Citizens' Issues
Maharashtra to use video conferencing for Lokshahi Din: Fadnavis

The Lokshahi Din programme, where citizens interact directly with administrative and local self-government body officials and lodge complaints about civic problems, takes place on first Monday of every month 

 

Maharashtra's chief minister Devendra Fadnavis, in a tweet said that his government will make the Lokshahi Din online using the video conferencing facility. Fadnavis also directed officials to issue orders within seven day on decision taken during the Lokshahi Din hearings.
 
Fadnavis said, "The usage of video conferencing facility will eliminate the need for people at regional level to travel all the way from their place to Mantralaya for the Lokshahi Din hearing."
 
Lokshahi Din is an event where citizens interact directly with administrative and local self-government body officials and lodge complaints about civic problems.
 
Last month, for successful implementation of Lokshahi Din, the Maharashtra government appointed Guardian Secretaries for all 36 districts.
 
Additional Chief Secretary and Chief Protocol Officer in General Administration Department Sumit Malik will look after Mumbai City district as its Guardian Secretary, while Additional Chief Secretary (Finance) SK Shrivastava will perform the same role for Mumbai Suburbs.
 
Thane district will be under KP Bakshi, Additional Chief Secretary (Home) and Nashik will be looked after by Ajoy Mehta, Principal Secretary (Environment).
 
Pune has been entrusted with Nitin Karir, Principal Secretary (Urban Development), while Nagpur has been placed under Pravin Darade, Secretary to Chief Minister Devendra Fadnavis.
 
Naxal-hit Gadchiroli has been placed under Vikas Kharage, Forest Secretary, and Chandrapur under Praveen Pardeshi, Principal Secretary in the Chief Minister's Office.
 
Lokshahi Din takes place at the levels of tehsil, District Collectorate, Divisional Commissioner level and at Mantralaya (state secretariat).
 
The Lokshahi Din programme takes place on first Monday of every month at municipal, district collectorate and Mantralaya levels.
 
Divisional Commissioner office conducts the programme on every second Monday of the month, while at tehsil level, it is held on third Monday of the month.
 

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Ranjan Dhawan gets additional charge as MD, CEO of BoB

Ranjan Dhawan, the senior most ED has been given additional charge as MD and CEO of Bank of Baroda for three months

 

Ranjan Dhawan, the senior most executive director of Bank of Baroda (BoB) has been given additional charge of managing director (MD) and chief executive (CEO) of the Bank.
 
Dhawan has been entrusted the additional charge for three months with effect from the date of issue of the order or till the date of appointment of regular incumbent or till further order, Bank of Baroda (BoB) said in a statement.
 
Dhawan took over the charge on 27th February, it said.
 
The post of BoB's full-time MD and CEO has been vacant since July, when then chairman and MD SS Mundra was appointed as deputy governor of Reserve Bank of India (RBI).
 
Last month, Gauri Shankar, executive director, was entrusted with the additional charge of Managing Director & CEO of Punjab National Bank for three months from 9th February, of the post or till the date of appointment of regular incumbent or till further orders, whichever was the earliest. 
 

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Mutual funds getting ready to launch 34 new schemes

Of these 34, two draft offers have been filed so far this month, while 19 papers submitted in February and the other 13 were filed in January

 
Mutual fund companies have lined up almost three dozen new fund offers (NFOs) and have filed draft documents with market regulator Securities and Exchange Board of India (SEBI) following a rally in the stock market.
 
The documents for 34 NFOs have been submitted with the SEBI since the beginning of the year and the schemes will be opened for subscription soon after the necessary clearances.
 
Of these 34, two draft offers have been filed so far this month, while 19 papers submitted in February and the other 13 were filed in January.
 
Some of these NFOs have already been launched after getting regulatory clearances.
 
ICICI Prudential MF, Reliance MF, SBI MF, UTI MF and HDFC MF are among the fund houses that are offering NFOs to investors.
 
A large number of these schemes are aimed at investment in equity and equity-related securities.
 
Manufacturing, retirement, economic recovery, resurgence of the business cycle and e-commerce are some of the themes that are attracting mutual fund houses.
 
A number of fund houses are expected to come up with more schemes that will invest in equity and equity-related securities to take benefit from the rising stock market.
 
According to market participants, MF houses are rushing towards SEBI to launch new schemes on account of good response received from investors in the recent fund launches.
 
Also, they said that the NFO market has picked up as the investors’ confidence about equity markets is back and participation from retail investors is also on the upswing.
 
The benchmark BSE Sensex has risen by 7% this year so far. 

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