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Last Updated: September 10, 2019

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  • Centre constitutes high level technical team to assess ground situation at Cauvery basin

    1166 days ago
    The Centre has constituted a high-level technical team to visit the Cauvery basin area to assess the ground realities there. Central Water Commission Chairman GS Jha heads the team, constituted by the Ministry for Water Resources, River Development and Ganga Rejuvenation. The team was set up in pursuance to the October 4 Supreme Court order asking the Cauvery Supervisory Committee to visit the river basin area in Karnataka and Tamil Nadu to assess the ground situation and report back to it by October 17.  The team members will converge at Bengaluru on October 7 for a preparatory meeting. It will submit its report to the Supreme Court on October 17.  The team will inspect Hemavathi, Harangi, Krishna Raj Sagar and Kabini reservoirs in Karnataka and is likely to inspect water stock at Mettur, Lower Bhavani Dam and Amaravati reservoirs in Tamil Nadu from October 6 to October 15.

    Union Government notifies constitution of Monetary Policy Committee

    1172 days ago
    The Union Government has notified the constitution of the Monetary Policy Committee (MPC) on 29 September 2016. The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016,  to provide for a statutory and institutionalised framework for a Monetary Policy Committee, for maintaining price stability. As per the provisions of the RBI Act, out of the six Members of Monetary Policy Committee, three Members will be from the RBI. The other three Members of MPC will be appointed by the Central Government. n exercise of the powers conferred by section 45ZB of the Reserve Bank of India Act, 1934, the Union Government has accordingly constituted the Monetary Policy Committee of RBI, with the following composition: The Governor of the Bank: Chairperson, ex officio  Deputy Governor of the Bank, in charge of Monetary Policy: Member, ex officio One officer of the Bank to be nominated by the Central Board: Member, ex officio Chetan Ghate, Professor, Indian Statistical Institute (ISI): Member Pami Dua, Director, Delhi School of Economics (DSE): Member  Ravindra H. Dholakia, Professor, Indian Institute of Management (IIM) Ahmedabad: Member The Members of the Monetary Policy Committee appointed by the Union Government will hold office for a period of four years, with immediate effect or until further orders, whichever is earlier.  

    Cauvery Supervisory Committee directs Karnataka to release 3000 cusecs of water per day for 10 days

    1181 days ago
    The Cauvery Supervisory Committee headed by Shashi Shekhar directed Karnataka to release 3000 cusecs of water per day to Tamil Nadu on 19 September 2016. As per the committee’s direction, Karnataka will have to release 3000 cusecs water per day from 21 to 30 September 2016 to Tamil Nadu. The other members of the committee are Chief Secretaries of Tamil Nadu, Karnataka, Kerala and Puducherry and Central Water Commission chairman. It will once again meet in October 2016. It seems that the decision of the committee will go in vain as no consensus was reached between the two states regarding the release of water. Karnataka had opposed the release of water due to ground reality and drinking water problems in the state. Earlier on 5 September 2016, the Supreme Court asked Karnataka and Tamil Nadu to approach the panel and till then asked Karnataka to release 15000 cusecs of water per day for 10 days to Tamil Nadu. Later on 12 September, it revised the limit to 12000 cusecs per day till 20 September 2016. The Karnataka government said that it will move Supreme Court to challenge the Cauvery Supervisory Committee's order asking the state to release 3000 cusecs of water per day for 10 days. It said that the state is not in a position to release Cauvery water due to shortage being faced by them.  

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