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Maharashtra <keyword id="16564287" type="General" weightage="20" keywordseo="Governor-CP-Radhakrishnan" source="Orion">Governor CP Radhakrishnan</keyword> has said he will work to make the state's economy larger than Japan and Germany and to ensure the wealth created reached the remotest village of the state. He was speaking on Wednesday at the launch of 'Yoddha Karmayogi - Eknath Sambhaji Shinde', a biography of Chief Minister and Shiv Sena leader <keyword id="193503" type="General" weightage="20" keywordseo="Eknath-Shinde" source="Orion">Eknath Shinde</keyword>, in Thane. There, he also highlighted Maharashtra's crucial role in realising Prime Minister Narendra Modi's vision of a 'Viksit Bharat' (developed India) by 2047. The governor expressed confidence in CM Shinde's leadership to make Maharashtra a <keyword id="5013559" type="General" weightage="20" keywordseo="trillion-dollar-economy" source="Orion">trillion-dollar economy</keyword> while ensuring inclusive development. "A day will come by 2047 when India will be the richest nation of the world. That time, our <keyword id="22709760" type="General" weightage="20" keywordseo="Maharashtra-state-economy" source="Orion">Maharashtra state economy</keyword> should be larger than the second largest economy of the world, that should be our aim and we all should work towards it," he said. "I will work with you to the extent that Maharashtra state's economy becomes larger than the second largest economy, larger than Japan, larger than Germany individually," the governor said. He emphasised the importance of ensuring that the wealth created reaches "the remotest, isolated village of Maharashtra". Praising Shinde, Radhakrishnan drew parallels between the CM's career trajectory and that of megastar Amitabh Bachchan, describing both as having transformed from low-profile individuals to charismatic leaders. He commended Shinde for his hard work and determination, urging youth to learn from his example. Radhakrishnan lauded prominent influential personalities from Maharashtra, including Shiv Sena founder Balasaheb Thackeray, whom he described as a youth icon and champion of local rights. He also paid rich tributes to former prime minister late Atal Bihari Vajpayee, saying he follows his teachings even now.

Governor CP Radhakrishnan vows to make Maharashtra's economy larger than that of Japan and Germany

The <keyword id="19935664" type="General" weightage="20" keywordseo="Aam-Aadmi-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Aam Aadmi Party" meta.hostid="261" meta.entityid="Aam Aadmi Party">Aam Aadmi party</keyword> is set to announce the new <keyword id="19919270" type="General" weightage="100" keywordseo="Delhi-Chief-Minister" source="keywords">Delhi Chief Minister</keyword> by 12 pm today after the party's legislative meeting in the national capital. According to the Aam Aadmi Party, the meeting will be held at the Chief Minister's residence today. Following this, <keyword id="19901384" type="General" weightage="20" keywordseo="Arvind-Kejriwal" source="keywords">Arvind Kejriwal</keyword> will meet the <keyword id="20976840" type="General" weightage="20" keywordseo="Lieutenant-Governor-VK-Saxena" source="keywords">Lieutenant Governor VK Saxena</keyword> at 4:30 p.m. today and the newly chosen leader of the legislative party will simultaneously stake a claim for the post of Chief Minister. Delhi Minister Saurabh Bharadwaj remained tight-lipped about who will succeed Arvind <keyword id="19895701" type="General" weightage="20" keywordseo="kejriwal" source="keywords">Kejriwal</keyword> as Chief Minister, stating only that the successor could be either a current minister or an MLA. "It does not matter who sits on the CM chair because the mandate was for Arvind Kejriwal. The public chose Arvind Kejriwal. He has said that he will not sit on the CM chair until the people ask again but the chair belongs to Arvind Kejriwal for these and the next 5 years... One of us will sit on the chair until the elections take place. It will be similar to the way Bharat ruled in the absence of Lord Ram," Bharadwaj said. On being asked who will replace Arvind Kejriwal, Bharadwaj said, "It can be an MLA or any present minister. There will be a discussion with the MLAs today and the name may be decided". Kejriwal announced on Sunday that he would resign and would not resume the CM's post until the people of Delhi declared him "honest." He has also called for advancing polls in the national capital to November this year, ahead of the scheduled February elections. Kejriwal stated that if re-elected by the public, it would serve as a "certificate" of his honesty. He added that he would push for early elections, alongside those in Maharashtra. The announcement by the 54-year-old leader came two days after he was released from the <keyword id="20147871" type="General" weightage="20" keywordseo="Tihar-jail" source="keywords">Tihar jail</keyword> after being granted bail by the <keyword id="19895345" type="General" weightage="20" keywordseo="Supreme-Court" source="keywords" meta.keywordsubtype="org" meta.entityname="Supreme Court" meta.hostid="261" meta.entityid="Supreme Court">Supreme Court</keyword> in a corruption case related to the alleged Delhi Excise Policy scam. The apex court also imposed certain conditions on Kejriwal's release, including that he must refrain from making public comments about the case and must attend all hearings before the trial court unless exempted.

