New Delhi,29/04/19:It refers to welcome news about 200 American companies shifting their manufacturing-units from China to India. It may be recalled that earlier on 09.7.2018 Prime Minister of India and President of South Korea jointly inaugurated largest manufacturing-unit in the world in a big 35-acre plant with capacity to produce 120 million mobile-phones set up by South Korean company Samsung in Noida (India) in tune with ‘Make in India’ concept. Earlier also way back in 2015, leading aircraft-manufacturer Airbus Industry (France) had announced investing $ two-billions in India for manufacture of aircraft-parts.
India is largest consumer-base after China and can devise ways so that global manufacturing-giants may be forced to set up manufacturing-units in India if they desire their brand-names being marketed in India. India is largest importer in the world for importing items of day-to-use like also computer-related items. India is definitely in a situation to on impose its terms on such imports. Many of the imported items are manufactured in collaboration in countries other than country of original manufacture owning the brand. Indian government should link import of largely used items with condition that brand-owning company may set up production-unit in India itself at least in cases where manufactured items are not being directly imported from the country the brand-owning company exists.
Since original toner and ink cartridges of computer-printers are sold at exorbitant prices by original manufacturers, condition should be that such accessories will be allowed to be manufactured by any desiring Indian manufacturer for making these available to consumers at much cheaper prices.
SUPREME COURT VERDICT AGAINST RBI DIRECTING INFORMATION ON BANK-DEFAULTERS: MHA SHOULD SNATCH PADMA AWARDS TO WILFUL BANK-DEFAULTERS AND OTHER UNDESERVING ONES
New Delhi,27/04/19:Supreme Court on 26.04.2019 gave historic verdict directing Reserve Bank of India RBI for disclosing information on bank-defaulters and inspection-reports of banks. Apex Court rightly gave stern warning to RBI for not trying to avoid Apex Court directions by issuing its own rules negating court-directions. Effect of Supreme court warning will be that notorious ultra-rich will now onwards under public-scrutiny and will not find it easy to flee the country after enjoying ultra-lavish life on public-money looted from banks.
There have been cases where previous governments gave reputed Padma awards to many undeserving persons including even those involved in crimes and even bank-defaulters. Union Ministry of Home Affairs should make a scrutiny of all those honoured with Padma awards in past first inviting their sue-motto disclosure about being involved in criminal cases or being wilful bank-defaulters. Those not filing sue-motto disclosure and those disclosing their being involved in controversial aspects should be deprived of Padma awards. Scrutiny of rest others should be done by investigating agencies for their retaining Padma award. Same should be system for giving Padma awards in future.
New Delhi,25/04/19:It refers to much talked-about TV interview of Prime Minister Narendra Modi with film-star Akshay Kumar which though being non-political yet gave a big political signal in case of need where Prime Minister was in full praise for West Bengal Chief Minister Mamta Banerjee for personal cordial relations between them to the extent that Mamta Banerjee still now regularly sends Bengali kurtas and sweets to Narender Modi. Otherwise political bitterness between the two is evident from their speeches in rallies for poll-campaigns.
Unfortunately such artificial public-exhibition of political bitterness tends to create personal bitterness between supporters and cadres of politically rival politicians. Time has come to induce a touch of cordiality in poll-campaigns and in Parliament between political rivals.
There was an era when Parliamentarians like Piloo Modi used to sprinkle much-needed humour to cool down bitterness if created between rival political parties in Parliament. The then Prime Minister Lal Bahadur Shastri sent a set of dhoti-kurta to veteran Parliamentarian Prakashvir Shastri as a symbolic advice for sticking to national attire while on his foreign trip abroad. Atal Bihari Vajpayee whole-heartedly complimented the then Prime Minister Indira Gandhi for her leading the nation to great victory in 1971 Indo-Pak war.
Once Atal Bihari Vajpayee as opposition-leader challenged the then Prime Minister Indira Gandhi for an open public-debate at Ramlila Ground at New Delhi making Indira Gandhi to comment that Hindi of Vajpayee was very beautiful. But in turn Atal Bihari Vajpayee put complete House in laughter by counter-comment that Indira Gandhi was herself beautiful.
DELHI GOVERNMENT SHOULD SHIFT BANK-ACCOUNT TO SYNDICATE BANK BRANCH IN PREMISES OF SECRETARIAT BUILDING AT IP ESTATEWednesday, 24 April 2019 03:58 Written by odishabarta
New Delhi,24/04/19:Public-sector Syndicate Bank has its branch at ground-floor of ten-storeyed Secretariat Building of Delhi Government at IP Estate in New Delhi. This well-equipped branch needs to be fully utilised by Delhi Government by shifting its bank-account from branch of State Bank of India SBI situated outside the Secretariat Building to branch of Syndicate Bank situated inside the Secretariat Building for benefit of all concerned including Delhi Government.
Such a shifting of banking by Delhi Government will make all banking-facilities inside the secretariat-premises. Staffers will not have to unnecessarily spend man-hours and conveyance for going to SBI branch for various banking-needs of Delhi Government. Staffers in Delhi secretariat will be benefitted by opening their accounts in the same branch for quick transfer of their salaries in their accounts in the same branch.
