Companies & Sectors
BG Srinivas quits Infosys
BG Srinivas, the highest paid executive, resigned from Infosys, making it the 10th high-profile exit from the company since the return of NR Narayana Murthy
 
The exodus of high-profile executives from Infosys continues. In a surprise move, BG Srinivas, president and member of the board has resigned from the company at a time when he was being considered as one of the candidates to become Infosys' chief executive (CEO). 
 
This is the 10th high-profile exit from the IT company since NR Narayana Murthy returned in June as its executive chairman. Before Srinivas, nine senior members including V Balakrishnan, Mohandas Pai and Vemuri had resigned from the company after a fairly long spell.
 
In a regulatory filing, Murthy, the chief of India's second-largest software services provider, said, "BG Srinivas has been an integral part of Infosys and has played an important role in the company’s growth. The Board and every Infoscion thanks BG Srinivas for his wonderful contribution and wish him great success in his future endeavours.”
 
Srinivas was the highest paid executive of the company in 2013-14. During the year, he received a total compensation of $1.3 million (about Rs7.8 crore).
 
Last year in December, Balakrishnan, who was head of Infosys BPO, Finacle, and India Business Unit as well as chairman of Infosys Lodestone and Subrahmanyam Goparaju, senior vice president and a member of Infosys' executive council resigned.
 
In July 2013, Infosys' global sales head Basab Pradhan quit. In August, Ashok Vemuri, the company's global manufacturing head joined rival iGate as chief executive. In November, Stephen Pratt, who co-founded Infosys consulting also stepped down.
 
Infosys closed Wednesday 1.2% up at Rs3,172 on the BSE, while the 30-share Sensex ended the day marginally higher at 24,556.

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Maharashtra's Chavan ministry likely to be expanded on Thursday
NCP's Suryakanta Patil and Jitendra Awhad or Sharad Gavit from SP and Amit Deshmukh, Kalyan Kale and Rohidas Patil from Congress are likely to get ministerial berths in the last expansion before assembly elections
 
The Congress-Nationalist Congress Party (NCP) ministry in Maharashtra will be expanded on Thursday, say media reports. The swearing-in is scheduled at 10am at Raj Bhavan.
 
The expansion comes after a meeting between Maharashtra Chief Minister Prithviraj Chavan and Congress president Sonia Gandhi in Delhi, in the wake of the drubbing the ruling alliance suffered in the Lok Sabha polls.
 
The poll results saw Congress getting its lowest tally of just two of the 48 Lok Sabha seats in the state.
 
With the sacking of state Medical Education Minister Vijaykumar Gavit, one Cabinet rank of NCP is vacant. Besides, the term of Minister of State for Education, Health and Culture Fouzia Khan as MLC has ended. There had been complaints against her for non-cooperation with official NCP candidate in Parbhani during the recent Lok Sabha polls.
 
The reports said senior NCP leader Suryakanta Patil is in race to fill in the Cabinet post while state NCP working president Jitendra Awhad and Sharad Gavit, Samajwadi Party MLA and brother of Vijaykumar Gavit, are in race to replace Fouzia Khan.
 
Meanwhile, legislators Amit Deshmukh, son of former Chief Minister late Vilasrao Deshmukh, Kalyan Kale and senior leader Rohidas Patil are among the probables from the Congress, which has three ministerial berths vacant, including one Cabinet.
 
The Assembly elections in Maharashtra are due later this year. 

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Row over Smriti Irani’s educational qualification intensifies
Congress leaders, who joined the controversy raising questions about HRD minister Smriti Irani's educational qualifications went on a back foot as soon as BJP asked questions about Sonia Gandhi's education
 
The controversy over the educational qualification of Smriti Irani, the new minister for human resources development (HRD) snowballed on Wednesday with some leaders and minsters from ruling Bharatiya Janata Party (BJP) hitting back with carping comments on Sonia Gandhi even as Congress appeared to be divided.
 
