Read more about Govt reconstitutes empowered groups on Covid; oxygen, vaccination included on Business Standard. The Centre reconstituted the six empowered groups set up for COVID-19 management to make 10 panels, expanding their ambit to look into issues like availability of oxygen, vaccination, etc
According to an official order, the issues related to oxygen production, import, establishment of PSA plants will be dealt with by an empowered group, whose convenor will be the Secretary in the Ministry of Road Transport and Highways and it will have 10 members.
ANI
Former Economic Affairs secretary S C Garg on Monday said the fresh COVID-19 wave and consequent local lockdowns may bring down the economic growth to less than 10 per cent in the current fiscal.
Earlier this month, International Monetary Fund (IMF) projected an impressive 12.5 per cent growth rate for the country in 2021. The Economic Survey projected a growth rate of 11 per cent, while RBI retained its growth forecast at 10.5 per cent for the ongoing financial year.
As per the RBI estimates, economic growth expected to be 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4 this fiscal.
RBI okays Atanu Chakraborty as part-time Chairman of HDFC Bank
By IANS |
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Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News
Mumbai, April 23 : The Reserve Bank of India (RBI) has approved the appointment of Atanu Chakraborty as part-time Chairman of HDFC Bank.
The appointment comes into effect on May 5, 2021, for a period of three years. The Reserve Bank of India (RBI), vide its communication dated April 22, 2021, has approved the appointment of Atanu Chakraborty as the Part Time Chairman of the Bank under Section 10B (1A)(i) of the Banking Regulation Act, 1949 for a period of 3 (three) years w.e.f. May 5, 2021, or the date of his taking charge, whichever is later, the bank said in a filing.
Seth replaces Tarun Bajaj, who moved as Revenue Secretary in the Ministry of Finance. Ajay Seth takes charge as the new Secretary of Department of Economic Affairs (DEA), Ministry of Finance, in New Delhi today, the Finance Ministry said in a tweet. Appointments Committee of the Cabinet headed by the Prime Minister on April 6 appointed Seth as the new Economic Affairs Secretary. Shri Seth is a 1987 Batch Indian Administrative Service officer of Karnataka Cadre. Mr Seth previously held charge as Managing Director of Bangalore Metro Rail Corporation Limited, another tweet said. In his previous stint at the Finance Ministry, Seth served as Deputy Secretary and Director in the Department of Expenditure and Department of Economic Affairs between 2000 and 2004. He served as Adviser to executive director Asian Development Bank during 2004-2008.