Economy
Nomura's proprietary indices suggest improved growth momentum
Nomura expects GDP growth to recover to 7.8% in 2016 from 7.3% in 2015, due to higher public capex, upcoming pay commission awards and a normal monsoon and better agricultural growth
 
Nomura says its economic heat-map of high-frequency data indicates that economic activity rebounded in early 2016 from the weakness observed at end-2015. "Urban consumer demand, services and government capex remain the primary drivers of growth, but there are nascent signs of an improvement in external demand and infrastructure sectors. Industry and private investment remain weak," it says in a research note.
 
To gauge India's growth momentum and the near-term monetary policy path, Nomura has launched five proprietary indices, Nomura Composite Leading Index (CLI), India economic heat-map, Monthly Activity Indicator, Nomura Economic Growth Surprise Index for India and Nomura RBI Policy Signal Index.
 
According to Nomura, while co-incident indicators suggest better momentum, leading indicators still suggest non-agriculture GDP growth will consolidate over the next two quarters. Still, it says it expects GDP growth to recover to 7.8% in 2016 from 7.3% in 2015, due to higher public capex, upcoming pay commission awards and a normal monsoon and better agricultural growth.
 
 
It says, "There are two notable changes over the last two months. First, external demand (non-oil export volumes and visitor arrivals) appears to be improving at the margin, albeit from very low levels. Second, infrastructure sectors such as coal, cement and power are also experiencing an uptick, likely reflecting public infrastructure projects gaining traction".
 
"However," it said, "the overall level of industrial activity still remains tepid. Additionally, with government capex growing at over 50% in the three months ending February 2016, the sustained contraction in capital goods suggests still-weak private sector investment."
 
In addition, Nomura says its policy signal index is now in the neutral (no action) zone, consistent with its view that the RBI will stand pat for the rest of 2016. "Apart from the upside risk to inflation from the seventh pay commission, we do not see CPI inflation undershooting the RBI’s 5% target on a sustained basis, as most of the cyclical factors (oil price fall, rural wage growth deceleration and growth slowdown) that drove the disinflation are behind us, while structural factors (agricultural reforms, infrastructure creation and skill creation) will take time to materialise. Instead of rate cuts, we expect the focus to remain on improving policy transmission through adequate liquidity infusions," it concluded.

User

CIC asks IB & Environment Ministry to share reports on harassed officer, Sanjiv Chaturvedi, with him
The CIC order describes in detail the phenomenal harassment faced by Chaturvedi from the Haryana government for just doing his job including implementing Supreme Court order and stopping the use of public funds to create private assets
 
The Central Information Commission (CIC) has asked Intelligence Bureau (IB) and Ministry of Environment and Forests (MoEF) to submit a copy of a report on Sanjiv Chaturvedi with him. "The Commission approves that the copy of the IB report concerning the appellant, as sought by him is the information pertaining to allegations of corruption and human rights violations and thus shall be given to the appellant. Hence the Commission directs the IB or MoEF to provide certified copy of IB report relating to Mr Sanjiv Chaturvedi, sought through RTI dated 5 December 2015 as soon as possible not beyond 6 May 2016. The Commission would like to bring it to the notice of two public authorities that the petitioner has every right under RTI Act to complain and the Commission has a duty to initiate penal proceedings against non­-compliance of this order," Information Commissioner M Sridhar Acharyulu, said in an order issued on 21 April 2016.
 
The order notes the ordeals that the IFS officer has to go through. It says, "...this may be the first instance in the administrative history of the country, when a State Government suspended and charge-sheeted an officer for the implementation of the orders of the Supreme Court; even when the officer represented against the illegal warning in this case, his submitting the representation was itself considered as a misconduct by the State Government and was inserted as a charge in the charge-sheet; the open use of public funds to create private assets on the private land of politically influential persons; preparing a highly fabricated, illegal charge-sheet by a state government against its own official, in which, even the compliance report of the officer was concealed to create the charge of insubordination."
 