AAP to announce New Delhi CM's name at 12 noon today

Mumbai (Maharashtra) [India], August 8 (ANI): <keyword id="64190" type="General" weightage="100" keywordseo="RBI-Governor" source="Orion">RBI Governor</keyword> <keyword id="6359111" type="General" weightage="20" keywordseo="Shaktikanta-Das" source="Orion">Shaktikanta Das</keyword> says <keyword id="19895000" type="General" weightage="20" keywordseo="inflation" source="keywords">inflation</keyword> will moderate from July onwards as the monsoon has improved and <keyword id="489239" type="General" weightage="20" keywordseo="Global-food-prices" source="Orion">global food prices</keyword> have shown signs of easing in July. Das said, "Global food prices showed signs of easing in the month of July after registering an increase since March 2024." A degree of relief in food inflation is expected from the pickup in southwest monsoon and healthy progress in Kharif sowing. Buffer stocks of cereals continue to be above the norms, according to RBI Governor Shaktikanta Das. Das added, "Assuming a normal monsoon and taking into account the 4.9 per cent inflation print, Q1 CPI inflation for the current financial year (2024-25) is projected at 4.5 per cent, with q2 at 4.4 per cent, Q3 at 4.7 per cent and Q4 at 4.3 per cent. CPI inflation for the first quarter of next financial year (Q1 2025-26) is projected at 4.4 per cent." The inflation landscape reflects mixed signals, to which Das said, "<keyword id="21258540" type="General" weightage="20" keywordseo="headline-inflation" source="keywords">Headline inflation</keyword> eased up to 5.1 per cent in June 2024 due to higher than expected food inflation. Fuel remained in deflation for the 10th consecutive month. Core inflation moderated to a historic low in the months of May and June." RBI Governor Shaktikanta Das, outlined the <keyword id="19900794" type="General" weightage="20" keywordseo="economic-growth" source="keywords">economic growth</keyword> with real <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> of 7.2 per cent for the fiscal year 2024-25 and headline inflation eased to 5.1 per cent in June, on Thursday. Das said, "Real GDP growth for 2024-25 is projected at 7.2 per cent with Q1 at 7.1 per cent, Q2 at 7.2 per cent, Q3 at 7.3 per cent and Q4 at 7.2 per cent. Real GDP growth for Q1 2025-26, this is something which we are giving for the first time, is projected at 7.2 per cent. The risks are evenly balanced." He added, "We have slightly moderated the <keyword id="387719" type="General" weightage="20" keywordseo="growth-projection" source="Orion">growth projection</keyword> for the first quarter of the current financial year in relation to the projection we gave in the previous MPC in June. This is primarily due to updated information on certain high-frequency indicators which show lower than anticipated corporate profitability, general government expenditure and core industries output." This forecast marks a slight moderation from previous estimates provided in the Monetary Policy Committee (MPC) meeting in June, attributed to recent updates on high-frequency indicators such as corporate profitability, general government expenditure, and core industries output. The inflation landscape reflects mixed signals, to which Das said, "Headline inflation eased up to 5.1 per cent in June 2024 due to higher than expected food inflation. Fuel remained in deflation for the 10th consecutive month. Core inflation moderated to a historic low in the months of May and June." Balancing robust growth projections with a nuanced understanding of inflation dynamics Governor Das stated, "Food inflation which has a weight of around 46 per cent in the CPI basket, contributed to more than 75 per cent of headline inflation in May and June. Vegetable prices increased sharply and contributed about 35 per cent to inflation in June. High inflation pressures persisted across other major food items also." Governor Das mentioned softening in core inflation continues to be broad-based with core services inflation touching a new low in the current CPI series during the month of May and June 2024. Das stated, "The high food price momentum likely to have continued in the month of July also. Large favourable base effects may however push headline inflation downwards in July. The Impact of the revision in milk prices mobile tariffs also needs to be carefully monitored." A degree of relief in food inflation is expected from the pickup in south west monsoon and healthy progress in Kharif sowing. Buffer stocks of cereals continue to be above the norms, according to RBI Governor Shaktikanta das. Das anticipates some relief in food inflation due to the expected pickup in the southwest monsoon and healthy progress in Kharif sowing. Buffer stocks of cereals remain above the normative levels, contributing to a more stable food price environment. Global food prices, which have been on an upward trajectory since March 2024, showed signs of easing in July.

