Manmohan to take charge of finance ministry

June 27, 2012

pm

New Delhi, June 27: Pranab Mukherjee resigned as Union finance minister on Tuesday, giving Prime Minister Manmohan Singh a free hand to reorient the key ministry during an economic slowdown while raising the possibility of a larger Cabinet reshuffle in about six weeks from now.

Mukherjee submitted his resignation to the prime minister to end his career as Congress leader ahead of filing the nomination for the presidential election for which he is a clear favourite. The PM is expected to retain the ministry in the coming days during which he is widely expected to tweak policies seen as contributing to negative sentiment.

Singh replied to Mukherjee's resignation by lavishing praise on the outgoing minister. "Our government owes a deep debt of gratitude to you for your invaluable contribution to its work over the last eight years," he wrote. "It is a testimony to your extraordinary abilities and your stature in public life that you have carried an onerous range of responsibilities with ease and accomplishment."

President Pratibha Patil accepted Mukherjee's resignation. The Prime Minister will look after the work of the finance ministry while power minister Sushilkumar Shinde is the likely replacement for Mukherjee's other key role as the leader of the Lok Sabha.

The Prime Minister is sure to look at fresh ideas to deal with the slowdown and low market sentiment under Mukherjee's watch. Sources in the government said the PM was not in sync with Mukherjee over how to deal with the sliding economy, but was hamstrung by Mukherjee's clout and seniority as party insider. In fact, the President-in-waiting was never the PM's first choice for the finance ministry but Mukherjee landed the job because of the leadership's preference for a politician.

His exit from the government now gives Singh an opportunity to carry out the changes he could not implement so far. However, there are indications that the exacting nature of the job, rendered tougher by the slowdown, may lead him to opt for a full-time finance minister of his choice before the beginning of the monsoon session of Parliament scheduled to begin in a month's time.

Many in the party view home minister P Chidambaram as the frontrunner for the vacancy in the finance ministry. But shifting Chidambaram to the finance ministry will create its own set of complications, leaving the leadership with the complicated task of finding a replacement in the politically crucial home ministry. The job, given the looming terror threat, cannot be juggled casually.

This can set the stage for a larger Cabinet rejig, a possibility necessitated as much by the likely need to find a fulltime replacement for Mukherjee as by the vacancy triggered by Virbhadra Singh's resignation as small, micro and small enterprises minister on Tuesday over graft charges. There is a view in the Congress that the PM needs to shuffle the pack to revive a business-like perception about his government after the impression of policy paralysis created by anti-corruption campaign of civil society and shocking defeats in assembly elections.

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News Network
April 24,2020

Kozhikode, Apr 24: A four-month-old baby girl, who had tested positive for COVID-19 and suffering from congenital heart disease, died in a hospital here in Kerala early Friday after suffering a cardiac arrest, officials said.

This is the third COVID-19 death and the first infant fatality in the state where two elderly people had succumbed to the disease earlier.

The baby was admitted to the Medical College Hospital here on April 21 with history of fever, cough, breathing difficulties and seizure after being treated at two other hospitals and the end came at 6 am, a medical bulletin said.

State Health Minister K K Shailaja said doctors had made maximum efforts to save the life of the child, whose family belonged to Payyanad near Manjeri in Malappuram district.

"Preliminary information which we have is that there has been some primary contact", she told reporters in Thiruvananthapuram.

The protocol for COVID-19 cases would be followed for the baby's last rites, the Minister added.

As of Thursday, the total active COVID-19 cases in the state stood at 129.

The bulletin said on arrival at the hospital on Tuesday the baby was in shock and had respiratory failure.

"She was resuscitated, mechanically ventilated and appropriate antibiotics for pneumonia and supportive measures to correct shock were started", it said adding the baby, however, continued to remain sick.

"Even though there was no history of any high or low risk contact or any epidemiological links as the child comes from SARI (Sever Acute Respiratory infection) criteria, she was admitted to the COVID-ICU and swab was taken and she tested positive", the bulletin said.

Contact tracing of those who had come in contact with the child was in progress.

Mallapuram District Medical Officer (Health) Dr Sakeena K said the child was having severe health issues from its birth itself and was admitted to a private hospital in Manjeri near here with breathing problem.

As her condition worsened, the baby was shifted to another hospital and later to the medical college hospital.

"The baby was having chest deformity and Atrial Septal Defect by birth which developed into severe health issues, the official added.

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News Network
July 10,2020

New Delhi, Jul 10: Nepal has banned all Indian news channels, except DD News, for alleged propaganda against the country.

Reports say that Nepal cable operators have stopped getting signals of Indian news channels.

Nepal government spokesperson Yuvaraj Khatiwada said: "We request all not to disseminate news that infringes sovereignty and self-respect of Nepalis. This includes the media of neighbouring countries. We might seek both political and legal remedies."

Earlier, Nepal has amended its map which show some Indian territory as part of it.

Nepal's parliament on June 13 adopted unanimously the Constitution Amendment Bill, paving the way for accommodating the updated political-administrative map, which includes Indian areas of Kalapani, Lipulekh and Limpiyadhura, in its symbol.

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News Network
May 15,2020

New Delhi, May 15: The World Bank on Friday approved $1 billion 'Accelerating India's COVID-19 Social Protection Response Program' to support the country's efforts for providing social assistance to the poor and vulnerable households, severely impacted by the pandemic.

This takes the total commitment from the World Bank towards emergency COVID-19 response in India to $2 billion.

A $1 billion support was announced last month to support India's health sector.

The response to the COVID-19 pandemic around the world has required governments around the world to introduce social distancing and lockdowns in unprecedented ways, said Junaid Ahmad, World Bank Country Director in India in a webinar interaction with the media.

These measures, intended to contain the spread of the virus have, however, impacted economies and jobs – especially in the informal sector. India with the world's largest lockdown has not been an exception to this trend, he said.

Of the $1 billion commitment, $550 million will be financed by a credit from the International Development Association (IDA) – the World Bank's concessionary lending arm and $200 million will be a loan from the International Bank for Reconstruction and Development (IBRD), with a final maturity of 18.5 years including a grace period of five years.

The remaining USD 250 million will be made available after June 30, 2020.

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