Citizens' Issues
Delhi police arrests five for leaking govt documents

According to media reports, some of those arrested by Delhi police have been accused of leaking confidential information to business houses to tweak government's policy decisions

 

The Crime Branch of Delhi Police has arrested five people, including two officials from the Petroleum Ministry. According to media reports, these people were allegedly trying to get or leak policy documents related with different ministry.
 
A journalist has been detained and is being interrogated for some classified documents found in his possession, says a report from Times of India.
 
 

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MF investments in software stocks rises 10% to Rs35,000 crore
Mutual funds’ investments in software stocks stood at Rs35,463 crore as on January 2015, accounting for 9.97% of their total equity AUM of Rs3.55 lakh crore
 
Continuing with the bullish stance on software stocks, mutual fund (MF) managers raised their exposure in the sector to a historic high of over Rs35,000 crore in January this year.
 
In comparison, investment in software stocks was at Rs27,772 crore in January 2014.
 
MFs collect funds from various investors for investing in securities such as stocks, bonds, money market instruments and similar assets.
 
Their investments in software stocks stood at Rs35,463 crore as on 31 January 2015, accounting for 9.97% of their total equity assets under management (AUM) of Rs3.55 lakh crore, according to data available with the Securities and Exchange Board of India (SEBI).
 
The previous high was in November last year when investment in the sector stood at Rs34,674 crore.
 
Software was the second most preferred sector, after banking, with an exposure of Rs76,000 crore.
 
Besides, pharmaceuticals have an exposure of Rs24,366 crore, auto (Rs23,178 crore) and finance (Rs21,993 crore).
 

 

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Austerity drive: Cabinet Secretary Seth asks bureaucrats to 'strictly' follow code

The Cabinet Secretary directed top bureaucrats in all ministries to refrain from holding conferences and meetings in five-star hotels

 

Union cabinet secretary Ajit Seth has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding conferences and meetings in five-star hotels.
 
They have been told that five-star hotels should be used only for important bilateral or multilateral official engagements.
 
In a recent communication to all secretaries, Seth said they should ensure "strict compliance" of the instructions.
 
In October last year, the government had unveiled an austerity drive to trim fiscal deficit by banning first class air travel for bureaucrats, meetings in five-star hotels and purchase of cars. It also put a freeze on new appointments.
 
The measures that are aimed at cutting non-plan spending by 10% include a ban on filling of vacant posts to reduce fiscal deficit to 7-year low of 4.1% of GDP.
 
It had said that Secretaries would be responsible for ensuring compliance of austerity measures.
 
It had also said that only the seminars and conferences that are absolutely essential should be organised and holding of exhibitions/seminars/conferences abroad is strongly discouraged except in case of exhibitions for trade promotions.
 
The government proposes to lower the fiscal deficit to 3% of GDP by 2016-17. It had touched a high of 5.7% in 2011-12, was brought down to 4.8% in 2012-13 and further to 4.5% in 2013-14 by way of austerity measures.
 

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