Money & Banking
Raghuram Rajan is not RBI's highest paid executive

Rajan's total monthly emoluments, which stood at Rs1,98,700, were less than that of three others - Gopalkrishna Sitaram Hegde (Rs4,00,000), Annamalai Arappuli Gounder (Rs2,20,355) and V Kandasamy (Rs2,10,000)

 

Reserve Bank of India Governor Raghuram Rajan is not its highest-paid top executive, according to the latest details published by India's central bank, under the RTI Act.
 
Rajan's total monthly emoluments, which stood at Rs.1,98,700, were less than that of three others - Gopalkrishna Sitaram Hegde (Rs.4,00,000), Annamalai Arappuli Gounder (Rs.2,20,355) and V Kandasamy (Rs 2,10,000), as per the RBI's latest list of monthly emoluments of employees for the period of June-July 2015.
 
The RBI has published its "monthly emoluments of top management (as on July 1, 2015)" as also the "monthly emoluments of employees (as on June 30, 2015)".
 
While the first section provides monthly emoluments of Rajan, the four deputy governors and 11 executive directors, the second section has more than 16,000 entries from all its offices some of which are for total monthly emoluments of less than Rs.10,000.
 
Rajan's packet includes a basic pay of Rs.90,000, a dearness allowance of Rs.1,01,700 and "others" of Rs.7,000.
 
The RBI governor however remains on the top in terms of basic pay. The total monthly emoluments for each deputy governor stood at Rs.1,73,900, while those for executive directors were at Rs.1,70,864.
 
At least 44 employees earned more than the executive directors.

 

 

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.

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Needed: A zero-vacancy approach to top level appointments
The ‘Modi’ way of looking at the issue should have been to promise quick action to fill up existing vacancies in the judiciary at all levels and assure a solution to other issues flagged by CJI in a time-bound manner
 
As appointments in government get delayed for various reasons, vacancies at various levels keep increasing. Judiciary’s case is not different. Government and public sector should move forward to a ‘zero-vacancy’ concept sooner than latter.
 
It is comforting to see that Prime Minister Narendra Modi listened to the plea from the Chief Justice of India’s plea for quickly filling up the existing vacancies at various levels in Indian judiciary. Outsiders (a section of media included) have successfully smuggled into the public mind that all organisations in government and public sector are over-staffed and their inefficient function is primarily attributable to the job security infused laziness of the workforce and inefficient deployment of manpower. This aspect, we will revisit later in another article. For now, let us consider the passionate plea from the CJI.
 
The CJI T S Thakur, was addressing the inaugural session of the Joint Conference of Chief Ministers and Chief Justices of High Courts in New Delhi on Sunday, April 24, 2016. He said the Law Commission had recommended in 1987 that the judge-population ratio be increased to at least 50 judges per million population and lamented that three decades later, the ratio remained an abysmal 15 judges per million people in a country which had added 25 crore in population since 1987. Saying this, looking towards the Prime Minister, he became emotional and broke down.
 
"And therefore, it is not only in the name of a litigant or people languishing in jails but also in the name of development of the country, its progress that I beseech you to rise to the occasion and realise that it is not enough to criticise. You cannot shift the entire burden on the judiciary," the Chief Justice of India said in a choking voice, according to media reports.
 
CJI said that we have grown into one of the fastest growing economies of the world, we are inviting foreign direct investment into the country, we want people to come and make in India, we want people to come and invest in India. He felt that "Those whom we are inviting are also concerned about the ability of the judicial system in the country to deal with cases and disputes that arise out of such investments. Efficacy of the judicial system is so vitally connected with the development."
 
Justice Thakur said from a munsif to a Supreme Court judge, the average disposal in India is 2,600 cases per annum as compared to 81 cases per annum in the United States. Referring to the pendency of cases, Justice Thakur said the high courts have over 38 lakh cases to dispose of and the number is increasing.
 
Giving out statistics, Justice Thakur said when the apex court came into being in 1950, it had a strength of 8 judges, including the CJI with 1215 cases pending.
 
Then, he said, the pendency was 100 cases per judge.
 
In 1960, the strength of the SC rose to 14 judges and the cases also increased to 3247. In 1977, the strength was 18 and the cases were 14501. By 2009, as is the case today, the strength of SC judges rose to 31 and the pending cases spiralled by 77181.
 
"In 2014, the number of cases was 81582 which was reduced to 60260. On December 2 when I took over as CJI and now, 17482 cases were filed out of which 16474 cases were disposed of," he said.
 
According to latest Law Ministry figures, the approved strength of the subordinate judiciary is 20,214 with 4,580 vacancies. The approved strength of the 24 high courts is 1,056 and the vacancy was pegged at 458 as on March one.
 
In the apex court, there are six vacancies against the sanctioned strength of 31 judges, including the CJI.
 
There are more than 38 lakh cases pending in the high courts of the country, said the Chief Justice, wondering if it could be found out “like a mathematical question” in schools as to how many judges should be required to decide them. ”There are 470 vacancies in the high courts. Over six weeks after the judgment (in the NJAC case), we cleared all proposals. So as far as we are concerned, there is no pendency. I have also written to the chief ministers. How much time is required to process appointments when there is an avalanche of cases, and lakhs of undertrials are languishing in jails?” asked Justice Thakur.
 
Prime Minister said if constitutional barriers do not create any problems, then top ministers and senior Supreme Court judges can sit together to find a solution to the issue. A very guarded consolation, of course. The ‘Modi’ way of looking at the issue should have been to promise quick action to fill up existing vacancies in the judiciary at all levels and assure a solution to other issues flagged by CJI in a time-bound manner.
 
