Oscar Fernandes was the union cabinet minister for transport, road, and highways in the Manmohan Singh-led Congress government. During the same tenure, he was also given the additional charge of the ministry of labour and employment.
Congress President Sonia Gandhi, her son Rahul Gandhi, party leaders Motilal Vora, Oscar Fernandes, Suman Dubey, Sam Pitroda and Young Indian Pvt Ltd (YI) are accused in National Herald case filed by BJP leader Subramanian Swamy.
The ED had closed investigation against the Gandhis in August after claiming that no case was made out against Sonia and Rahul. The ED had decided to close the case citing technical reasons.
The Central Board of Trustees (CBT), the apex decision making body of EPFO also decided to raise the monthly wage ceiling to Rs 15,000 from Rs 6,500 by amending the EPF scheme, 1952, so that more workers can be brought under its various social security programmes.
According to sources, the body had surplus funds, which enabled the interest rate to be increased from 8.5 per cent in the previous financial year (2012-13).
While the ambitious 20 km a day road building programme of the UPA government remained a distant dream in the final year of the 5-year deadline, 2013 also saw change of guard with C P Joshi vacating the Road Minister's charge, making way for Oscar Fernandes who is optimistic that the sector will boom next year.
It said the auto major has 'admitted' to certain 'lacunae' on its part in maintaining certain standards in the report submitted to the Road Ministry by a three-member panel.
Fearing competition from the proposed "Quadricycle", various auto rickshaw operators across the country have opposed the government's plan of allowing such vehicles to ply on city roads.
The country's top automakers met the road transport and highways minister Oscar Fernandes for a consensus on the quadricycle norms. Tata Motors, Maruti Suzuki and TVS Motors opposed the government's draft rules over safety concerns.
Piaggio Vehicles, the only major automaker that has quadricycles plying on European roads lashed out at the way in which norms for this category of vehicles were recently cleared in India.
The Cabinet Committee on Economic Affairs' (CCEA) decision to approve substitution of road concessionaires was seen as a positive move the government. Although, the industry welcomed the move, it did not foresee much participation going forward due to high debt burdens.
CNBC-TV18's Rituparna Bhuyan reports that the law ministry has given its nod on proposals to finance public private partnership projects and clear the way for various road projects which have been stuck due to problems on that front.
Monday's cabinet rejig is being viewd as a reshuffle which has not been driven by any big idea , but just the necessity to accommodate a few individuals ahead of elections. Also that the Congress party has now realised its future lies in the party organisation and not in the government.
The United Progressive Alliance (UPA) inducted 85-year-old Sis Ram Ola in its cabinet as the Labour and Employment Minister while Mallikarjun Kharge was the new Railways minister.
The Ministers of State to be inducted are Manikrao Gavit, Santosh Chowdhury, J D Seelam, E M S Natchiappan. Ola and Fernandes were ministers in the UPA-I but did not find a place in the UPA-II government.
Constituting Rahul Gandhi's team for the 2014 Lok Sabha battle, Congress today brought in former Union Ministers Ajay Maken and C P Joshi along with Ambika Soni and Gurudas Kamat as General Secretaries and dropped Ghulam Nabi Azad and Oscar Fernandes.