Tuesday May 22, 2018
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J Jayalalithaa sworn in as Tamil Nadu Chief Minister for the fifth time

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Jayalalithaa

By NewsGram Staff Writer

AIADMK supremo J. Jayalalithaa was today sworn-in as the chief minister of Tamil Nadu for the fifth time.

She was administered the oath of office by the Governor K Rosaiah at the packed Madras University Centenary Auditorium. Along with Jayalalithaa, 28 other ministers also took the oath. The ceremony was attended by actor Rajinikanth, ICC Chairman N. Srinivasan and Union Minister Pon Radhakrishnan.

In a meeting on Friday, 67-year old Jayalalithaa was elected as the leader of the legislative party by the chairman of the party presidium E Madusudanan and the law makers at the party headquarters.

Panneerselvam, the treasurer of the party, moved a resolution proposing her name as the Party leader, which was endorsed by Electricity Minister Natham R Vishwanathan, and was then made public.

In the year 2011, the AIADMK party won the elections and Jayalalithaa was sworn in as the Chief Minister. After being convicted in the Bangalore High court, Panneerselvam overtook her position and became the next Chief Minster. She was enforced to resign as the Chief Minster over the 18-year old disproportionate assets case.

Large hoardings with the message of “Welcome Mother (Varuga Thaye)”, “Dharma has won”, were put in various parts of the city.

The roads were decorated with festoons, mango leaves and party flags thereby spreading the message of her return in the 14th Tamil Nadu assembly. She will hold the portfolios of home, police, public, all India services, general administration and district revenue officers. Many old faces including Panneerselvam as Minister of Finance, Natham R Viswanathan as Electricity Minister and R Vaithilingam as Housing Minister, Edappadi K Palaniswami and P Mohan have been retained by her in the governing council.

 

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India Requests ADB to Focus on West and South Asia

Garg, who is an Alternate Governor on the ADB Board, the ADB "strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well," the statement said.

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Karun Nair will lead the India A side in the four-day matches in the UK. wikimedia commons

India has urged the Asian Development Bank (ADB) to focus more on the West and South Asia regions after successful East Asia interventions by the multilateral lender and has said there is no case for increasing cost of its loan instruments as it has no capital deficiency, an official statement said on Sunday.

In his intervention on Saturday at the ADB’s annual meeting in Manila, Economic Affairs Secretary S.C. Garg also made a strong case for ADB to adopt “country systems” for procurements and environmental safeguards and called for increasing lending for the private sector in developing countries, a Finance Ministry release said here.

Garg, who is an Alternate Governor on the ADB Board, the ADB "strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well," the statement said.
Asian Development Bank HQ, wikimedia commons

Garg, who is an Alternate Governor on the ADB Board, the ADB “strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well,” the statement said.

“He emphasized that the private sector operations of ADB as envisaged in the strategy should be enhanced and there should be more focus on equity participation.

“He also stated that there is absolutely no case for increase of cost of of various loan instruments as there is no capital deficiency in ADB,” it said.

Also Read: Indian Companies Invested Over $4 Billion in South Africa, says CII

“Garg also argued that there is a strong case for ADB to adopt Country Systems for procurements and environmental safeguards and called for concerted efforts towards increasing lending for the private sector in developing member countries,” it added.

According to the statement, he also highlighted the need for taking into account the likely impact technical advancements such as Artificial Intelligence (AI) and robotics, so that ADB can equip the member countries to reap maximum benefit.

The Indian delegation to the ADB also held bilateral meetings with the Japan Bank for International Cooperation. (IANS)