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Monday, 27 October 2014

Latesh Current Running News

Maharashtra BJP MLAs to elect their CM today: 

Today, the Maharashtra BJP's 122  legislators will meet to elect the legislature party leader, who will also be the chief minister. 

Save any last-minute hitch, that man will be Devendra Fadnavis, who has shot into national prominence as the party's young Maharashtra face in the last one month. 

Home Minister and senior BJP leader Rajnath Singh will act as observer at the meeting in Mumbai, which will begin at 11 am.

The BJP is then expected to meet the governor to formally stake claim to form government. The party posted its most superior performance in elections held in Maharashtra two weeks ago. 

It is 22 seats short of a clear majority in the 288-member assembly, but is not short of options to bridge that gap.

The cyclonic storm Nilofar, which originated in the Arabian Sea, has now intensified into a 'very severe cyclonic storm' and is likely to make landfall on October 31 near Naliya village in Kutch district.

Nilofar is expected to bring heavy rains in coastal areas of Saurashtra and Kutch accompanied by high speed wind.

Meteorological Department officials said Gujarat administration is bracing to meet any challenge arising out of the cyclone, the second one to hit India this month after 'Hudhud', which caused large-scale devastation in coastal Andhra Pradesh.

"The severe cyclonic storm Nilofar lying over west- central Arabian Sea has intensified into a very severe cyclonic storm.

Looking at the situation, the Met has told authorities to hoist distant warning signal No 2 on all ports.

"Due to the cyclone, we are expecting bad weather on 30th and 31st of October. There will be heavy rains in coastal region of Saurashtra and Kutch on these days. Sea will be rough to very rough. Thus, we have issued cyclone alert to the State Government," said Manorama Mohanty, Director, Ahmedabad Meteorological Centre.

The Narendra Modi government has sacked the heads of six Public Sector Unit banks. The move comes after the Chairman of Syndicate Bank was arrested on bribery charges in August.

A high-level panel report submitted to the government stated that there were irregularities in the selection process of the Chairman and Managing Directors of these banks.

A panel headed by the RBI Governor during the UPA rule had shortlisted the names for Bank of Baroda, Canara Bank, Indian Overseas Bank, Oriental Bank of Commerce, United Bank and Vijaya Bank. The government has now scrapped the process and decided to fill vacancies of 8 posts of CMDs and 14 posts of Executive Directors through a fresh process involving RBI Governor or his nominee.

The probe into the selections to banks like Bank of Baroda and Canara Bank followed arrest and termination of Syndicate Bank CMD SK Jain for alleged graft. 

A finance ministry statement said future vacancies of chairman and managing directors (CMDs) as well as executive directors of PSU banks will now be filled through a new selection process.


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