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Odisha: CM’s PS VK Pandian takes voluntary retirement

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LO Bureau
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The central government on Monday (23.10.2023) granted approval for the voluntary retirement of VK Pandian (IAS:2000:OD), an Odisha cadre IAS officer who currently holds the position of Private Secretary to Chief Minister Naveen Patnaik. The Department of Personnel and Training has transmitted an official communication to the additional chief secretary of Odisha’s general administration department regarding this decision.

“In reference to letter No.GAD-SER1-PERS-0100-2014 dated 20.10.2023 from Government of Odisha on the above mentioned subject, I am directed to convey the approval of the competent authority for acceptance of voluntary retirement of Shri V Kartikeya Pandian, IAS(OD-2000) under Rule 16(2A) of All India Services (Death-cum-Retirement benefits) Rules, 1958 with waiver of the notice period as recommended by the State Government,” reads the Centre’s letter.

Pandian, who has been serving in his current capacity since 2011 and wields significant influence within the political landscape of Odisha, recently gained public attention due to his extensive travels to various districts within the state utilizing a government helicopter. Both the opposition parties, the BJP and Congress, have criticized Pandian, a native of Tamil Nadu, for alleged violations of service conditions.

REC achieves remarkable market cap growth in a year, earns spot in MSCI Global Standard Index

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LO Bureau
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REC Limited has achieved a significant milestone by securing a coveted position in the esteemed Morgan Stanley Capital International (MSCI) Global Standard Index, effective from September 1, 2023,

A recent report by Nuvama Alternative & Quantitative Research underlined REC’s strong potential as a contender for the November 2023 review. Projections from Nuvama Alternative & Quantitative Research suggest that REC could witness inflows of approximately $184 Million.

The inclusion of REC in the MSCI index solidifies its standing as a key player in the financial sector and the broader market. This achievement not only expands REC’s global reach but also highlights its remarkable influence and reputation on an international scale.

It is noteworthy that the value of REC’s stock has more than doubled over the past year, surging from Rs 100.20 on August 10, 2022, to Rs 216.65 on August 10, 2023.

The MSCI Global Standard Index, crafted by MSCI Inc., comprises a series of international equity indexes widely employed by investors, fund managers, and financial experts to gauge the performance of global equity markets.

The MSCI Global Standard Index is a comprehensive collection of international equity indexes developed by MSCI Inc. These indexes serve as a prominent benchmark utilized by investors, fund managers, and financial experts for assessing and gauging the performance of global equity markets.

Union govt appoints new Chief Justices in six High Courts

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LO Bureau
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The Union government on Sunday notified the appointment of new Chief Justices in six High Courts. The Ministry of Law and Justice notified the appointment of six high courts namely Delhi, Telangana, Himachal Pradesh, Uttarakhand, Rajasthan and Gauhati.

Following judges have been appointed as Chief Justices of 6 different high courts:

  1. Justice Satish Chandra Sharma, Chief Justice of Telangana High Court, has been transferred to Delhi High Court as Chief Justice.
  2. Justice Ujjal Bhuyan of the Telangana High Court has been elevated as the Chief Justice of Telangana High Court.
  3. Justice Amjad Ahtesham Sayed of Bombay High Court has been appointed as Chief Justice of Himachal Pradesh High Court.
  4. Justice Vipin Sanghi, Acting Chief Justice of Delhi High Court has been appointed as Chief Justice of Uttarakhand High Court.
  5. Justice Shinde Sambhaji Shiwaji of Bombay High Court has been appointed as Chief Justice of Rajasthan High Court.
  6. Justice Rashmin Manharbhai Chhaya of Gujarat High Court has been appointed as Chief Justice of Gauhati High Court.

88 IRS-IT officers promoted to CCIT grade

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LO Bureau
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The Appointments Committee of the Cabinet on Saturday (18.01.2025) approved the empanelment of 88 officers for promotion to grade of Chief Commissioner of Income Tax (CCIT) in the Indian Revenue Service (Income Tax) for the panel years 2024 (Supplementary Panel) and 2025 (Regular panel).

Jasbir Singh Chouhan promoted to PCIT grade in IRS-IT

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LO Bureau
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Jasbir Singh Chouhan (IRS-IT:1991) has been empanelled for promotion to the grade of Principal Commissioner of Income Tax (PCIT). According to an order issued by the Department of Personnel and Training (DoPT) on Saturday (18.01.2025), the Appointments Committee of the Cabinet has approved the empanelment of Mr. Chouhan for promotion to PCIT grade in the Indian Revenue Service (Income Tax) for the panel year 2019.

Anupama Nilekar Chandra gets extension as ADG in SSB

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LO Bureau
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The deputation tenure of Anupama Nilekar Chandra (IPS:1994:BH) as Additional Director General (ADG) in the Sashastra Seema Bal (SSB) has been given extension for one year. According to an order issued by the Department of Personnel and Training (DoPT) on Monday (20.01.2025), the Appointments Committee of the Cabinet has approved the proposal of Ministry of Home Affairs to extend the deputation tenure of Ms. Chandra for a period of one year beyond February 23, 2025.

