GS Paper II- Governance.

UP Cabinet Decides To End Interview In Non-Gazetted Government Jobs.

Background

  • The Uttar Pradesh cabinet has decided to do away with the process of holding interviews for selection of candidates for government jobs in all the non-gazetted posts of Group B, C and D categories.
  • Now, the only criterion for recruitment to these posts will be written examination.
  • The decision was taken in a cabinet meeting chaired by chief minister Yogi Adityanath on 25th August, 2017.

 

Highlights Of The Development-

  • According to the new directive, if any department considers interview mandatory for a certain post, it can send a proposal for the same to the Personnel department, which will make the call.
  • However, applicants to job posts which have already been advertised or the recruitment process for which has already commenced will not benefit from Friday’s decision. Prospective candidates will benefit when they apply to job posts only after the new instructions come into effect.
  • The cabinet also approved the implementation of the 7th Pay Commission recommendations for employees of the state Power Department. Nearly 44,000 workers will benefit from it. Power minister Srikant Sharma said that this would add an additional burden of Rs 33 crore to the state exchequer every month.

Sources- The Times Of India.

GS Paper III- Economic Development.

Govt Clears Strategic Sale Of Central Electronics.

Background

  • The government has approved a 100% strategic sale along with transfer of management control of Central Electronics Ltd (CEL). Incorporated in 1974, CEL is under the administrative control of Ministry of Science and Technology.
  • The CPSE is wholly owned by the government and has a net worth of Rs50.34 crore as on March 2017.

 

Key Points Of The Development-

  • The Government of India (GoI) has ‘in-principle’ decided to disinvest its 100% equity in Central Electronics Ltd through strategic sale with transfer of management control.
  • The government plans to engage an advisor from a consulting firm, investment banker or a merchant banker or a financial institution, for providing advisory services and managing the disinvestment process.
  • Besides, it also is looking to appoint a legal firm for advising on strategic sale of CEL. The selected entity will advise the government on the modalities and the timing of the strategic disinvestment of CEL and will prepare and submit a detailed operational scheme to implement the strategic disinvestment process, indicating tentative timelines for each activity.
  • The advisor will be required to finalise the process of strategic disinvestment through bidding/auction, said the bid document for advisors. The last date for application is 19 September 2017.
  • Bidders should have advised, handled and successfully completed at least one transaction of strategic disinvestment or strategic sale or merger & acquisition or private equity investment transaction of the size of Rs50 crore or more during the April, 2014 to March, 2017.
  • The government has budgeted to raise 72,500 crore in 2017-18 through stake sale in PSUs. This includes Rs46,500 crore from minority stake sale, Rs15,000 crore from strategic disinvestment and Rs11,000 crore from listing of PSU insurance companies.

Sources- Livemint.

 

GS Paper IV- Ethics.

FICCI Awards Special Jury Award To Dr KR Balakrishnan For His Contribution To Healthcare.

Background

  • Dr K R Balakrishnan, Director, Cardiac Sciences, Fortis Centre for Heart Failure & Transplant, Fortis Malar Hospital in Chennai, leading cardiac transplant surgeon on international repute, was awarded FICCI Special Jury Award for his contributions to healthcare and medical research at an event recently.
  • The award was presented in a special medical conference ‘Indian Healthcare: A Patient’s View’ in the presence of Ms Anupriya Patel – Union Minister of State, Ministry of Health and Family Welfare, Government of India, Mr Rahul Khosla – Chair, FICCI Health Services Committee; President, Max Group & Chairman, Max India Ltdand other eminent dignitaries.

 

Highlights Of The Development-

  • The Federation of India Chamber Of Commerce &Industry (FICCI) organizes this annual conference with an aim to facilitate organizations and individuals for their contributions to the industry by innovating for increased efficiency, affordability and improved performance of healthcare delivery at large.
  • The FICCI Awards have emerged as the definitive recognition for contribution to healthcare in the country over the years based on Innovation, Sustainability, Impact and Scalability which forms the four criteria for evaluation.
  • FICCI, in a first-of-its-kind move, also curated an exclusive Special Jury Award to recognize the contributions of Dr K R Balakrishnan in the Indian medical ecosystem.
  • Dr Balakrishnan has done more than 156 heart transplants, 9 heart and lung transplants and 14lung transplants; in the process saving as many as 179 lives.
  • Credited with India’s First LVAD in 2012 and HVAD pump implant in 2013 as destination therapy, Dr Balakrishnan has performed India’s first Paediatric heart transplant surgery on a two-year nine-month-old international patient from Russia.
  • He also saved a patient with cardiac arrest using a new artificial Heart Pump. He implanted a mechanical device (LVAD) as an alternative to heart transplant on a 58-year old. Last year, a man was revived, 45 minutes after his heart had stopped beating, with a heart transplant.

Sources- This Week India.