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Sanjay Malhotra takes charge as the New RBI Governor, 10 Things to Know About Sanjay Malhotra

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Sanjay Malhotra IAS
Sanjay Malhotra IAS

Shri Sanjay Malhotra IAS (Rajasthan 1990) presently Secretary- Revenue and appointed as the 26th Governor of the Reserve Bank of India (RBI) on the 9th of December has taken charge as the New RBI Governor . The Cabinet’s Appointments Committee has approved his three-year term, beginning December 11, 2024.

RBI Governor

He succeeds Shaktikanta Das, whose tenure concludes on December 10, 2024. Known for his vast experience in finance, taxation, and public policy, Malhotra is regarded as an exceptional choice to lead the RBI during a time of global economic uncertainty. With over 33 years of public service, Malhotra’s career reflects a diverse range of expertise, including roles in finance, taxation, power, information technology, and mining.

Sanjay RBI

An engineering graduate in Computer Science from IIT Kanpur and a Master’s degree holder in Public Policy from Princeton University, he has made significant contributions to both State and Central Government policymaking. Currently serving as the Revenue Secretary in the Ministry of Finance, Malhotra has been instrumental in strengthening India’s fiscal framework, particularly in modernizing tax administration and overseeing the implementation of the Goods and Services Tax (GST). He has also played a crucial role in managing non-tax revenues, including interest from loans and public sector dividends. As he assumes leadership at the RBI, Malhotra faces challenges like inflation management and ensuring stable economic growth. His extensive experience in fiscal governance and financial policy equips him to guide India’s central bank with vision and precision. Building on the solid foundation laid by his predecessor, he is expected to steer the institution through complex macroeconomic dynamics, reinforcing its critical role in India’s economic stability.

10 Things to Know About Sanjay Malhotra

  1. IAS Background: Part of the 1990 batch of the Rajasthan Cadre, he has a stellar reputation in the civil service.
  2. Academic Excellence: Holds a Computer Science degree from IIT Kanpur and a Master’s in Public Policy from Princeton University, USA.
  3. Current Role: Serving as the Revenue Secretary in the Ministry of Finance, where he has shaped India’s tax policies.
  4. Tax Policy Expertise: Played a pivotal role in implementing and managing the Goods and Services Tax (GST).
  5. Diverse Sectoral Experience: Worked across critical areas such as power, mining, finance, and IT, showcasing versatile leadership.
  6. Non-Tax Revenue Management: Oversaw revenues from public sector dividends, interest on loans, and service fees.
  7. Fiscal Innovator: Recognized for his contributions to modernizing India’s direct and indirect tax frameworks.
  8. Policy Strategist: Known for balancing fiscal prudence with developmental goals in his policymaking.
  9. Recognized Leader: Appointed as the 26th RBI Governor, marking a key milestone in his illustrious career.
  10. Vision for the RBI: Expected to address inflation, foster economic growth, and navigate global economic uncertainties.

IndianBureaucracy.com wishes Shri Sanjay Malhotra the very best.

Rajeev K Pal appointed Principal Registrar – High Court of Madhya Pradesh, Gwalior Bench

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Rajeev K Pal Higher Judicial Services MP
Rajeev K Pal Higher Judicial Services MP

Shri Rajeev K Pal Higher Judicial Service (MP), presently posted as Special Judge, Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act & Additional Judge, at District & Additional Sessions Judge Court, Narsinghpur, Madhya Pradesh is transferred and appointed as Principal Registrar – High Court of Madhya Pradesh, Gwalior Bench.

IndianBureaucracy.com wishes Shri Rajeev K Pal the very best.

Manish Kumar Shrivastava Transferred as Addl Sessions Judge Sidhi, High Court of MP

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Manish-Kumar-Shrivastava-Additional-Sessions-Judge-MP
Manish-Kumar-Shrivastava-Additional-Sessions-Judge-MP

Shri Manish Kumar Shrivastava Higher Judicial Service (MP), presently posted as District and Additional Sessions Judge, Gadarwara, Narsinghpur, Madhya Pradesh is transferred and appointed as Additional Sessions Judge, Sidhi, Madhya Pradesh.

IndianBureaucracy.com wishes Shri Manish Kumar Shrivastava the very best.

Vivek Gogia IPS transferred as Special CP- Special Cell, Delhi Police

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Vivek Gogia IPS AGMUT
Vivek Gogia IPS AGMUT

Shri Vivek Gogia IPS (AGMUT 1991) presently Special CP/Ops. (PCR & Communication) with additional charge of Technology & Project Implementation Division has been transferred and posted as Special CP- Special Cell, Delhi Police.

