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From assigning responsibilities for each task to stringent tests of EVMs to a year or longer of planning—an insight into the art of organising an Indian general election. The former election commissioner explains the gold standard of organising elections
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Indian elections are a case study for the world. As over 1.2 billion people gear up to cast their vote in General Elections 2024, Moneycontrol speaks to former election commissioner Ashok Lavasa to understand what does it take to organise an election. Did you know that 14 million people are involved in running the election process? And about Rs 10,000 cr are spent in organising elections. Listen in to find out more.
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"...the President is pleased to accept the resignation tendered by Shri Ashok Lavasa, Election Commissioner with effect from the 31st August, 2020," the notification said.
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They said the agency has filed a case under the Foreign Exchange Management Act (FEMA) to probe Abir Lavasa and about Rs 7.25 crore funds raised early this year by a firm -- Nourish Organic Foods Pvt Ltd -- linked to him.
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The notice pertains to her income as independent director of multiple companies
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The meeting is the first since election dates were declared by the EC on March 10.
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The Ashok Lavasa-led committee, constituted to arrive at a consensus, had on April 28 suggested changes in some allowances applicable to central government employees and also for those in specific categories, including Railways and Defence.
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The recent NPA ordinance is a part of a multi-pronged approach to resolve the bad debt crisis – that's the word from Finance Secretary, Ashok Lavasa. Speaking to CNBC-TV18's Malvika Jain in the USA, Lavasa also said that the government is looking at taking sector specific steps to tackle the bad loan problem.
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"The government has been concerned about the Non- Performing Assets (NPAs) of the banks as well. Recently the government came up with an amendment in the Banking Regulation Act which empowers the central government and the Reserve Bank of India to make institutional arrangements and the entire system more effective in dealing with the NPAs," Lavasa told PTI yesterday.
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Lavasa, who is visiting the US to attend a global investors conference, said that while there has been a general climate of economic slowdown in the last few years across the world, India has managed to maintain a healthy rate of growth.
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"It was felt that there are some amendments which are required, which will enable everybody in the system, the banks, the regulator to take effective steps in dealing with the bad loans," Lavasa told reporters here.
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The 'revolutionary' biometric identifier programme Aadhaar should not be undermined as it has brought efficiency in public spending and removed corruption, Finance Secretary Ashok Lavasa said today.
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The expenditure proposed in the Budget is at an all-time high, says the Finance Secretary, Ashok Lavasa. And he adds that a sizeable investment was proposed for various rural development programmes.
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With tax rate cut to 25 percent for small and medium enterprises with revenue under Rs 50 crore per year, we are ahead of the roadmap, says the CEA. This new tax rate creates a level playing field for all corporates, he adds.
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CNBC-TV18‘s Sapna Das spoke to Secretary of Finance, Ashok Lavasa wherein he gave the reason for the deviation in the fiscal number to 3.2%.
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RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and the Economic Affairs Secretary Shaktikanta Das are appearing before the Parliament's public accounts committee today.
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CNBC-TV18 talks to the top bureaucrats like Ramesh Abhishek, Secretary, DIPP, Ashok Lavasa, Secretary, Finance and Sanjay Mitra, Secretary, Road Transport & Highways, among others, about key issues like demonetisation, Parliament's Winter Session and the upcoming Budget.
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In an exclusive interview to CNBC-TV18, Ashok Lavasa listed his views on various economic events, ranging from demonetisation to the governments divestment drive.
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The decision to call RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das was taken unanimously by all the members of the Committee, headed by senior Congress leader K V Thomas.
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Farmer bodies' pre-Budget consultation with Finance Minister Arun Jaitley has commenced and CNBC-TV18 learns the issue of impact of demonetisation on the agri sector is also on the agenda.
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People, he said, do understand the objective behind the move. "And I'm sure they will cooperate in dealing with the difficulties and inconvenience that they might face. And eventually things will settle down." Lavasa said people need money for transaction so for replacement that currency is being introduced.
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About Rs 50,000 crore will be needed to compensate states for loss of revenue from rollout of GST, which is to subsume a host of central and state taxes like excise duty, service tax and VAT, in the first year beginning April 1.
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Post the monetary policy meet today, Ashok Lavasa told CNBC-TV18 that inflation should remain in control in the coming days and expects banks to pass on the rate cut to its borrowers.
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Finance Secretary Ashok Lavasa said RBI and the government are on the same page with regard to inflation target and the government is taking all measures possible to keep inflation within the range of 2-6 percent.
