Citizens' Issues
Haryana IAS officer Khemka gets another transfer

Khemka, as per the latest orders of the Haryana government, has been posted as Secretary, Archaeology and Museums Department and Director General, Archaeology and Museums

 

It seems there is no let up for senior IAS officer Ashok Khemka from transfers, as on Wednesday he was once again transferred to an inconsequential posting by the BJP government in Haryana.
 
This is Khemka's 45th transfer in 24 years.
 
Khemka, as per the latest orders of the Haryana government, has been posted as Secretary, Archaeology and Museums Department and Director General, Archaeology and Museums.
 
He was appointed as transport commissioner and secretary, Transport department, last year after Manohar Lal Khattar assumed office as chief minister of the first BJP government in Haryana.
 
At that time, Khemka, who had blown the lid off from the controversial multi-million-rupee land deals of Congress president Sonia Gandhi's son-in-law Robert Vadra, was touted to get an important assignment. However, he was posted in the transport department.
 
Meanwhile, nine other senior officers were also transferred by the Haryana government.
 
Among those transferred were S.S. Dhillon, a former principal secretary to previous chief minister Bhupinder Singh Hooda, who has now been made additional chief secretary, Transport and Civil Aviation Department.
 
Additional Principal Secretary to Chief Minister Khattar, Sumita Misra, has been posted as Principal Secretary, Tourism department.
 

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COMMENTS

Proloy Coomar Pramanik

2 years ago

This must have come as a great relief to His Honesty, Mr Khemka. This is the first time he is being transferred without any ill-intention.

Manohar Lal Khattar ji is the first CM in 22 years of Mr Khemka's career, to have recognized his unparalleled honesty. Now he wants to extend the Swachh Department programme to another ministry too, and has heralded in none other the most honest officer -- Mr Khemka -- for the job.

Very soon Mr Khemka can expect to be promoted to the PMO too, so that he gets the maximum opportunity to practise Gujarat Model of Honesty.

Imaandar Afsaron Ke Achhe Din Aa Gaye...!

India's new trade policy merges all export schemes into two

The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88% in the first 11 months of the current fiscal

 
With Prime Minister Narendra Modi's "Make in India" initiative in the backdrop and a target of raising India's exports to $900 billion by 2020, a new five-year Foreign Trade Policy was unveiled on Wednesday that recasts all external commerce programmes into two schemes.
 
"The new five-year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services, as well as generation of employment and increasing value addition in the country, in keeping with the "Make in India" vision of the prime minister," Commerce Minister Nirmala Sitharaman said.
 
"The focus of the new policy is to support both the manufacturing and services sectors, with a special emphasis on improving the ease of doing business," she said during the unveiling of the new policy at the Vigyan Bhavan here.
 
In its blueprint for enhancing exports, she said, the government has now merged all the earlier export promotion projects under two plans - the Merchandise Exports from India Scheme (MEIS) and the Served from India scheme (SFIS) for services exporters.
 
As part of this initiative, the import duty exemption scrips valued at 10 percent of the foreign exchange earned, which are given to service exporters as an incentive, have now been made "tradeable" and can be used for service tax, customs and excise duty payments.
 
"There is no conditionality in any of the scrips issued under these two schemes," Sitharaman said, adding: As a measure to boost special economic zones, units within them will also now be able to avail the benefit of the two merged schemes.
 
The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88 percent in the first 11 months of the current fiscal.
 
Declining for the straight third month, India's exports fell by over 15 percent to $21.54 billion in February, even as the trade deficit narrowed to $6.85 billion on the back of declining international crude oil prices.
 
The commerce minister unveils the country's Foreign Trade Policy for five years and a review is conducted annually. The previous policy was for 2009-2014, but neither was a new policy announced in 2014, nor a review conducted.
 
By implementing the new policy, India's share in world trade is expected to double from the present level of three percent by 2020.
 
Indian industry welcomed the new policy in which trade facilitation and enhancing the ease of doing business are the other major focus areas.
 
Hailing it as a path-breaking policy, the Federation of Indian Export Organisations (FIEO) said the new policy recognises the global challenges faced by the export sector and also identifies the sectors which could emerge as winners in five years.
 
