CENTRAL VIGILANCE COMMISSION

will-murmu-be-made-vc-after-retirement

Will Murmu be made VC after retirement?

It is widely believed that after his retirement in November this year, the outgoing Expenditure Secretary Girish Chandra Murmu (IAS:1985:GJ) may be considered for the coveted job of Vigilance Commissioner in CVC.

 

Sharad Kumar (Retd IPS:1979:HY) was on June 11, 2019 announced as Interim CVC after K V Chowdary completed his term. Presently, CVC and a VC posts are lying vacant as formal announcement of the appointment of CVC is awaited. But the official website of CVC suggests that two posts of VC are lying vacant at present.

09 Sep 2019
mishra-prematurely-repatriated-from-cvc

Mishra prematurely repatriated from CVC

The NaMo administration on Monday repatriated  Shiv Babu Mishra (IOFS:1991) prematurely to avail the benefit of promotion in parent cadre. He serves as Director in Central Vigilance Commission (CVC).

22 Jul 2019
will-murmu-be-made-vc-after-retirement

Will Murmu be made VC after retirement?

By IndianMandarins 09 Sep 2019

It is widely believed that after his retirement in November this year, the outgoing Expenditure Secretary Girish Chandra Murmu (IAS:1985:GJ) may be considered for the coveted job of Vigilance Commissioner in CVC.

 

Sharad Kumar (Retd IPS:1979:HY) was on June 11, 2019 announced as Interim CVC after K V Chowdary completed his term. Presently, CVC and a VC posts are lying vacant as formal announcement of the appointment of CVC is awaited. But the official website of CVC suggests that two posts of VC are lying vacant at present.

mishra-prematurely-repatriated-from-cvc

Mishra prematurely repatriated from CVC

By IndianMandarins 22 Jul 2019

The NaMo administration on Monday repatriated  Shiv Babu Mishra (IOFS:1991) prematurely to avail the benefit of promotion in parent cadre. He serves as Director in Central Vigilance Commission (CVC).

khare-is-director,-cvc

Khare is Director, CVC

By IndianMandarins 11 Jun 2019

Vivek Khare (Indian Telecom Service:1996) was on Monday appointed to the post of Director, Central Vigilance Commission for a period ending June 23, 2019. He  served as Director in Central Election Commission (CEC). 

m-s-yadav-appointed-director,-cvc

M S Yadav appointed Director, CVC

By IndianMandarins 30 Apr 2019

Mahander Singh Yadav, a 1997 batch officer of Indian Telecom Service, was on Tuesday appointed to the post of Director in Central Vigilance Commission (a CSS post) for a period of five years. 

vigilance-officials-to-train-in-vienna;-have-fun-in-summer

Vigilance officials to train in Vienna; have fun in summer

By IndianMandarins 04 Apr 2019

Come summer and lucky civil servants fly off to Europe or the USA on official trips. Even the vigilance department doesn't mind relishing this minor indulgence.


So, to train vigilance officials into modern anti-corruption techniques, the central vigilance commission will fly them off to attend a customized training program at the International Anti Corruption Academy (IACA), Vienna, Austria from June 3 to 14, according to an official order.


The CVC is said to have called for details from CVOs in order to update its database as well as nominate officers for the upcoming international/domestic training to be conducted by the Commission and for proposed customized training in Austria.


The eligibility criteria for training is that "the officers (CVOs) should not have undergone any foreign training in the last two years as on April 1 of the year in which training is being organized", in order to be eligible for the upcoming international training.


The IACA is an international organization based in Laxenburg, Austria dedicated to overcoming current shortcomings in knowledge and practice in the field of anti-corruption and seeking to empower professionals for future challenges.


Over Rs 240 crore has been allocated to the Personnel Ministry for domestic and foreign training of civil servants and augmenting the necessary infrastructure during this fiscal in the interim budget presented by the Union government in February. 

rajesh-kumar-is-director,-cvc

Rajesh Kumar is Director, CVC

By IndianMandarins 29 Mar 2019

Rajesh Kumar (IOFS:1990) was on Thursday appointed to the post of Director in Central Vigilance Commission on lateral shift basis for a period ending April 27, 2020. Presently, he is Director in the Ministry of Drinking Water and Sanitation. 

cvc-smells-rat-in-sale-of-stressed-assets-of-psbs

CVC smells rat in sale of stressed assets of PSBs

By IndianMandarins 19 Mar 2019

The Central Vigilance Commission (CVC) has drawn the government's attention to several irregularities in the transactions involving the sale of PSBs' non-performing loan accounts to Asset Reconstruction Companies (ARCs). 

 

This has prompted the department of financial services to write to all PSBs, asking them to analyze all accounts of over Rs 50 crore and initiate action after examining accountability of executives and lodge complaints with law enforcement agencies.

 

“Instances have come to the notice of the commission, wherein prudence has not been observed while taking a decision on the sale of the stressed asset to ARCs. Irregularities have been noticed in estimating the value of underlying securities (which) is much higher than the value at which the assets were sold to ARCs, post-sale realization from assets, management fees and expenses charged by ARCs, etc,” the CVC said after an analysis of 302 cases of over Rs 50 crore from 2014-15 to 2017-18.

 

In at least 48 cases, assets were sold to ARCs below the realizable value of securities that the borrower had given as security at the time of availing of the loan. In several cases, banks were found to be fixing the reserve price without factoring in the accrued interest, resulting in banks having to take a deeper haircut, the CVC said in its report to the government.

 

It also said that in case of companies that are sold as a “going concern”, the primary value of stocks and equipment were not factored in, while fixing the reserve price.

 

Similarly, in 55 cases, assets were sold within a year of the date of the account turning into a non-performing asset (NPA), without banks initiating recovery action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act.

 

In all, 22 irregularities and gaps in regulations have been pointed out by the vigilance body, prompting the government to swing into action.

pratima-gupta-appointed-director,-cvc

Pratima Gupta appointed Director, CVC

By IndianMandarins 18 Mar 2019

Ms Pratima Gupta, 2002 batch officer of Indian Statistical Service, was on Monday appointed to the post of Director in Central Vigilance Commission for a period of five years.

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