice and have invested around rupees 2,800 a substantial amount, for these poor farmers who are already reeling under financial crisis.he paddy crop in many fields has been damaged due to intense heat.

“I had sown paddy and maize. I had sown hybrid variety of paddy and had purchased it for rupees 2,800 from Baikunthapur and had worked very hard in the fields. But despite all this, the crop has started drying up. My entire labour and money is wasted. I have not seen such a situation before,” said Sudama, another farmer.

The farmers want the government to declare their region as drought hit and provide them aid.

According to State Agriculture Minister Chandrasekhar Sahu, the yield of the paddy is bound to go down and is likely to be reduced to around 60 per cent of the usual produce in the state.

“Considering today’s scenario, we have estimated that this year, there will be around 60 per cent less produce than the normal production in the region,” said Sahu.

The production of rice in Chhattisgarh was 5.7 million tons in 2008.

But this year’s poor monsoon is making it difficult to meet the higher target in a state where around 80 per cent of the total population is dependent on agriculture.

Eighteen districts of the state have been declared drought hit by the state government.

Around 70 per cent of Chhattisgarh’s agricultural area is totally dependent on rains. By Shiv Shankar Sarthi (ANI)

Karat says Third Front, BSP leaders to meet on May 18

New Delhi, May 13 (ANI): CPI(M) General Secretary Prakash Karat said on Wednesday that leaders of the Left and the Bahujan Samaj Party (BSP) would meet on May 18 to discuss the possibility of forming an alternative secular government.

Addressing a news conference in the national capital after a meeting of Left leaders, Karat said: “Leaders of non-Congress, non-BJP will meet here on May 18 to decide the future course of action. BSP will join these discussions where we will explore the possibilities of forming an alternative secular government.”

Karat said the Left parties will meet in New Delhi on May 17 which will be followed by the CPI(M)’s Politburo meeting on May 18 and Central Committee the following day.

“This will be the first round of meeting among the parties,” he said.

Asked whether TRS has been invited to the meeting, Karat said: “TRS is not in this. He (K Chandrasekhar Rao) has obviously found some other place.”

On reports about BJP sending feelers to TDP, Karat said he was in touch with TDP chief N Chandrababu Naidu on a “daily” basis. “In fact, it was he (Naidu) who asked me to make this announcement,” he said. (ANI)

Air India to have new interim chief

New Delhil, April 26 (ANI): Disappointed over the performance of state-run carrier Air India, the government has decided to appoint an interim chairman and managing director for the carrier, officials said.

E.K. Bharat Bhushan, who is presently serving as joint secretary and financial adviser in the civil aviation ministry, will replace incumbent Raghu Menon, an officer of the Indian Administrative Service (IAS).

The decision was taken after a high-power meeting held in the capital on Friday chaired by Cabinet Secretary K.M. Chandrasekhar and also attended by Principal Secretary in Prime Minister’s Office T K A Nair and Civil Aviation Secretary M Madhavan Nambiar.

“Mr. Menon may be considered for the new regulatory authority for the sector. He is currently on leave,” a senior official in the ministry said, referring to the proposed Airports Economic Regulatory Authority.

Bharat Bhushan, however, will continue to serve as joint secretary and financial adviser.

However, a search has also been launched to find a regular chief to run the National Aviation Company of India Ltd, that was formed last year after Indian Airlines was merged into Air India.

Meanwhile, the change has come in the backdrop of falling market share of the state-run carrier even though it is going through a major fleet expansion programme to induct 111 new Boeing and Airbus aircraft over the next few years.

The company has already sought Rs.2,500 crore from the government in the form of equity and soft loan to finance the fleet expansion – 68 aircraft from the US manufacturer and 43 aircraft from the European consortium.

According to officials, the merger between Air India and Indian Airlines, with the stated objective of greater operational synergies, has also not been smooth, delaying the carrier’s bid to join the Star Alliance, the leading global interline pact.

Soon, a new role for Menon will be decided, even though his immediate predecessor at Air India, V Thulasidas, is also said to be in contention for the top post at the new aviation regulatory authority. (ANI)

Polling for 15th Lok Sabha elections begins

Gorakhpur/Varanasi/Trivandrum, Apr 16 (ANI): Polling for the first phase of Lok Sabha elections across 15 states and two Union Territories began today amid tight security.

A total of 1,715 candidates, including 122 women, are contesting for the 124 seats, where over nine lakh officials have been deployed across 1.85 lakh polling stations.

The government has also ordered for a stringent check on the state borders to prevent movement of criminals and liquor.

The elections are expected to be conducted in a much better manner this time as photo electoral rolls will be used in almost all the constituencies going to the polls in the first phase. These photo electoral rolls would help in preventing bogus voting and easy identification of voters.

Also, this time the voting would happen post delimitation where the outlines of several constituencies have been redefined.