RBI Governor Shaktikanta Das projects 7.2% GDP growth for 2024-25, reports eased inflation to 5.1% in June

Mumbai, RBI Governor <keyword id="6359111" type="General" weightage="20" keywordseo="shaktikanta-das" source="Orion">Shaktikanta Das</keyword> on Monday said the central bank is "not comfortable" with the gross non-performing assets ratio of 8.7 per cent in urban cooperative banks (UCBs) and asked them to work towards improving the same. Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders should improve the governance standards, avoid related-party transactions and focus on credit risks, among others. It can be noted that the UCB sector has been fraught with multiple challenges and also witnessed difficult times in the recent past, like the implosion of the city-headquartered Punjab and Maharashtra Bank. Das reminded the directors of the UCBs that banks run on depositors and added that protection of the hard-earned money pooled in from the middle class, poor and retirees is far more sacred than going to a temple or a gurdwara. While the overall picture at an aggregate level looks nice, the situation on GNPAs and capital adequacy is "not at all satisfactory", Das said. He said the overall GNPAs have improved to 8.7 per cent, which is "not a good number. It is not a comfortable number even at an aggregate level". Scheduled commercial banks' GNPAs stood at a decadal best level of 3.9 per cent in March 2023 and are widely estimated to improve further. To manage the scourge of <keyword id="127693" type="General" weightage="20" keywordseo="npas" source="Orion">NPAs</keyword> better, Das suggested that there should be a focus on credit risk management with better underwriting. He said the RBI has come across instances of conflicts of interest or related party transactions, which need to be avoided. Similarly, there have been instances of many of the top defaulters being individuals or businesses having the ability to pay, Das said. The top 20 defaulters account for over 60 per cent of the loan overdue, and focusing on this segment can help improve the overall NPAs, he added. On the capital adequacy front, he noted that there has been an improvement in the ratios to 16.6 per cent at the end of FY23 from 15.5 per cent a year ago. Making it clear that he wants to share the RBI's concerns with the lenders, Das exhorted the UCBs to focus on the quality of governance by paying attention to compliance, risk management and internal audit. He said the RBI has come across instances where there is only "paper compliance" and no compliance is observed when an on-field inspection takes place, Das said, adding that the internal audit function also requires focus. The governor asked bank management to present a risk analysis report to the board on a quarterly basis, rather than making it into an annual effort. It is also necessary for the directors - who are elected and not appointed based on their skill sets, unlike the SCBs - to understand the financial sector, credit risk, banking, information technology and risk management, Das said. The <keyword id="6354335" type="General" weightage="50" keywordseo="reserve-bank-of-india" source="Orion">Reserve Bank of India</keyword> has prescribed a board of management to help the elected board members with professional help in running a bank, and the same should not be seen as an impediment, he added. Stressing that the board discussions should be free and fair, Das said it is important to have any dominance of one or two persons in the decision-making. "There should be free, frank and democratic discussions. Board members should be encouraged to ask whatever questions they have on their mind," he said. Das also expressed the RBI's discomfort with board committees like those handling important functions, such as audit and risk not meeting regularly, stating that it has come across instances where such meetings are not held for months or even multiple years. He also asked UCBs to monitor asset-liability mismatches, follow transparent accounting practices and recruit people based on requirements and ability to spend. On the technology front, he said the RBI has found that the quality of the core banking solution is not at all satisfactory in some banks, and the treasury operations are not getting reflected in the CBS. Going ahead, the UCB segment will be facing competition from tech-savvy entities like digital lenders, fintechs, non-bank lenders and micro-lenders, and hence, need to focus more on technology, Das said. The governor said the UCB sector - built to serve as the neighbourhood bank - is "doing well" from an overall perspective, and also made it clear that the RBI is fine with some of the entities in the sector growing big.

Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance

Mumbai (Maharashtra) [India], November 17 (ANI): Reserve Bank of India Governor <keyword id="6359111" type="General" weightage="80" keywordseo="shaktikanta-das" source="Orion">Shaktikanta Das</keyword> chaired meetings with Managing Directors and Chief Executive Officers of public sector banks and certain private sector banks on Wednesday. The meetings were also attended by Deputy Governor M. K. Jain along with a few senior officials of the RBI, the central bank said in a statement. Governor Das acknowledged the crucial role played by the commercial banks in supporting economic growth throughout the turbulent times since the outbreak of the pandemic and the ongoing financial market turmoil. Das further stated that despite challenges, the Indian banking sector has remained resilient and continued to improve in various performance parameters. "He advised the banks to remain watchful of the evolving macroeconomic situation, including global spillovers, and take mitigating measures proactively so that the potential impact on their balance sheets is minimised and financial stability risks are contained," the RBI statement said. Among other matters, issues relating to lagging growth in deposits vis-a-vis credit growth, asset quality, investments in IT infrastructure, adoption of new-age technology solutions, and functioning of Digital Banking Units were also discussed. (ANI)

'Remain watchful' is RBI Governor's advice to heads of banks amid global headwinds

New Delhi, The <keyword id="6354977" type="General" weightage="20" keywordseo="supreme-court" source="Orion">Supreme Court</keyword> Thursday held the Maharashtra governor was not justified in calling upon then chief minister <keyword id="53973" type="General" weightage="20" keywordseo="uddhav-thackeray" source="Orion">Uddhav Thackeray</keyword> to prove majority in the Assembly on June 30 last year but refused to order status quo ante, saying he did not face the floor test and resigned. It, however, said since Thackeray had resigned without facing the floor test, the governor was justified in inviting Shinde to form government at the behest of the BJP which was the largest political party in the House. In a unanimous verdict on a batch of pleas related to the political crisis that led to the fall of the Maha Vikas Aghadi (MVA) government led by Thackeray following a revolt by the <keyword id="193503" type="General" weightage="20" keywordseo="eknath-shinde" source="Orion">Eknath Shinde</keyword> faction, a five-judge Constitution bench headed by Chief Justice of India D Y Chandrachud held that House speaker's decision to appoint Bharat Gogawale of the Shinde faction as the whip of Shiv Sena was "illegal". "The governor was not justified in calling upon Thackeray to prove his majority on the floor of the House because he did not have reasons based on objective material before him to reach the conclusion that Thackeray had lost the confidence of the House," said the bench which also comprised Justices M R Shah, Krishna Murari, Hima Kohli and P S Narasimha. "However, the status quo ante can't be restored because Thackeray did not face the floor test and tendered his resignation. The governor was, therefore, justified in inviting Shinde to form the government at the behest of the BJP which was the largest political party in the house," it said. The top court also referred the 2016 Nabam Rebia verdict by a five-judge constitution bench, which relates to the power of speaker on disqualification of MLAs, to a larger bench of seven judges.

Thackeray resigned without facing floor test, can't be restored as CM: SC

<keyword id="6358821" type="General" weightage="80" keywordseo="shiv-sena" source="Orion">Shiv Sena</keyword> rebel leader <keyword id="193503" type="General" weightage="100" keywordseo="eknath-shinde" source="Orion">Eknath Shinde</keyword> will be the new <keyword id="13126" type="General" weightage="80" keywordseo="maharashtra" source="Orion">Maharashtra</keyword> Chief Minister, BJP leader <keyword id="6355042" type="General" weightage="80" keywordseo="devendra-fadnavis" source="Orion">Devendra Fadnavis</keyword> announced on Thursday. Fadnavis made the announcement at a joint press meet after the duo met Governor Bhagat Singh Koshyari, ahead of the swearing-in slated for later in the evening. (developing story) SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/politics/india/news/uddhav-thackeray-the-accidental-chief-minister/articleshow/92559485.cms">Uddhav Thackeray: The accidental chief minister</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/politics/india/news/maha-crisis-fadvanis-shinde-to-decide-the-next-course-of-action/articleshow/92543340.cms">Maha crisis: Fadvanis, Shinde to decide the next course of action</a>

