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‘Unusual demand’ reason for cash crunch, says Govt

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Finance Minister Arun Jaitley (File Photo)

New Delhi, April 17: Amidst reports of a cash crunch and empty ATMs, Finance Minister Arun Jaitley on Tuesday sought to assuage fears, saying “there is more than adequate currency in circulation”, even as the government blamed “unusual demand” for shortages in some areas.

“Have reviewed the currency situation in the country. Overall there is more than adequate currency in circulation and also available with the banks. The temporary shortage caused by ‘sudden and unusual increase’ in some areas is being tackled quickly,” Jaitley tweeted.

His tweet came following some reports that ATMs have run out of money in some parts of the country.

Currency shortage was reported in Andhra Pradesh, Telangana and Madhya Pradesh in the past few weeks. There were also complaints of shortage in parts of Maharashtra, Gujarat and Bihar on Monday.

Troubled customers also tweeted about the non-availability of cash at ATMs.

Communist Party of India member Sitaram Yechury too took to Twitter to express his angst.

Meanwhile, Minister of State (MoS) for Finance Shiv Pratap Shukla said: “We’ve cash currency of Rs 1,25,000 crore right now. There is one problem that some states have less currency and others have more. Government has formed state-wise committee and RBI also formed committee to transfer currency from one state to other. It will be done in three days.”

Chhattisgarh Chief Minister Raman Singh said that ”like many other states, Chhattisgarh has been affected by a cash crunch. The situation will be resolved as soon as possible”.

Reacting to the situation, West Bengal Chief Minister Mamata Banerjee on Tuesday said it reminds her of the demonetisation days.

She also asked whether a “financial emergency” was going on in the country.

According to Reserve Bank of India data, currency in circulation as on April 6 was Rs 18.17 lakh crore.

Industry experts feel the shortage has been caused because of cash hoarding of the Rs 2,000 currency notes.

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India

Rajnath Singh reviews infra requirements at borders

The officer also briefed the minister that there has been a major surge in outcomes in BRO work in the last few years.

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Rajnath Singh

New Delhi, July 7 : Amid ongoing tension at the borders with China, Defence Minister Rajnath Singh held a review meeting with Border Roads Origination (BRO) officials on Tuesday to discuss the improvement of infrastructure near Line of Actual Control with China and Line of Control with Pakistan, sources said.

“Defence Minister Rajnath Singh reviewed the ongoing projects with DG BRO (Border Road Organisation) and other senior officials at a meeting in South Block today,” the Ministry of Defence said.

During the meeting, Singh has directed that all border infrastructures to be fast tracked so that movement of forces should not be affected.

DG, Border Roads Organisation, Lieutenant General Harpal Singh briefed the minister that since inception the organisation have been a leading road construction agency involved in construction of roads, bridges, tunnels and airfields in remote border areas and have also undertaken construction in friendly foreign countries like Bhutan, Myanmar, Afghanistan in line with our overall strategic objectives.

The officer also briefed the minister that there has been a major surge in outcomes in BRO work in the last few years.

The BRO has executed about 30 per cent more work in 2019-20 as compared to 2018-19. The officer said that the BRO has executed 1,273 kilometres formation cutting, 2,214 kilometres of surfacing, Rs 1,715 crore of permanent work, 2,979 kilometres of major bridges, Rs 689 crore of tunnel work and 2,498 kilometres of re-surfacing in 2019-20.

In the last two years since 2017-18 there has been a surge of 44 per cent in formation cutting, 15 per cent in surfacing, 55 per cent in permanent work, 17 per cent in major bridges and 49 per cent in resurfacing works.

The overall expenditure for 2019-20 was Rs 7,867 crore as compared to Rs 5,458 crore in 2017-18 and Rs 6,859 crore in 2018-19, the officer explained.

Last month, the government approved an additional Rs 1,691 crore for highway projects by the Border Roads Organisation in Jammu and Kashmir and Uttarakhand.

Further, amid escalated tension between India and China along the Line of Actual Control (LAC), Lt Gen Harpal Singh had made a visit to the under-construction 8.8 km-long Atal Rohtang Tunnel that is set for a September opening.

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Haunting Past: Frontrunner for Air India Ops director comes under criticism

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New Delhi, July 7 : A frontrunner candidate for Air Indias Director Operations post has come under criticism from certain section of the airline for his past record of siding with unions against the national carrier.

According to sources, the current Executive Director for Operations Captain R.S. Sandhu has in the past been allegedly hand-in-glove with a particular pilots” union.

“He was terminated once due to his close association with one of the pilots” unions. He had sided with this union during a strike. Now as a member of senior management, how can we trust him not to repeat the past incident,” sources said adding that he is one of the frontrunner candidate for the post.

“After the strike, he was reinstated back but only after a deal was struck between the management and the union. These past incidents are serious and must not be ignored.”

The event in reference is from 2011, when a pilots” union of erstwhile Indian Airlines” went to strike.

Subsequently, Sandhu was terminated as a deputy general manager operations in April 2011, when he openly sided with the erstwhile Indian Airlines pilots” demand to get parity with those from IPG.

However, in May after a settlement was reached between the union and the airline, Sandhu was re-instated.

Interestingly, this past incident among some others have been in public knowledge but it is only now that some quarters of the airline have started to speak about these.

Nevertheless, another source in the airline said the post of Director Operations is vacant since March-end and the selection process has been stalled due to the pandemic and airline”s divestment process.

“Therefore, no recruitment to this position is taking place as of now,” the second source said.

Last year in December, Ministry of Civil Aviation had invited application for three director level posts including that of Director (Operations).

At present, executive director-level officials are officiating these positions.

Till March, Captain Amitabh Singh was officiating as operations director.

In 2018, Captain A. K. Kathpalia was removed from this post, after his alcohol direction test results came positive after operating a flight.

As a result, his flying licence was suspended for three years.

The post in question is both coveted and controversial as the incumbent is always under scanner of all the employees, the second source added.

–IANS

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No manual cleaning of sewage chambers in Rajasthan, says CM Gehlot

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Ashok Gehlot

Jaipur, July 7 : No sanitation worker should be forced to enter into sewage chambers to clean the sewer lines, said Chief Minister Ashok Gehlot while addressing a video conference with public representatives and urban bodies.

The entire cleaning work should be done by machines and there should be no deaths during cleaning of sewerage lines, he instructed all district collectors and civic authorities on Monday.

Gehlot said that the sanitation workers, who have been risking their lives to keep us safe, played a strong role in keeping the city, streets and neighbourhood free from the deadly coronavirus disease (COVID-19).

The government was able to check the spread of the pandemic due to the dedication with which the sanitation workers and the public representatives of the urban bodies worked, he added.

The CM said that Rajasthan”s pride “increased” in the nation owing to hard work by doctors, nurses, anganwadi workers, police, sanitation workers and urban bodies. In fact, Rajasthan was the first state to provide insurance cover of Rs 50 lakh to government and non-government personnel engaged in Covid-19 battle, he said.

The CM also took suggestions from the civic body mayors, chairpersons, councillors and others and released two posters to create awareness among the people against the virus.

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