While all the 20 seats in Kerala, two in Meghalaya and 11 in Chhattisgarh is going to polls in a single phase today, polling is being held in 13 out of 40 seats in Bihar, 16 out of 80 in Uttar Pradesh, Maharashtra 13 (48), Andhra Pradesh 22 (42), six in Jharkhand, Orissa 10 (21), Assam 3 (14), Arunachal Pradesh 2 (2), Manipur 1 (2) and Jammu and Kashmir 1 (6).

Elections for the lone seats in Andaman and Nicobar islands, Lakshadweep, Mizoram and Nagaland are also being held. Assembly elections in Andhra Pradesh and Orissa are underway simultaneously.

The prominent leaders contesting in the first phase include Rashtriya Janata Dal’s Lalu Prasad Yadav, Telangana Rashtra Samiti’s K Chandrasekhar Rao, former Union Minister B Dattatreya, Bharatiya Janata Party’s Murli Manohar Joshi, Congress leader Renuka Chowdhury, NTR’s daughter D Purandeswari and actress Vijayasanthi.

In Gorakhpur, bordering Nepal, voters are turning up in large numbers to exercise their franchise.

Carrying their identity cards, the voters stood patiently outside the polling booths waiting for their turn to cast their votes.

BJP MP Yogi Adityanath, who is seeking fourth term from Gorakhpur, said he was confident of his party doing well in the state’s eastern region.

“In the first phase, BJP will win at least 10 seats in eastern region of Uttar Pradesh,” said Adityanath.
In Trivandrum, security was tight as gun-toting policemen kept a strict vigil outside the polling booths.

Former United Nations Under-Secretary General and candidate of the Congress party, Shashi Tharoor who came to cast his vote along with the other voters, said, judging by the response and enthusiasm of the voters he was confident of his win.

“Just judging by the enthusiasm and response of the voters of the last four weeks, I must say if that enthusiasm translates into votes, I should be able to romp home,” Tharoor said.

In Varanasi, banners and bunting fluttered from rooftops, the polling booths were well guarded and voters felt quite safe in casting their votes.

The 15th Lok Sabha elections will take place in five phases on April 16, 22, 23, 30 and May 7 and 13 throughout the country.

The five phased polls will be held in Jammu and Kashmir and Uttar Pradesh while Bihar will have four-phased elections.

Maharashtra and West Bengal will witness three phased polls while Andhra Pradesh, Assam, Manipur, Jharkhand, Karnataka, Madhya Pradesh, Orissa and Punjab will have elections in two phases.

Remaining 15 states and seven union territories will have one-day polling.

The counting of votes will take place on May 16.

The 543-member House will be constituted before June 2. (ANI)

Only balanced approach can resolve India’s many challenges: Cabinet Secretary

New Delhi, Apr.11 (ANI): In the run-up to this year’s general elections, India has many challenges confronting it, but all of them can be tackled with a balanced approach, feels Cabinet Secretary K. M. Chandrasekhar.

In an interview to gfiles, a magazine focusing on the workings inside the government, Chandrasekhar, a 1977 Kerala cadre Indian Administrative Service officer, says that among the many challenges that the government has to deal with are reducing the impact of the global recession and ensuring that the rural and urban sectors of the country evolve and develop at the same pace.

This 29th Cabinet Secretary of independent India might appear mild but is quite hardboiled, having learnt the art of administration from his father, Kesava Menon, who was Chairman of the Railway Service Commission. He has traveled a long way from his days as the Collector of Idduki District in Kerala in 1977.

When asked during the course of the interview what was India’s biggest challenge, Chandrasekhar said: “We have to make sure that the rural sector in particular develops at the same pace as sectors like services, manufacturing and the urban sector.

There has to be balance. Another challenge is what to do with the people below the poverty line. It is the most terrible thing when small children don’t have food to eat. They don’t have hospitals for treatment. We have to create the system for the poorest of the poor.”

On the other challenges facing the government of the day, he said there was insurgency and militancy.

“The movements in the Northeast are descending into plain extortion. Militancy anywhere in the country has to be dealt with firmly. Another issue is traditional – education and healthcare for all. Infrastructure is one area where India is lagging. We need to invest more to build roads, ports, railway lines, railway bridges, under bridges,” Chandrasekhar added.

Chandrasekhar, who has been Cabinet Secretary for two years, said that expected India to make a strong economic recovery by the end of 2009. Though “the International Monetary Fund forecast is that in one to two years, the economy should start turning around,” he said.

“The effects of the economic crisis have been muted, primarily because we have a strong rural economy. We have not been affected much because we have policies like high minimum support price mechanism in place for agricultural products.

We have many flagship programs, so there was more income in that sector. That income resulted in more demand. Many sectors in the Indian economy continue to be strong. FMCG, steel, food processing, cement, and infrastructure are growing at a certain pace,” he said, but added “India cannot remain untouched (by the global fiancial meltdown).”

“What I am emphasizing is that the effect of this crisis will be felt less in India than other countries. We see some signs of change. Even the automobile industry is recovering. I am hoping this year we will be able to do a lot better. We have to see how quickly the global economy recovers. Internationally, there is need for concerted action. I am hoping that in India it will take place earlier – maybe by the end of this calendar year,” he said.