Women rights activist Madhu Kishwar, who started it all with her tweets critical of Narendra Modi making Irani the HRD Minister, was unsparing saying education and research in India was in a shambles and something urgent was needed to be done to lift standards in the system. 
 
Somebody with a vision was needed for the job, said Kishwar, a self-confessed admirer of Modi.
 
Kishwar said that as someone in the academia she felt that the HRD ministry was a very “vital” ministry and that India’s education sector was in a mess and somebody with a vision was needed.
 
The HRD ministry requires handling chief ministers, because education is a state subject and also requires handling vice chancellors, she said.
 
“HRD needs a head who can steer dexterously between Left and Right extremists in academia to define sensible course unfettered by partisan agendas,” she had said on Twitter.
 
Slamming the Congress, union minister Uma Bharti questioned the educational qualification of its party president Sonia Gandhi.
 
“I want to ask them (Congress) what are the educational qualifications of Sonia Gandhi, because she has headed the UPA and gave directions to the then Prime Minister Manmohan Singh. The entire UPA government would stand with folded hands outside her door. So Sonia Gandhi, who ran the UPA government, what are her qualifications,” Bharti asked.
 
Another minister Santosh Gangwar said he wants to ask Congress how educated was its president Sonia Gandhi.
 
Joining issues, BJP spokesperson Mukhtar Abbas Naqvi said Congress leaders should shed their “arrogance” after the party’s defeat in the Lok Sabha polls and do introspection.
 
He said the party was defeated in elections due to the “arrogance” of Congress leaders but they are still not ready to leave their arrogance.
 
“Congress leaders should now stop using abusive words against BJP leaders. Congress should respect the mandate of the people,” he said.
 
Congress leader Ajay Maken Tuesday took a jibe at Irani’s educational qualification.
 
“What a Cabinet of Modi? HRD Minister (looking after education) Smriti Irani is not even a graduate! Look at her affidavit at ECI site pg 11,” he had tweeted.
 
Irani also got support from JD(U) leader Sharad Yadav who attacked Congress for raking up the issue while the minister herself refused to comment on the row.
 
Bharti also said Congress had raised questions about her candidature from Jhansi in the past by saying that she belonged to Madhya Pradesh and was making a similar mistake in this case.
 
“First the Congress should show certificates of Sonia Gandhi to show how educated she is and from where. Only then they can ask such questions (about Irani),” Bharati said.
 
She said that it was not necessary that a health minister should be a doctor but what matters is how a person works.
 
“Sonia Gandhi should tell about her certificates or else stop Congress from making such comments,” she demanded.
 
However, senior Congress leader Manish Tewari had a different take on the issue when he said any attack on the Government should be on substance and not superficials.
 
He said that these kinds of remarks used to emanate from the BJP in the early 2000s but had got decisively buried after UPA’s two successive victories under her leadership.
 
“If anybody is attempting to question the political sagacity of Sonia Gandhi, I think possibly they are blowing a trumpet which nobody is interested in,” Tewari said.
 
However, to a question on the Irani controversy, Tewari felt that criticism of the Government should be policy based rather than personality centric. 

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COMMENTS

Abhijit Gosavi

3 years ago

Great account! Finally got to understand what is going on! Trying to follow this on twitter got me nowhere :) Just people threatening to block each other and taking sides!

And Madhuji, tons of respect for you! But let Ms. Irani do her job! What if someone asks questions about your own Ph.D. or the lack of it? Institutions where research occurs typically require a doctoral degree. Those who live in glass houses shouldn't throw tweets at others!

MOHAN

3 years ago

Smriti Irani's rise was the envy of many Modi supporters including MADHU KISWAR

MOHAN

3 years ago

Madhu Kiswar says :

"As a HRD minister, she will be expected to deal with IIT and IIM graduates. She won't get any respect. Is this a joke? She doesn't deserve to be the HRD minister,"

HRD minister deals only with IIT and IIM graduates?

HRD functions only for IIT and IIM ?

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