"During his five year tenure in the state, the officer was kept without any cadre posting for two and a half years and served 11 posting orders, routinely after exposing scams, while no action seems to have ever been taken against the officers involved in the various scams which include the case of Jhajjar Forest Division, where out of 37 beats of the whole division, fake payments were detected in 26 beats, but even then no action was taken by the State Government against the concerned DFO responsible for these irregularities. The mere allegations of a forest encroacher were thought to be enough by the State Government to charge-sheet the officer under major penalty, and the charge still not being removed despite exoneration by State Vigilance Bureau and departmental inquiry, more than two years back; even the personal life of the officer was dragged, into the said charge-sheet despite the charges being quashed by High Court," it added.
 
In his second appeal, Mr Chaturvedi submitted before the CIC that he needs a copy of IB report, which was sent to Cabinet Secretary and the Ministry of Environment and Forests in August, 2014, on the issue of foisting false cases against him in retaliation against his investigation and reports against major corruption in Haryana.
 
The IFS officer told the CIC that he urgently needs the copy of the IB report, because the harassment meted out to him is directly linked to his exposure of corruption both in Haryana Government and AIIMS, and the IB report would become very crucial in ascertaining the reality. 
 
Alleging that he was being harassed by the Haryana government, Mr Chaturvedi in 2010 had requested a Central Government deputation. He complained of harassment to the then President Pratibha Patil, who referred his case to the Cabinet Secretariat. Acting on the directions of the Cabinet Secretariat, the MoEF in 2010, constituted a two-member panel to study the accusations. The Ministry's in-house inquiry found merit in Mr Chaturvedi's allegations, and referred the case to the Central Bureau of Investigation (CBI), whose preliminary analysis found the allegations worthy of investigation. The MoEF then referred the case to Central Vigilance Commission (CVC), and recommended a CBI investigation. The Ministry also confirmed the harassment of the IFS officer and recommended quashing of cases against him. On 19 January 2011, the President quashed the chargesheet against him.
 
The Haryana government rejected the Ministry's findings, and asked it to take a fresh look at the case. However, this demand was rejected by the ministry. The Haryana Government refused to relieve Chaturvedi for Central deputation, but in May 2012, an order from the Ministry overruled the Haryana Government. Between years 2008 to 2014, the President passed four orders in support of Mr Chaturvedi, quashing the Haryana Government's orders.
 
Mr Chaturvedi was also hounded by the state government in a case related with suicide by Sanjeev Tomar, a Haryana forest range officer. Multiple special investigation teams (SIT) formed to probe the case gave a clean chit to Chaturvedi. However, in February 2015, the Punjab and Haryana High Court recommended formation of a new SIT to probe the allegations that Sanjeev Tomar had committed suicide due to harassment by Mr Chaturvedi. His counsel stated that constituting a fresh SIT would amount to hounding the officer who had exposed several scams. In April 2015, the Court accepted the petition, and recalled its earlier order. The Court also dismissed the writ petition of Rampal Singh, father of Sanjeev Tomar.
 
On 29 June 2012, Mr Chaturvedi was made the Deputy Secretary of All India Institute of Medical Sciences (AIIMS), Delhi. He was also given the additional charge of Chief Vigilance Officer (CVO) at AIIMS. As a CVO, Chaturvedi took action against the doctors who were making unauthorized foreign trips. During his tenure, the police seized banned drugs worth Rs6 crore from a vehicle supplying drugs to an on-campus pharmacy owned by a Member of Legislative Assembly (MLA) from Congress party. 
 
Mr Chaturvedi initiated actions in around 200 corruption cases during his stint as AIIMS CVO where punishment was imposed in 78 cases, chargesheet was issued in 87 cases and more than 20 cases were referred to CBI for criminal investigation. In 2014, after the Modi government came to power, Chaturvedi was relieved from the additional charge of CVO, although he continued to retain the Deputy Director post at AIIMS. 
 
In 2015, the media reported that Aam Admi Party (AAP) was planning to appoint Mr Chaturvedi as the chief of Delhi anti-corruption bureau. On 17 February 2015, and again on 28 February 2015, Delhi's Chief Minister Arvind Kejriwal wrote to Cabinet Minister Prakash Javdekar, asking for deputation of Mr Chaturvedi to Delhi, as an Officer on Special Duty. 
 