Union Cabinet approves 11,440 cr for RINL’s revival

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LO Bureau
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The Government of India has decidedly acted on its plan to revive the crucial stressed asset called, Rashtriya Ispat Nigam Limited (RINL). The Cabinet Committee on Economic Affairs (CCEA) finally approved an Rs 11,440 crore revival plan for it. According to sources, there will be a fresh equity infusion of Rs 10,300 crore to revive the project.

Union Minister for Steel HD Kumaraswamy said that RINL will achieve 14,000 metric tonne steel production in January and aim to achieve 92.3% of installed production capacity in the near future. The minister also added that two blast furnaces of RINL will begin operations in January itself while another will start running by August 2025. It should be mentioned here that RINL can produce roughly 7.3 million tonnes per annum (MTPA) of steel at peak capacity.

According to an official statement, the infusion includes conversion of Rs 1,140 crore working capital loan as 7% Non-cumulative Preference Share Capital redeemable after 10 years to keep RINL as a going concern. It is important as RINL has exhausted the sanctioned borrowing limits from banks for working capital due to which it was unable to get further loans from banks. Further, RINL also defaulted on the Capex Loan repayments and Interest payments in June 2024, the statement added.

Kumaraswamy said that RINL has outstanding dues of roughly Rs 35,000 crore, but added that these will be liquidated as the plant starts earning revenue.

Dr. Navneet Sharma appointed as SP in NIA

By
LO Bureau
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Dr. Navneet Sharma (IPS:2015:KL) has been appointed as Superintendent of Police (SP) in the National Investigation Agency (NIA) for five years. According to an order issued by the Ministry of Home Affairs (MHA), the competent authority has approved the induction of Mr. Sharma into the NIA on a deputation basis for a period of five years from the date of assumption of the charge of the post or until further order, whichever is earlier.

Sakthi Ganesan S appointed as SP in NIA

By
LO Bureau
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Sakthi Ganesan S (IPS:2013:TN) has been appointed as Superintendent of Police (SP) in the National Investigation Agency (NIA) for five years. According to an order issued by the Ministry of Home Affairs (MHA), the competent authority has approved the induction of Mr. Ganesan into the NIA on a deputation basis for a period of five years from the date of assumption of the charge of the post or until further order, whichever is earlier.

P Bala Kiran gets addl. charge of Secretary-cum-Controller of Examination, NRA

By
LO Bureau
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P Bala Kiran (IAS:2008:KL), currently serving as Joint Secretary in the Department of Personnel and Training (DoPT), has been given additional charge of Secretary-cum-Controller of Examination (JS level), National Recruitment Agency (NRA). According to an order issued by the DoPT on Saturday (18.01.2025), the Appointments Committee of the Cabinet has approved the proposal of DoPT for entrustment of additional charge of the post for a period of one year from the date of assumption of charge to the post or till the appointment of a regular incumbent, or until further orders, whichever is earlier.

Shamsher Singh appointed ADG in BSF

By
LO Bureau
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Senior IPS officer Dr. Shamsher Singh (IPS:1991:GJ) has been appointed as Additional Director General (ADG) in the Border Security Force (BSF). He is currently serving in the cadre state Gujarat as Director General of Police, Anti-Corruption Bureau (ACB).

According to an order issued by the Ministry of Home Affairs (MHA) on Sunday (19.01.2025), the competent authority has approved appointment of Mr Aggarwal to the post from the date of assumption of charge of the post, for a tenure up to the date of his superannuation on March 31, 2026.

Mahesh Kumar Aggarwal appointed ADG in BSF

By
LO Bureau
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Senior IPS officer Mahesh Kumar Aggarwal (IPS:1994:TN) has been appointed as Additional Director General (ADG) in the Border Security Force (BSF) for four years. He is currently serving in the cadre state Tamil Nadu as Special Director General of Police, Armed Police.

According to an order issued by the Ministry of Home Affairs (MHA) on Sunday (19.01.2025), the competent authority has approved appointment of Mr Aggarwal to the post for a period of four years from the date of assumption of charge of the post or until further orders, whichever is earlier.

Notably, the Tamil Nadu government had, on December 29, 2024, promoted four IPS officers, including Mr. Aggarwal, to the rank of Director General of Police (DGP).

MyGov CEO Akash Tripathi will continue to hold addl. charge of MD/CEO, DIC

By
LO Bureau
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Akash Tripathi (IAS:1998:MP), CEO, MyGov, will continue to hold the additional charge of the post of Managing Director/Chief Executive Director (MD/CEO), Digital India Corporation (DIC) for another six months.

According to an order issued by the Department of Personnel and Training (DoPT) on Saturday (18.01.2025), the Appointments Committee of the Cabinet has approved the proposal of M/o Electronics & Information Technology for entrustment of additional charge of MD/CEO of DIC for a period from October 1, 2024 to May 1, 2025.

Notably, the Modi government made a significant reshuffle at the Additional Secretary level on January 3, 2025, transferring four IAS officers and one Central Secretariat Service (CSS) officer. As part of this reshuffle, Akash Tripathi, CEO of MyGov, was transferred to the Ministry of Power as Additional Secretary.

The apparent overlap is due to the fact that Mr. Tripathi, despite being assigned to the Ministry of Power, has not been relieved of his responsibilities as CEO of MyGov and MD/CEO of Digital India Corporation, and he continues to hold these roles concurrently.

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