A new tussle started between the Delhi Lieutenant Governor, VK Saxena and Delhi Chief Minister Arvind Kejriwal over the inauguration of Guru Gobind Singh Indraprasth University in East Delhi.

Delhi education minister, Atishi had announced the inauguration of the university by the Delhi CM which prompted the Delhi LG to issue a statement saying, “Chief Minister Arvind Kejriwal himself was aware of the fact that the L-G was scheduled to inaugurate the campus. In fact, they were also aware that they were supposed to be present in the function as Guest of Honour and distinguished guest, as desired by the L-G and had also consented to it.”

“Moreover, even on the day when Atishi made this claim in a press conference, i.e. 06.06.2023, earlier during the day, the VC of GGSIPU had announced on stage at the Convocation of GGSIPU, where Atishi was present as a Guest of Honour, that the East Campus of the University was scheduled to be inaugurated by the Lt. Governor on 08.06.2023,” it added.  

Reacting to this Delhi education minister, Atishi said that the L-G should not forget that education, higher education and technical education are all transferred subjects.

Even Delhi minister Saurabh Bhardwaj reacted to this, saying that the L-G should focus on inauguration of buildings which come under Police, Land and Public order.

“The construction of this campus started when he (VK Saxena) was not the L-G. Manish Sisodia started this work and our elected government took it further. It is strange now for the L-G to say that he was asked by officials to inaugurate the university campus,” Bhardwaj said.

“At this rate, the L-G could say tomorrow that he would inaugurate Saurabh Bhardwaj’s office. That’s why L-G has kept all officers under his control and wants to keep it going. The CM is the one vested with the moral authority to inaugurate the campus. Such thoughts should not even come to the L-G’s mind,” he added.

Tensions have been rising between the Delhi L-G and Delhi CM for the past few years over various matters. Notably, in May this year a Supreme Court judgement had ruled that the Delhi government had powers over civil services in the Delhi after which the Centre had brought in an ordinance regarding civil services giving more power to the L-G, creating more friction between the two posts.

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RBI Data Reveals a Boost: Foreign Currency Reserves Surge by $2.75 Billion, Reaching $623 Billion

Bussiness

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India Forex Reserves: India’s foreign currency reserves have increased by $ 2.759 billion to reach $ 623.20 billion on December 29, 2023. This is the seventh consecutive week when an increase in foreign exchange reserves has been seen. Earlier in the week, the foreign exchange fund stood at $620.44 billion. In the last six weeks, there has been an increase of 30.12 billion dollars in the foreign exchange reserves of RBI.

The Reserve Bank of India has released the data of foreign exchange reserves on Friday, January 5, 2023. According to this data of RBI, in the week ending December 29, foreign exchange reserves have increased by $ 2.75 billion to reach $ 623.20 billion. There has also been a big jump in foreign currency assets during the same period. Foreign currency assets increased by $ 1.86 billion to $ 551.61 billion.

This week there has been a jump in the gold reserves of RBI. Gold reserves stood at $48.32 billion with a jump of $853 million. SDR has increased by 38 million dollars to 18.36 billion dollars. Whereas the reserves deposited in the International Monetary Fund (IMF) have decreased and it has come down to 4.89 billion dollars. This increase in foreign exchange reserves has been seen due to the strong increase in FPI investment in recent times.

One of the main reasons for the change in foreign currency assets is the interference of the Reserve Bank of India in the currency market. Besides, the effect of rise or fall in foreign currency assets also affects the data of foreign exchange reserves of RBI. Foreign exchange reserves are now $22 billion away from their October 2021 record high. In October 2021, foreign exchange reserves stood at $645 billion. In the currency market, the rupee has closed at the level of 83.16 against one dollar. On January 5, 2024, the rupee has strengthened by 7 paise against one dollar.

TheDaniPostTeam
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