Citing extreme hardship including frequent transfers, suspension and false police and departmental cases, in October 2012, Mr Chaturvedi sought cadre change to Uttarakhand from Haryana. Finally, on 13 August 2015, the Appointment Committee of Cabinet (ACC) headed by the Prime Minister approved the cadre change in compliance with the Central Administrative Tribunal (CAT) orders.
 
Over the years, Mr Chaturvedi had received several awards including Ramon Magsaysay Award for emergent leadership (2015), Manjunath Shanmugam Integrity Award (2009) for his work in Haryana, SR Jindal Prize in 2011 for 'Crusade against Corruption'. After completion of training at Dehradun-based Indira Gandhi National Forest Academy, in August 2005, Mr Chaturvedi received two medals in “People and Forest” and “Biodiversity and Wildlife Management”, from the then President of India, Dr APJ Abdul Kalam.
 
Here is the order passed by the CIC…
 

User

A woman with a mission: She safeguards maternal health in Himachal villages
Chamba (Himachal Pradesh) : In spite of advancing years, health worker Kaushalya, whose name roughly translates into "ability to do something well", is showing the light to women in one of the remotest areas of Chamba district in Himachal Pradesh. She has, in fact, dedicated 31 years to propagating institutional deliveries and providing health services like intrauterine contraceptive device and other contraceptive methods.
 
Kaushalya, 58, has been posted at the Kalsuin health sub-centre, 17 km from this town, some 450 km from the state capital Shimla, for the past 28 years.
 
"It's only the self-motivation and my inner spirit that drive me towards someone who's in labour and needs my help. I didn't mind working odd hours and in hostile weather. I love to provide 24-hour maternal healthcare facilities," a beaming Kaushalya told IANS.
 
In her profession as a female health worker, she has performed over 3,000 deliveries and related procedures -- without even a single case of either maternal or child mortality or foetus abortion.
 
At times, she also faces, with determination, the sensitive topic of female foeticide and the bias against the female child.
 
In recognition of her efforts to promote female reproductive health in the area, dominated mainly by the marginal and small farmers, the state government has designated Kalsuin sub-centre in the Churi block as the only "delivery point" in the state.
 
The five-bedded centre, which has a labour room and a baby-care room, has a provision of one male and one female health worker each.
 
According to her, in the past one decade she has conducted over 2,500 institutional deliveries and 257 intrauterine contraceptive device insertions at the Kalsuin centre, which caters to 18 villages with a population of around 2,000.
 
Most of the time she is the lone health worker posted there, despite the provision of a male health worker. There is no provision of a gynecologist or pediatrician.
 
She has handled many emergency cases as the specialist services are far removed from the Kalsuin centre.
 
"I can handle both antenatal and postnatal care," said Kaushalya, who is retiring in December.
 
In 1985, she joined the state health services as a female health worker at Dalli in Chamba district's Bharmour block.
 
Three years later, she was transferred to Kalsuin. At that time, the health centre was functioning from the panchayat building and lacked proper infrastructure.
 
It was because of her efforts that the health centre was shifted to a new building equipped with proper facilities.
 
Kaushalya, who was trained by Hindustan Latex Family Planning Promotion Trust in reproductive and child healthcare, started midwifery in 1995 by facilitating deliveries at homes. Since 2005, she has been performing institutional deliveries at the Kalsuin centre.
 
Her contribution was recognised by the state government by conferring on her a district-level award in 2010 and a state level in 2011.
 
Himachal Pradesh is the only state in the country where 89.96 percent of the population as per 2011 census lives in rural areas.
 
To appreciate the enormity of Kaushalya's contribution, one only needs to read the latest report of the Comptroller and Auditor General of India, which states that Himachal Pradesh has failed to provide 24-hour maternal healthcare facilities at 84 percent of its primary health centres under the National Rural Health Mission (NRHM).
 
Of the 500 primary health centres, only 81 (16 percent) have been upgraded to provide round-the-clock delivery services but none of these had basic obstetric and nursing facilities like availability of a gynecologist, staff nurses and skilled birth attendants, the report said.
 
It said that out of the 500 primary health centres, labour rooms and newborn care units were not available in 308 and 493 centres.
 
During 2010-15, a total of 668,442 pregnant women were registered in the state.
 
Only 354,022 (53 percent) institutional deliveries were ensured in government institutions against the targeted 467,909 (70 percent), the CAG added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)