Eknath Shinde to be the new Chief Minister of Maharashtra

The Uddhav Thackeray-led Maha Vikas Aghadi government of the Shiv Sena-NCP-Congress alliance may face <keyword id="6536583" type="UNKNOWN" weightage="20" keywordseo="floor-test">floor test</keyword> in the Assembly on Saturday, sources said. The floor test is "most likey" to be held on Saturday, the Vidhan Bhawan sources told PTI. Governor B K Koshyari has asked Thackeray to prove majority by December 3. Thackeray, who is also the <keyword id="6358821" type="ORGANIZATION" weightage="20" keywordseo="shiv-sena">Shiv Sena</keyword> president, was sworn-in as the chief minister on Thursday evening and hours later, presided over his government's first cabinet meeting. Besides Thackeray, six other ministers - two each from the Sena, the Congress and the NCP - also took oath. PTI VT

Uddhav Thackeray asked to prove majority in a floor test by governor

<ul><li>Shiv Sena, Congress and NCP file a petition in the Supreme Court over swearing in of <keyword id="6355042" type="PERSON" weightage="20" keywordseo="Devendra-Fadnavis">Devendra Fadnavis</keyword> as CM. </li><li>The three parties say that they have the support of more than 144 MLAs. </li><li>The petitioners alleged that the governor acted in a ‘partisan manner’. </li></ul>The Shiv Sena-NCP-Congress combine on Saturday night filed a petition in the Supreme Court seeking quashing of the Maharashtra governor's decision to swear-in BJP's Devendra Fadnavis as chief minister and demanded an immediate floor test to avoid "further horse trading". The three parties also sought a direction to the governor to invite them to form government under the leadership of Sena chief <keyword id="53973" type="PERSON" weightage="20" keywordseo="Uddhav-Thackeray">Uddhav Thackeray</keyword> saying they have the support of more than 144 MLAs. The petitioners alleged that the governor has acted in a "partisan manner" and has allowed himself to be a "pawn in the BJP's illegal usurpation of power". The parties further prayed for an "immediate floor test within 24 hours so as to avoid further horse trading and illegal maneuvers to somehow cobble up a majority from the MVA (Maha Vikas Aghadi)". Their lawyer Sunil Fernandes said the petition has been filed with registry and a formal listing of the plea for hearing is awaited.