Senior officers of Syndicate Bank in Delhi should approach Finance Department of Delhi Government for business-development by such shifting of bank-account of Delhi Government in branch situated conveniently in premises of Secretariat Building. There is also sufficient space for expansion of bank-branch in Secretariat Building if so needed.
New Delhi,18/04/19:Mega-star Amitabh Bachchan once disclosed at Indian Institute of Management (IIM) Ahmadabad about his not advertising for cola-drinks after a school-student at Jaipur drew his attention about harmful ingredients in cola-drinks. It is significant that cola-companies voluntarily stopped selling cola-drinks in schools worldwide in view of increasing obesity in school-going children. Indian government should also not only ban advertisements but even sale of cola drinks in the country. Earlier also, soft-drink manufacturers were asked to remove an oil from their products which was found to be harmful for health.
It is time that Union government, Indian Agricultural Research Institute (IARI) and soft-drink manufacturers should revive drinks like old and famous rose-flavoured ones, which can not only replace cola-drinks in India but even dominate global-market by breaking monopoly of harmful cola-drinks in tune with Prime Minister’s ambitious ‘Make in India’ concept. It will rather earn foreign-revenue for the country rather than Indian money being drained out to multinational cola-manufacturers.
New Delhi,17/04/19:Debt-stricken Jet Airways has suspended all of its operations on Wednesday after failing to secure emergency funding from lenders.
In a statement, the company said, since no emergency funding from the lenders or any other source is forthcoming, the airline will not be able to pay for fuel or other critical services to keep the operations going.
Jet Airways has informed the DGCA and the Ministries of Civil Aviation and Finance and other relevant government institutions, of this course of action.
Meanwhile, Ministry of Civil Aviation has said DGCA and other regulators are monitoring the situation carefully to ensure that all existing rules regarding refunds, cancellations and alternate bookings are followed strictly.
In a series of tweets, the Ministry said, the bank-led resolution process is still underway and it is expected to end by 10th of next month.
During this time, the Ministry will support the resolution process within the existing legal and regulatory framework.
The Ministry said, any passenger complaints or issues should be promptly reported to the Air Sewa portal or mobile app and the Ministry will follow up immediately.
Civil Aviation Secretary will convene separate meetings with airport and airlines tomorrow to coordinate and address any emerging issues on capacity, slots and passenger convenience.
New Delhi,17/04/19:World Health Organization WHO has also established that even essential drugs in India with lowest printed Maximum-Retail-Price MRP are exorbitantly priced over manufacturing-cost followed by abnormally high trade-margin between ex-factory price and MRP.
National Pharmaceutical Pricing Authority NPPA is considering capping of profit-margins of 73 more drugs but leaving out many more again. It is beyond understanding why and how NPPA does not have a profit-formula uniformly for all drugs at a time when even generic medicines considered to be a cheaper version of respective branded medicines have exorbitant trade-margins of several hundred percent. Competition Commission of India CCI and Central Information Commission CIC have taken cognizance of serious issue. There are many medicines where different drug-manufacturers take undue advantage of their brand-popularity with prices of same medicine differing several times according to brand-popularity thus establishing extra-ordinary high profit-margins of even drug-manufacturers.
NPPA should fix maximum profit and trade margins over manufacturing cost for all medicines rather than differentiating by having various categories of medicines where price-regulation is applicable only for some limited drugs. Price-revision of any medicines must be allowed only once in a year say on First January only unless approved as special case by NPPA. Gimmick packaging other than in units of 1, 2, 5, 10, 20, 50, 100, 200 and 500 gms, mltrs or units must not be allowed unless approved by NPPA for dose-wise administration. Rule should be to emboss or print name of medicine in a manner that name is there on every capsule or tablet thus ruling out possibility of wastage of drug in case name-portion of strip is consumed.
BANK OF BARODA SHOULD INTRODUCE SEVEN-DAY PER WEEK WORKING AFTER MERGER OF DENA BANK AND VIJAYA BANK WITH REDUCED NUMBER OF BRANCHESMonday, 15 April 2019 03:08 Written by odishabarta
New Delhi,14/04/19:Bank of Baroda should initiate process of merging nearby small branches of erstwhile Dena Bank and Vijaya Bank into the nearing bigger branch after merger on 01.04.2019 for a drastic cut in useless overheads, rent, salaries and other expenses. Surplus staff available after reduction of number of branches should be better utilised for unique seven-day per week working without any weekly or public holiday by providing two weekly-offs by rotation or by mutual consent amongst employees with bank-services taken as essential services like air, road or rail travel. Already some small private banks have started giving such seven-day per week banking.
Thereafter even two-shift banking from 8 am to 8 pm can be started initially in select branches. Such a unique initiative will make public rush towards Bank of Baroda for their banking-needs, making Bank of Baroda the biggest bank in India replacing State Bank of India. Success of merger will make central government to ahead to complete plan of merger of other small public-sector banks in select anchor banks.