INdianBureaucracy.com wishes Shri Vivek Gogia the very best.

Karur Vysya Bank inaugurates 4 new branches today, expands to 862 Branches

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Karur Vysya Bank logo _KVB Logo
Karur Vysya Bank logo _KVB Logo

Karur Vysya Bank (KVB) celebrated a significant milestone with the inauguration of four new branches in Tamil Nadu, further enhancing its reach and customer service capabilities. These branches will offer a comprehensive suite of banking services, including accounts, deposits, loans, and locker facilities, tailored to meet the diverse needs of customers.

With these additions, KVB’s branch network has expanded to 862 locations, having added 24 branches during the financial year 2024-25. The new branches inaugurated today are:

  1. Madurai (Othakadai) – Inaugurated by Mrs. N. Usha, Joint Commissioner (Commercial Taxes), Intelligence, Madurai.
  2. Tirupur (Muthur) – Inaugurated by Mr. M.S. Shanmugam, Correspondent, Vivekananda Educational Institution, Muthur.
  3. Krishnagiri (Gandhi Road) – Inaugurated by Mrs. A. Aftab Begum, Secretary, District Panchayat Office, Krishnagiri.
  4. Chennai (Kolathur) – Inaugurated by Mr. Hanish Chaabra, IAS, Managing Director, New Tirupur Area Development Corporation Ltd, Chennai.

These branches are equipped to handle basic banking transactions while addressing specific customer requirements through a broad spectrum of products and services, including retail, institutional, and consumer lending.

KVB continues to enhance digital convenience with its advanced KVB DLite Mobile Banking app, offering over 150 features for financial and non-financial transactions. Recent upgrades have added several customer-friendly functionalities, ensuring seamless banking on the go.

With 862 branches and 2,200+ ATMs and cash recyclers, KVB has fortified its presence across the banking landscape. As of September 30, 2024, the bank’s total business stood at ₹1,76,138 crore, comprising a deposit base of ₹95,839 crore and advances of ₹80,299 crore. KVB achieved its highest-ever net profit of ₹1,605 crore in the last financial year, with a net profit of ₹932 crore recorded for the first half of the current fiscal. The bank’s Net NPA was an impressive 0.28%, reflecting its robust financial performance and strong operational efficiency.

Vaka Srinivasulu Reddy APCS posted as ED, Drones Corporation

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Andhra Pradesh Public Service Commission (APPSC)
Andhra Pradesh Public Service Commission (APPSC)

Shri Vaka Srinivasulu Reddy APCS Deputy Collector is placed at the disposal of the I&I Department for posting as ED, Drones Corporation.

IndianBureaucracy.com wishes Shri Vaka Srinivasulu Reddy the very best.

Manish Kumar Agarwal IPS posted as Special CP/Ops -PCR & Communication, Delhi Police

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Manish Kumar Agarwal IPS
Manish Kumar Agarwal IPS

Shri Manish Kumar Agarwal IPS (AGMUT 1996) presently on arrival from CRPF has been posted as Special CP/Ops. (PCR & Communication) with additional charge of Technology & Project Implementation Division, Delhi Police.

IndianBureaucracy.com wishes Shri Manish Kumar Agarwal the very best.

V Mallikajuna Reddy APCS posted as Administrator, GGH, Ananthapuramu

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Andhra Pradesh Public Service Commission (APPSC)
Andhra Pradesh Public Service Commission (APPSC)
Shri V Mallikajuna Reddy APCS Deputy Collector is placed at the disposal of the HM & FW Department for posting as Administrator, GGH, Ananthapuramu.
IndianBureaucracy.com wishes Shri V Mallikajuna Reddy the very best.

Dicky Yangzom promoted to the Indian Administrative Service , Sikkim Cadre

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Dicky Yangzom IAS Sikkim
Dicky Yangzom IAS Sikkim

Smt Dicky Yangzom SCS presently State Civil Service of Sikkim has been promoted to the Indian Administrative Service for the Select List of 2023 and allocated to the Sikkim Cadre.

IndianBureaucracy.com wishes Smt Dicky Yangzom the very best.

Manoj Kumar Sariyam IAS appointed Additional Director, Health Services, Madhya Pradesh

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Manoj Kumar Sariyam IAS

Shri Manoj Kumar Sariyam IAS (Madhya Pradesh 2017), presently, Additional Commissioner-cum-Registrar of Cooperative Societies, Madhya Pradesh, is transferred and appointed as Additional Director – Health Services, Madhya Pradesh.

IndianBureaucracy.com wishes Shri Manoj Kumar Sariyam the very best.