He also said that he did not see any problem with the continuance of coalition governments at the Centre.

“Throughout my career I have served coalition governments. It is not unfamiliar or uncomfortable for me. Sometimes dealing with a national politician is much easier than dealing at district level.

The perspective of a national leader is different. They have been Chief Ministers in the states, they are their respective parties’ leaders. So the atmosphere is congenial. I have never faced any problems,” Chandrasekhar said.

When asked why was India being attacked so often, Chandrasekhar told gfiles: “We have become economically stronger. The people of this country have realized that there is much to be gained by economic stability. Incomes are growing. There is change. To a great extent this has resulted in weakening the internal militancy.”

He also did not agree with the view that it takes too long for a decision to be reached.

“We are constantly monitoring when a file goes in and out. In the Cabinet Appointments Committee, it used to take 50 days from establishment officer to Prime Minister’s Office. Now, it is 17 days. We are electronically connected so it is easier now. Many Ministries are simplifying procedures.

Take Customs. They have improved a lot. They have introduced a risk management system. The Commerce Ministry has also changed their system. The External Affairs Ministry has expedited the passport system. It is happening every day. It is invisible, but can be felt,” Chandrasekhar said. (ANI)

Industry-govt panel to craft revival plan

A committee of top government officials, industry representatives, bank chiefs and the Reserve Bank of India officials will be formed shortly to hammer out a turnaround strategy amid signs of a reduction in overall lending rates. “The committee will look into various issues pertaining to different sectors,” Cabinet Secretary KM Chandrasekhar said after a meeting with PSU bank chiefs and industry chambers on Thursday.

India Inc. has sought cheaper access to bank funds to keep planned expansion projects going.

State Bank of India chairman OP Bhatt said: “Interest rates should come down in the next six to eight weeks, although it is difficult to say anything on the quantum of the reduction.” The RBI has cut the repo rate – the rate at which banks borrow from the central bank – by four percentage points to 5 per cent in the last six months.

“One of the major challenges facing India Inc today is availability of capital at the right cost,” said Harshpati Singhania, president of Federation of Indian Chambers of Commerce and Industry.

TRS suspends three candidates over poll dispute

Hyderabad, Apr 4 (ANI): The Telangana Rashtra Samiti (TRS) in Andhra Pradesh suspended three of its rebel candidates on Saturday after they failed to withdraw their nominations for the coming elections despite requests made by party chief K Chandrasekhar Rao.

Those suspended include former MLA M. Padma Devender Reddy, party youth wing president Jitta Balakrishna Reddy and senior party leader P Raghupati Rao.

While Padma Reddy and Balakrishna Reddy were denied tickets from Medak and Bhongir Assembly seats respectively, Rao could not contest from the Gajwel Assembly seat in Medak district.

Several party rebels who filed nomination papers didn’t withdraw from the contest in the seats, which were allotted to Telugu Desam Party (TDP) in the seat sharing agreement among the Grand Alliance partners.

There are at least a dozen TRS rebels left in contest, all of them in Assembly constituencies, who threaten to mar the chances of official candidates of TDP and TRS. (ANI)

Banks asked to cut rates; push loan growth to 24 pct

The government has asked state-run banks to review their lending rates and aim for a robust 24 percent loan growth to help pump-prime a slowing economy, the country’s top bureaucrat said on Thursday.

Cabinet secretary K.M. Chandrasekhar, who reviewed the credit situation at a meeting with bankers and industrialists, said some sectors were still facing a shortage of loans.

He said state-run banks had stepped up lending and a “growth rate of about 24 percent in the credit is anticipated this year.”

Bank loans were up 18 percent by early March year on year, central bank data showed.

Since October, the Reserve Bank has cut its benchmark lending rate by 400 basis points in five stages, while government has rolled out a series of fiscal stimulus measures to limit the impact of the global financial crisis on the country.

“We are here in a situation where all of us have to work together and we have to see … to what extent we can bring it (interest rates) down together,” Chandrasekhar said, without giving any details of the meeting.

Officials of industry lobby groups present in the meeting said there was a scope for banks to further lower lending rates by 50-100 basis points.

Aggressive monetary easing was only partially benefiting the economy as banks are yet to match the central bank’s rate cuts, and this posed risks to the recovery of the Indian economy.

“One point that came out very clearly from the industry was that the stimulus packages are working,” Chandrasekhar said.

But policy makers say there was a need for more fiscal and monetary stimulus to protect growth and jobs.

Prime Minister Manmohan Singh said on Wednesday the economy may have grown at less than 7 percent in 2008/09, slower than 9 percent or more in the previous three years.

Analysts say the Indian economy is expected to grow less than 6 percent in 2009/10.

Govt asks state-run banks to review rates – secy

The government has asked state-run banks to review their lending rates, a top bureaucrat said on Thursday.

Cabinet secretary K.M. Chandrasekhar, who reviewed the credit situation at a meeting with bankers, said some sectors were still facing a shortage of bank loans.