SC to hear Sena's petition against Maha governor's move to swear in Fadnavis

<keyword id="6358821" type="General" weightage="20" keywordseo="shiv-sena" source="Orion">Shiv Sena</keyword> chief whip Sunil Prabhu Wednesday alleged in the Supreme Court that Maharashtra Governor's direction to the Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government to take a floor test in the Assembly on Thursday was "malafide, unconstitutional, and illegal." The plea challenging the Governor's direction was mentioned before a vacation bench of Justices Surya Kant and J B Pardiwala who took note of submissions of senior advocate A M Singhvi that an urgent hearing was needed and is scheduled to hear the matter at 5 pm. The petition contended that Governor Bhagat Singh Koshyari vide communication dated June 28, 2022 (which was received today i.e., on June 29 at about 9:00 am) has decided to hold a floor test in complete defiance of the fact that this court is seized of the issue of the disqualification proceedings. "Such undue haste is manifestly arbitrary and therefore violative of Article 14," said the plea and sought directions seeking setting aside of the impugned communication sent by the Governor to the Chief Minister as well as to the secretary of the Assembly. "It is submitted that this Court is considering the validity of the disqualification proceedings and has kept the matter for hearing on July 11, 2022. The issue of disqualification is directly connected/interlinked with the issue of floor tests. "It is submitted that the impugned communications are entirely based on media reports with no concrete material whatsoever. None of the 39 MLAs, it appears, have individually or collectively written to the Hon'ble Governor about their decision to withdraw support from the MVA-led government," the plea said. Prabhu submitted in his plea that the impugned directions ought not to have been issued without the aid and advice of the council of the ministers led by the Chief Minister. "It is surprising that the leader of the opposition admittedly meets the Governor at 10:00 pm on June 28, 2022, and the impugned communications are also of the same date. This only shows the undue haste with which the Hon'ble Governor has acted without even asking the CM for his views in respect of the political scenario in the State. "The impugned directions, it seems, have been issued on the 'aid and advice of the leader of the opposition, which is clearly not contemplated under the constitution," the plea said. The petition stated that there is absolutely no ground or material to call for an urgent floor test on June 30, 2022, when this court is already seized of parallel proceedings and wherein constitutional issues are to be decided. "The Governor with little or scant respect to the sanctity and dignity of this court has proceeded to go ahead and order a floor test in a clear attempt to shield the MLAs from the punishment entailed on account of the constitutional sin of defection. "The floor test, no doubt, is a constitutional mandate to ascertain who has the majority as our democracy is founded on the rule of the majority. An equally concomitant consideration and constitutional imperative in the Tenth Schedule of the Constitution which prescribes and outlines who can be entitled to vote or be a part of the Assembly," the plea said. Prabhu contended that the respondents in the disqualification petitions have already lost their membership on the day they voluntarily gave up their membership from Shiv Sena. "The disqualification proceedings under the Tenth Schedule are only a formal adjudication of this fact or otherwise of disqualification. The order of the Speaker/Deputy Speaker is an ex post facto recognition of the event of disqualification which had occurred at an anterior point of time," it said. Koshyari has asked the Maharashtra Legislature Secretary to hold a floor test of the <keyword id="8400868" type="General" weightage="20" keywordseo="MVA-government" source="Orion">MVA government</keyword> at 11 am on Thursday. The Governor's letter comes amid the rebellion in the ruling Shiv Sena by senior minister <keyword id="193503" type="General" weightage="20" keywordseo="eknath-shinde" source="Orion">Eknath Shinde</keyword>, who has been camping in Guwahati since last week with the majority of party legislators and several independent MLAs, which has pushed the government led by Thackeray, who is also the Sena president, into a crisis. Earlier, the apex court on June 27 had kept in abeyance the disqualification proceedings against rebel Shiv Sena MLAs before the Deputy Speaker of the state Assembly till July 11, and also sought responses from the state government and others on their pleas questioning the legality of notices seeking their disqualification. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rupee-could-slide-to-82-as-a-strong-dollar-is-nullifying-rbi-efforts/articleshow/92543254.cms">Rupee could slide to 82 as a strengthening dollar is nullifying RBI efforts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/zepto-dunzo-among-the-next-122-unicorns-from-india-heres-the-complete-hurun-list/articleshow/92545281.cms">Zepto, Dunzo among the next 122 unicorns from India — here's the complete Hurun list</a>

Maha crisis: Sena calls floor test illegal and malafide

<ul><li>A Rashtrapati Bhavan communique said Malik has been shifted to <keyword id="6355772" type="UNKNOWN" weightage="20" keywordseo="meghalaya">Meghalaya</keyword>, and Governor of Maharashtra Bhagat Singh Koshyari has been asked to discharge the functions of Goa governor in addition to his own duties. </li><li>There was, however, no mention of Roy, who completed his five-year tenure by serving as governor of Tripura for three years and the remaining in Meghalaya. </li><li>There is no fixed tenure for governors, but conventionally it is considered for a period of five years. </li></ul> <keyword id="2773123" type="PERSON" weightage="20" keywordseo="Satya-Pal-Malik">Satya Pal Malik</keyword> was on Tuesday transferred as Governor of the northeastern state of Meghalaya, replacing <keyword id="866788" type="PERSON" weightage="20" keywordseo="Tathagata-Roy">Tathagata Roy</keyword> who completed his five-year tenure on the gubernatorial post. A Rashtrapati Bhavan communique said Malik has been shifted to Meghalaya, and Governor of Maharashtra Bhagat Singh Koshyari has been asked to discharge the functions of Goa governor in addition to his own duties. There was, however, no mention of Roy, who completed his five-year tenure by serving as governor of Tripura for three years and the remaining in Meghalaya. There is no fixed tenure for governors, but conventionally it is considered for a period of five years. There have been examples in the past where governors have served for a longer period like that of E S L Narasimhan, who served continuously for 12 years in Chhattisgarh, Andhra Pradesh (undivided) and later in Telangana. Roy, who would turn 75 next month, had stoked a controversy last year when he supported a tweet by a retired army official calling for banning of Kashmiri goods in the aftermath of an attack on the CRPF convoy that killed 40 security personnel. As the news of the new appointment reached Shillong, Roy tweeted, "Upon receipt of news from Rashtrapati Bhavan I spoke to Shri Satyapal Malikji, the new Governor-Designate and welcomed him to Shillong. It may take him a little time to come here." "I was supposed to have been relieved on 20th May. Now the end of the road is in sight!" he said. Roy was appointed governor of Meghalaya in August 2018 and continued till date, barring absence between December 2019 to January 2020 when he was on leave. Malik (73) was the last governor of erstwhile Jammu and Kashmir before it was divided into two union territories -- Ladakh and JK-- on October 31 last year. The announcement in this regard was made on August 5 last year when the Centre abrogated the special status of Jammu and Kashmir. SEE ALSO: <a href="https://www.businessinsider.in/careers/latest-job-openings-at-google-microsoft-jp-morgan-goldman-sachs-ericsson-amazon-adobe-zomato-for-software-engineers/slidelist/77585263.cms">Google, Microsoft, JP Morgan, Goldman Sachs, Ericsson and other companies hiring software engineers in India right now</a> <a href="https://www.businessinsider.in/politics/world/news/barack-obama-has-privately-voiced-concerns-that-joe-biden-could-f-things-up-according-to-a-report/articleshow/77574349.cms">Barack Obama has privately voiced concerns that Joe Biden could 'f--- things up,' according to a report</a>

