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Pinarayi Vijayan sworn in as Kerala Chief Minister

May 25, 2016

Thiruvananthapuram, May 25: CPI(M) strongman Pinarayi Vijayan was today sworn in as Chief Minister of Kerala heading a 19-member ministry of the party-led Left Democratic Front(LDF) that had 13 new faces including two women.

Pinarayi

72-year-old Vijayan, who pipped his bitter party rival V S Achuthanandan to the top post in Kerala politics, was administered the oath of office and secrecy by Governor Justice (Retd) P Sathasivam at the Central Stadium here.

Hailing from a poor toddy tapper's family, Vijayan, a first time Chief Minister, took the oath in Malayalam. A CPI-M Politburo member, he is the 12th chief minister of Kerala.

Out of the 19-member cabinet, 12 including the Chief Minister are from CPI(M), 4 from CPI, one each from NCP, Janata Dal(S) and Congress(S). The outgoing Congress-led UDF had 21 ministers.

There are 13 new faces, including two women, in the Cabinet. Five ministers had held positions in previous LDF ministries.

The CPI(M)-LDF had unseated the Congress-led UDF by securing 91 seats in the 140-member House in the May 16 assembly polls.

A huge pandal to accommodate at least 30,000 persons was put up at the stadium, adjacent to the state Secretariat. CCTVs erected at various places enabled the large crowd, who had gathered to view the ceremony streamed live.

The slight drizzle failed to dampen the spirits of the party workers who had arrived in buses and other vehicles from various parts of the state, especially the northern districts of Kasaragod, Kannur and Kozhikode, to witness the swearing-in ceremony, which began at 4 pm.

In 2006 also, the swearing in of then Chief Minister V S Achutanandan and his cabinet colleague was held outside the Raj Bhavan.

Former Prime Minister H D Deve Gowda, former Chief Ministers Oommen Chandy, V S Achutanandan, CPI(M) General Secretary Seetharam Yechury, Prakash Karat, 97-year-old K R Gowri Amma, who was Revenue minister in the EMS Namboodiripad cabinet of 1957, former union minister and lone member of BJP in the assembly O Rajagopal, religious and cultural leaders and film actors attended the function.

CPI(M) and CPI ministers took the oath and made solemn pledge, while other Front ministers took the oath in the name of God.

The ministers who were sworn in by the Governor are (CPI-M)) Thomas Isaac, A K Balan, G Sudhakaran, E P Jayarajan, Kadakampally Surendran, K K Shylaja, J Mercykutty Amma, T P Ramakrishnan, A C Moideen, C Raveendranath and K T Jaleel (CPI-M-IND).

CPI: E Chandrasekharan, V S Sunil Kumar, P Thilothaman and K Raju.

Congress S: Ramachandran Kadannappalli.

NCP: A K Saseendran

JD(S): Mathew T Thomas.

This is also the first time that a swearing in ceremony is observing green protocol to ensure zero waste event.

The capital city was a sea of red, with CPI(M) party flags and red buntings flying high in various corners. Party workers were dressed in red shirts and red caps.

Comments

E. SREEDHARAN
 - 
Saturday, 4 Jun 2016

Wish you all the best

E. SREEDHARAN
 - 
Saturday, 4 Jun 2016

Congratulation to you and the team of Ministers. Expect people friendly governance from the Legislatures. Executives, who are often found to be going against wrong directions. needs effective control so as to make real improvements of policy decisions taken by the Legislatures.

Wish you all the best and the entire team of Ministers.

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Agencies
January 23,2020

Jammu, Jan 23: The National Investigation Agency (NIA) has brought the disgraced Deputy Superintendent of Police (DSP) Davinder Singh to Jammu for investigations.

According to sources, Davinder Singh has been brought on a transit remand. A formal remand from the NIA court for interrogation will be taken on Thursday.

On Wednesday, fresh raids were carried out by the NIA at Singh's residences in Srinagar.

Singh was caught while transporting two militants, Naveed Babu and Rafi Ahmed, and a lawyer Irfan Ahmed in a vehicle to Jammu on January 11.

According to sources the two militants and the lawyer had plans to travel to Pakistan after reaching Jammu.

The case was transferred to the NIA after initial investigation by the Jammu and Kashmir Police.

Singh has been dismissed from the service and the Jammu and Kashmir administration on Monday forfeited the commendation medal and certificate awarded to him.

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Agencies
February 6,2020

Mumbai, Feb 6: The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth.

The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

"Economic activity remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner. Given the evolving growth-inflation dynamics, the MPC felt it appropriate to maintain status quo,” the Monetary Policy Committee (MPC) said.

The six-member committee voted unanimously to hold rates, but also said that there is “policy space available for further action”.

Between February and October 2019, the RBI had reduced repo rate by 135 basis points.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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