In my article posted @moneylife.in on February 5, 2013, I had observed in a different context as under:
 
“There is urgency to fast-track justice not only when sensational issues come up and media/ popular protests highlight them. The immediate measures could include:
• Segregating cases which need to be decided within a year and taking them on a priority basis by the courts now in position.
• Leaving the remaining cases to new Special Courts to be put in place at all levels depending on the number of pending cases.
• Ensuring vacancies of judges are filled in time
• Making it compulsory for government and public sector organizations to expedite procedures where they are on either side of matters before courts. This is necessary as there is laxity on their side as cost and delay seldom affects the individuals who handle cases in government and public sector. This position is slowly creeping into big corporates also.
• Making necessary legislative changes to reduce procedural delays
• Simultaneous efforts to encourage concerned parties to settle issues out of court. This method would bear fruit where party on one side of the dispute is government or quasi-government organizations.
 
It seems, these observations hold good even today. As new vacancies are sanctioned in government and public sector after due deliberations and most of the time a year or two later from the initiating of processes, the large number of vacancies at various levels directly mean heavy pendency of work. Judiciary’s case is not different. Government and public sector should move forward to a ‘zero-vacancy’ concept sooner than latter.
 
(MG Warrier is author of the 2014 book "Banking, Reforms & Corruption: Development Issues in 21st Century India")
 

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COMMENTS

Meenal Mamdani

1 year ago

I suspect that the judiciary has been starved deliberately by the politicians.

Who gains when justice is delayed to such an extent that it is meaningless? It is the pols who are corrupt and unaccountable in their actions. If there was swift justice, people would be hesitant to commit wrongdoing. Now the criminals are brazen because they know that high powered lawyers will keep the court cases going on for years while the criminals continue to enjoy life outside prison.

If Modi is sincere about doing a better job as a PM, he should have the courage to stand up to the lobby of pols and the wealthy who want to leave matters status quo. Congress managed to drag its feet to appease their patrons now we will see if BJP is the same or better.

REPLY

MG Warrier

In Reply to Meenal Mamdani 1 year ago

Moneylife gives us lots of space to express our thoughts. It is not just 'pols'behind all these games. I have earlier gone on record saying that it is the BPL (Businessmen-Politicians-Lawyers) Combine that is preventing literacy, progress and development. But AAM AADMI is waking up. I have faith in the new generation which is in the age group of 20-50 now. As regards judiciary and the legal system, a lot remains to be done.Believe me, some days the lawyers appearing before one single bench take home more money than a year's salary of the judges before whom they argue cases. Lawyers are not interested in 'closing' cases!

Aditya G

1 year ago

It's not just the judiciary and the public sector enterprises that require staffing but the civil services as well. I believe income-tax department is also short-staffed by a large number. If at all, we need "more government"!

I wonder though, why aren't these chaps using technology to become more efficient? Or are they? I'm not sure. No data.

REPLY

MG Warrier

In Reply to Aditya G 1 year ago

You are right. Definitely, there is a case for using technology in several areas, if not to reduce manpower, at least to make life comfortable for those who work. having said that, technology also needs human hands and brains to work efficiently.Otherwise, TCS and INFOSYS would not be employing this many!

Gupta

1 year ago

Instead of crying, why not simply abolish summer vacations in courts????? It would instantly increase capacity by 15-20% and it is in the hands of the chief justice. But who wants to withdraw these perks of British times. No other job in the world gets summer vacation, not even a construction worker in Rajasthan's heat. Crying is easier!

RAVI RAM PV

1 year ago

The same CJI wants only Judges to appoint themselves through the farce called collegium. Why did they throw out the NJAC?

REPLY

nagendra kamath

In Reply to RAVI RAM PV 1 year ago

Ravi Ram PV,
Every person who will be a PM or a Law minister in future may not have same level of respect for law as Modi or Manmohan . And this List of future PM aspirants is long .. and it is necessary that Judiciary needs to be protected .. Law are not just for today .. they need to be framed with worst of scenarios in mind

'Indian pharma market growing at over Rs.2 lakh crore'
India Skills Report says that 21.05% of candidates for management positions in 2016 will be hired in the pharma and healthcare sectors
 
India's pharmaceutical industry, with a market size of over Rs.2 lakh crore, ranks third in volume and 13th in value across the globe, it was announced on Sunday.
 
"The pharmaceutical industry ranks 3rd in volume and 13th in value across the globe and has a market size of Rs.2,52,000 crore as in 2016," the Jaipur-based IIHMR University, which is also a WHO collaborating centre for district and primary healthcare, said in a release here at the end of a national symposium it organised.
 
"The industry is likely to create over 1.30 lakh jobs in 2016 itself," university president S.D.Gupta said in the statement.
 
It cited the India Skills Report to say that 21.05 percent of candidates for management positions in 2016 will be hired in the pharma and healthcare sectors.
 
According to industry chamber CII, India has around 300 large and 8,000 small and medium scale pharma units at present with over 20,000 manufacturers in both the organised and unorganised segments.
 
"The India pharma industry has 77 percent formulation manufacturers and 23 percent bulk drug manufacturers with 169 FDA (US) approved plants and 153 EDQM (European directorate for Quality (EU) approved facilities at present," the statement said.
 
"There is a rise in the need for vaccines due to an increase in the sedentary lifestyle giving a rise to chronic lifestyle diseases, which will become dominant in the next 5-10 years," it added.
 
It further cited India Skills Report 2016 to say that across India, the percentage increase in hiring numbers for pharma and healthcare have been 25 percent and above.
 
"According to 'Makeinindia.com', the Indian market is the world's 6th largest pharma market and will be the 3rd largest market by 2020. The generics market is expected to grow to $26.1 billion by 2016 from $11.3 billion in 2011."
 
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.

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