Nilabhra Sengupta IRSSE takes charge as CVO- BEL

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Nilabhra Sengupta IRSSE
Nilabhra Sengupta IRSSE

Shri Nilabhra Sengupta IRSSE (1997) takes charge as the Chief Vigilance Officer (CVO) of Navratna Defence PSU Bharat Electronics Limited (BEL) on deputation, marking yet another significant milestone in his illustrious career.

Bharat Electronics Limited BEL 1

A distinguished alumnus of Jadavpur University, Kolkata, Shri Sengupta completed his B.E. in Electronics & Telecommunications in 1996. He joined the prestigious Indian Railway Service of Signal Engineers two years later, embarking on a remarkable journey of public service and technical excellence.

Before assuming his new role at BEL, Shri Sengupta served as Chief Signal and Telecom Engineer/Projects at Metro Railway, Kolkata, where his leadership and expertise were pivotal. He also held the additional charge of Director (Rolling Stock and Systems) in Kolkata Metro Rail Corporation. His notable tenure includes serving as ADRM Operations in Eastern Railway’s Howrah division and deputations to RITES and Bangalore Metro Rail Corporation between 2014 and 2017.

With over 25 years of rich and diverse experience, Shri Sengupta has made significant contributions to various domains, including Signalling and Telecommunications, Train Operation Safety, Metro Technologies, Budget Management, Procurement, General Administration, Personnel Management, and IT.

His exceptional expertise and leadership skills promise to bring immense value to BEL as it continues to uphold its legacy of excellence in the defence sector. His appointment underscores BEL’s commitment to strengthening its organizational framework with visionary leaders dedicated to innovation and integrity.

IndianBureaucracy.com wishes Shri Nilabhra Sengupta the very best.

BEML bags 136 Cr MoD Contract for High Mobility Vehicles

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BEML Logo
BEML Logo

BEML Limited, a distinguished Defence Public Sector Undertaking under the Ministry of Defence, has reached a remarkable milestone by securing a ₹136 crore contract for the supply of indigenously designed High Mobility Vehicles (HMV) 8×8. This achievement highlights BEML’s unwavering commitment to advancing India’s defence capabilities and aligns seamlessly with the Government’s vision of Atmanirbhar Bharat.

Crafted at BEML’s cutting-edge manufacturing facilities, the HMV 8×8 stands as a testament to exceptional engineering and innovation. Engineered for the most demanding conditions, these vehicles feature state-of-the-art technologies, including an independent suspension system, high-power air-cooled engine, central tyre inflation system, anti-lock braking system, and backbone tube chassis. Their design ensures superior mobility, stability, and safety, with the capability to operate in extreme climates ranging from -20°C to +55°C and at altitudes up to 5,000 meters.

The vehicle’s modular architecture exemplifies adaptability, allowing for seamless integration of various superstructures without requiring special modifications. This innovation enhances cost-efficiency and ensures consistency across BEML’s diverse military vehicle lineup, which spans configurations from 4×4 to 12×12. By optimizing maintenance and logistics, these vehicles significantly boost the operational efficiency of India’s armed forces.

Commenting on this success, Shri Shantanu Roy, CMD, BEML, said:
“This contract underscores BEML’s steadfast dedication to innovation and self-reliance in defence manufacturing. The indigenously developed HMV 8×8 vehicles reflect our engineering excellence and our mission to provide India’s armed forces with state-of-the-art mobility solutions. As a proud partner in the Atmanirbhar Bharat mission, we are committed to enhancing India’s defence preparedness and strategic capabilities.”

Since its inception in the 1980s, BEML has consistently been a trailblazer in India’s defence manufacturing sector. The company has delivered an impressive range of advanced solutions, including rocket and missile launchers, Armoured Recovery and Repair Vehicles (ARRV), High Mobility All-Terrain Vehicles for radar and communication systems, and tactical Unmanned Aerial Vehicles (UAVs).

BEML has achieved 100% indigenisation across critical platforms such as the Pontoon Bridge System, Aircraft Towing Tractor, Aircraft Weapon Loader, 50T Trailer, Wagons, BMP Transmission, and Ejector Air Cleaner Assembly. These accomplishments underscore BEML’s dedication to fostering indigenous capabilities, setting unparalleled standards in quality, innovation, and reliability, and advancing India’s strategic goals under the Atmanirbhar Bharat initiative.

Continuing its legacy, BEML Limited plays a transformative role in modernizing India’s defence infrastructure. Its world-class solutions not only enhance the operational capabilities of the nation’s armed forces but also solidify India’s self-reliance, paving the way for a secure and prosperous future.