Daily News-6th August 2017

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Daily News-6th August 2017

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Daily News-6th August 2017

Venkaiah Naidu elected as Vice President

SENIOR BJP leader and former Union minister M Venkaiah Naidu was on Saturday elected the 15th Vice-President of India. His election comes a day after the BJP became the single-largest party in the Rajya Sabha, over which he will now preside as its ex-officio chairperson. 

Naidu, 68, will be administered the oath of office by President Ram Nath Kovind.

Naidu replaces Hamid Ansari, who retires on August 10.

Naidu won 516 of the total 771 votes polled, in the 786-member electoral college. Gopalkrishna Gandhi, the Opposition’s candidate, got 244 votes, while 11 votes were declared invalid.

The election for the Vice President is conducted through a secret ballot where the members of Electoral College consisting of Members of the both Houses of Parliament including, the nominated members of Lok Sabha and the Rajya Sabha vote.

  • Members of Parliament will use special pens for marking their choice. Votes marked with any other pen are liable to be rejected.
  • The ballot paper shall contain the names of the contesting candidates, but does not contain any election symbol.
  • A candidate needs 20 electors as proposers and at least another 20 electors as seconders for his nomination. The candidate also has to make a security deposit of Rs. 15,000.
  • A person shall not be eligible for election as Vice-President if he holds any office of profit under the Government of India or the Government of any State or under any Local or other Authority subject to the control of any of said Governments.
  • The Vice President is the ‘ex-officio’ Chairperson of the Rajya Sabha.
  • The Vice President is elected for a period of five years. There is no fixed retirement age to the Vice President and he or she can be re-elected as the Vice President for any number of times.
  • The Vice President is entitled to receiving the salary of the Chairman of the Council of States, which presently amounts to Rs 1,25,000 per month.

 

TOTAL MEMBERS IN THE ELECTORAL COLLEGE:

The Electoral College consists of following members: a) 233 elected and 12 nominated members of the Rajya Sabha. (Total: 245). b) 543 elected and 2 nominated members of the Lok Sabha (Total: 545). The grand total comes to 790.

 

A person shall be eligible for election as Vice-President if he:

  • Is a citizen of India.
  • Has completed the age of 35 years.
  • Is qualified for election as a member of the Council of States (Article 66).

 

Removal:

The Vice President can be terminated before the completion of fixed five-year term, either by resignation or by removal by the President. There is no formal process of impeachment for the removal of the Vice President, and a removal proceeding can be initiated when members of the Rajya Sabha vote against the Vice President in an effective majority and members of Lok Sabha agree to this decision in a simple majority.

A total of 14 days advance notice must be given prior to the initiation of the removal proceedings of the Vice President. In such cases, when a temporary vacancy in the office of the Vice President is created, the Deputy Chairman of the Rajya Sabha takes over the role of the Chairman of the Rajya Sabha.

UGC panel to look into regulation on minimum qualification for teachers

Former Himachal Pradesh University Vice Chancellor Sunil Kumar Gupta-led panel was notified on Friday following the Human Resource Development (HRD) ministry’s direction to amend the regulation.

Economist Rajiv Kumar to head NITI Aayog

Economist Dr Rajiv Kumar was on Saturday night named the new Vice-Chairman of NITI Aayog, five days after the incumbent Arvind Panagariya announced he was quitting to return to academics. The government also appointed Dr Vinod Paul, a pediatrician at AIIMS, as a member of the Aayog.

Kumar has held senior positions in the Ministries of Industries and Finance, and is currently serving as founding director of Pahle India Foundation, a non-profit financial, economic and political research think-tank. 

He is an independent member in the high-level search committee for appointment of regulators in the Indian financial sector, a government-nominated independent director on the Central Board of the Reserve Bank of India, an independent director on the Board of Dewan Housing Finance Corporation Ltd, and a member of the Advisory Board of CISCO India.

Kumar has been a senior fellow at the Centre for Policy Research, the secretary general of the Federation of Indian Chambers of Commerce and Industry, and chief economist at the Confederation of Indian Industry. An author of several books, Kumar released one last year called ‘Modi and his Challenges’. 

A former CEO of think-tank Indian Council for Research on International Economic Relations (ICRIER), Kumar was Principal Economist, Asian Development Bank, Manila, for almost a decade, and has also held government positions such as Economic Advisor in the Department of Economic Affairs, Ministry of Finance, and Senior Consultant at the Bureau of Costs and Prices. He was a member of the National Security Advisory Board between 2006 and 2008.

Dr Vinod Paul

From a member of the High Level Expert Group on Universal Health Coverage formed by the erstwhile Planning Commission to becoming the first medical expert member of its successor, the Niti Aayog, life has come a full circle for Dr Vinod Paul. 

He leads the WHO Collaborating Centre on Newborn Health for South East Asia Region and the Centre for Advanced Research in Newborn Health (Indian Council of Medical Research).

Paul is a visiting professor at the Public Health Foundation of India (PHFI). He holds positions in multiple international fora on child health, has been a co-chair of the Board of the Global Partnership for Maternal, Newborn and Child Health and a member of the UN Millennium Project Task Force on Child Health and Maternal Health. He is also a member of the Steering Committee of global Every Newborn Action Plan.

Paul has developed India’s maternal and child health strategy. He is also a member of the National Technical Advisory Group on Immunisation, the highest decision making body in the country for decisions on the basket of vaccines for the universal immunisation programme. 

 

ASEAN communique stalls amid disagreement on South China Sea stance

The South China Sea has long been the most thorny issue for the Association of Southeast Asian Nations (ASEAN), with different opinions among its 10 members on how to address China’s assertiveness and its building and heavy arming of its artificial islands in disputed waters.
Diplomats from three ASEAN countries said the delay was because Vietnam, which is among four members with competing sovereignty claims with China, wanted the text to mention the need to avoid land reclamation and militarisation.

China is extremely sensitive about ASEAN mentioning its expansion of its military capabilities on those islands and some members are concerned about possible repercussions of upsetting Beijing given its military and economic power.
Three of China’s seven reclaimed reefs have runways several kilometres long, radar, surface-to-air missiles and storage facilities for fighter jets.

Rouhani Sworn in for 2nd Term Amid Heightened Tensions With US

Rouhani, who is seen by some as a moderate leader, led Iran from relative global isolation when he signed a nuclear deal in 2015 with several world powers in exchange for the lifting of sanctions against the country.

Canara Bank hits overseas bond market with $ 400-mn issue
State-run Canara Bank is in the international bond market with a USD 400-million issue as part of its USD 2-billion medium term note programme.

“Canara Bank is in the international debt market with a benchmark dollar bond issue that will have a tenor of 5 years. The lender is likely to raise USD 400 million through the bond sale issue, which will be drawn through its London branch and will be listed on the Singapore Stock Exchange

 

 

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