"The new Foreign Trade Policy has put the focus on states as all factors of production are within the ambit of states. 
 
"Developing an export strategy, setting up of institutional support of Export Commissioners and formation of the Council for Trade Promotion and Development would involve states in export promotion which was seriously lacking," FIEO president SC Ralhan said in a statement.
 
"Federation of Indian Chambers of Commerce and Industry is very happy to see several of its suggestions have been adopted. 
 
"Concerted and partnership-based efforts of government and business would certainly be able to raise India's share in world exports from the present level of 2 percent to 3.5 percent by 2019-20," A Didar Singh, secretary general, FICCI, said in a statement here.
 
"Indian industry is thrilled with announcements pertaining to simplification in procedures. Overall, the focus of the new policy is to support both the manufacturing and services sectors, with a special emphasis on improving the 'ease of doing business'," said industry chamber CII director general Chandrajit Banerjee.
 
Highlights of Foreign Trade Policy 2015-20:
 
* Increase exports to $900 billion by 2019-20, from $466 billion in 2013-14
 
* Old promotion schemes subsumed under two schemes - "Merchandise Exports from India Scheme (MEIS)" and "Services Exports from India Scheme (SEIS").
 
* Higher level of rewards under MEIS for export items with high domestic content and value addition.
 
* Incentives extended to units located in special economic zones (SEZs.
 
* Export obligation reduced to 75 percent to promote domestic capital goods manufacturing.
 
* Duty credit scrips made freely transferable and usable For payment of custom duty, excise duty and service tax.
 
* Mainstreaming of state governments and various ministries in formulating FTP
 
* FTP will be reviewed after two-and-a-half years.
 
* Agricultural and village industry products would be supported across the globe at the rates of 3 percent and 5 percent.
 
* Focus on defence, pharma, environment-friendly products and value-added exports.
 

 

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Is the growth-inflation nexus similar to 2003-05?
The 2003-05 cycle also saw a pickup in growth along with low and stable inflation, similar to the current cycle and sustained deceleration in inflation would provide room for more monetary easing, feels Morgan Stanley 
 
The current cycle of growth pickup and low and stable inflation appears similar to the one India witnessed during 2003 and 2005. While investors have raised concerns about the sustainability of inflation deceleration, Morgan Stanley says it expects growth momentum to pick up while there would not be a rise in inflationary pressures.
 
"We believe the inflation trend in the current cycle will be somewhat similar to that in 2003-05, considering the domestic and external macro environment. We are more constructive on the inflation outlook compared with consensus, and we expect inflation to decelerate to 4.75% by end-2015. While we expect growth momentum to pick up, we do not expect a rise in inflationary pressures," Morgan Stanley said in a research report. 
 
Like in the current period, the economy was in the early stage of recovery in 2003-05. In the previous cycle, acceleration in growth was accompanied by significant improvement in productivity, which kept inflation low and stable.
 
 
The report says, "Looking at the previous cycle, we see that drivers of inflation currently are following a similar path as in that cycle, as well as having the added support from lower global commodity prices in the current period. Moreover, as we saw in the previous cycle, we believe that as growth picks up in the current cycle, the productivity-driven nature of the growth recovery will not lead to a rise in inflationary pressures. Moreover, with a high level of unemployment and continued high growth in working age population, we do not expect wage pressures from a rise in capex-led growth."
 
Analysing the drivers of inflation, Morgan Stanley says it believe that key factors which influence CPI inflation trend are, wage growth, fiscal policy, growth-mix, real interest rates and global commodity prices. "Comparing the drivers of inflation between the two cycles we see that domestic factors are moving along similar lines as in the 2003-05 cycle and decline in global commodity prices are an added support in the current cycle," it added.
 
According to Morgan Stanley, sustained deceleration in inflation would provide room for more monetary easing. However, from an underlying cost of capital perspective, it says it believe that deposit rates could decline by significantly more than policy rates.
 
       
"We forecast a sustainably lower inflation path of 5% to be achieved from April 2015, and we expect inflation to decelerate to 4.75% by December 2015. Based on our expectation of the inflation trajectory, we believe the Reserve Bank of India (RBI) could lower rates by a further 75-100bps in 2015," it added.  
 

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