Satya Pal Malik becomes the new Governor of Meghalaya

Mumbai, Dec 28 (PTI) The Maharashtra Legislative Assembly was prorogued on Tuesday at the end of the five-day winter session of the state legislature here. The Budget session will be held in Nagpur, the second capital of the state, from February 28, Deputy speaker Narhari Zirwal announced. He read out the prorogation order of Governor Bhagat Singh Koshyari. Traditionally, the winter session is held in Nagpur, but it was held in Mumbai in 2020 and again this year citing the COVID-19 pandemic. PTI MR KRK KRK

Budget session of Maharashtra legislature to be held in Nagpur from Feb 28

<keyword id="13126" type="General" weightage="80" keywordseo="maharashtra" source="Orion">Maharashtra</keyword> Governor Bhagat <keyword id="12698258" type="General" weightage="80" keywordseo="singh-koshyari" source="Orion">Singh Koshyari</keyword> has asked the ruling Maha Vikas Aghadi government of Shiv Sena-Nationlaist <keyword id="1575" type="General" weightage="80" keywordseo="congress" source="Orion">Congress</keyword> Party-Congress to take a floor test and prove its majority on June 30 (Thursday). A letter to the effect was issued to the Maharashtra Legislature Secretary by the Raj Bhavan late Tuesday -- soon after a delegation of the Opposition Bharatiya Janata Party (BJP) met the Governor and urged him for immediate directions to the MVA to prove its majority. The Governor has convened a Special Session of the Maharashtra Assembly Thursday with a single point agenda of a trust vote against Chief Minister <keyword id="53973" type="General" weightage="100" keywordseo="uddhav-thackeray" source="Orion">Uddhav Thackeray</keyword>. "Thus I have issued a communication to the CM calling upon him to prove his majority on the floor of the House on 30.06.2022," said the Governor. The proceedings shall begin at 11 a.m. and end at 5 p.m. Thursday, the proceedings shall be video-graphed and telecast live and adequate security shall be provided inside and outside the legislature. Meanwhile, there are indications that the <keyword id="6358821" type="General" weightage="80" keywordseo="shiv-sena" source="Orion">Shiv Sena</keyword> is likely to move the Supreme Court for an urgent hearing in the matter amid speculation that Thackeray may take certain drastic measures at the Cabinet meeting scheduled later in the day ALSO SEE <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/politics/news/punjab-congress-chief-sidhu-quits-with-a-one-line-resignation/articleshow/90256050.cms">Punjab Congress chief Sidhu quits with a one-line resignation</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/politics/news/bjp-up-has-spent-over-3-crore-on-facebook-ads-last-month-congress-spent-6-lakh/articleshow/89750791.cms">BJP UP has spent over ₹3 crore on Facebook ads last month, Congress spent ₹6 lakh</a>

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