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Date: 01-Apr-2024 Category: Extra Ordinary State: Union Government Country: India

Acceptance of resignation of Shri Raama Sreenivasan, non official Director on the Board of NABARD

Issued by Ministry of Finance · Department of Financial Services

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces the acceptance of the resignation of Shri Raama Sreenivasan, a non-official Director on the Board of the National Bank for Agriculture and Rural Development (NABARD), by the Central Government.

Key Changes

  • Shri Raama Sreenivasan's resignation from the NABARD Board has been accepted.
  • The resignation is effective from March 22, 2024.
  • The notification is issued by the Ministry of Finance, Department of Financial Services, and is in exercise of powers conferred by clause (2) of section 10 of the National Bank for Agriculture and Rural Development Act, 1981.

Impact Analysis

NABARD

  • Action Item: Commence the process to identify and appoint a suitable replacement for the non-official Director position, adhering to the relevant provisions of the NABARD Act, 1981.

Ministry of Finance (Department of Financial Services)

  • Action Item: Maintain records of the resignation and appointment process for audit and compliance purposes.

Stakeholders of NABARD (Farmers, Rural Enterprises, etc.)

  • Action Item: NABARD to communicate any significant strategic or policy changes to relevant stakeholders in a timely manner.

Key Entities Referenced

National Bank for Agriculture and Rural Development (NABARD): A development finance institution in India focusing on agriculture and rural development. Shri Raama Sreenivasan: Former non-official Director on the Board of NABARD. Ministry of Finance (Department of Financial Services): The government ministry responsible for financial services in India. National Bank for Agriculture and Rural Development Act, 1981: The Act of Parliament that established NABARD and governs its operations and board composition.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-01042024-253491 CG-DxLx-xEG-I0D1H0x4x2x0 24-253491 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1508] नई दिल्ली, सोमिार, अप्रैल 1, 2024/चत्रै 12, 1946 No. 1508] NEW DELHI, MONDAY, APRIL 1, 2024/CHAITRA 12, 1946 जित्त मत्रं ालय (जित्तीय सिे ाए ं जिभाग) अजधसचू ना नई दिल्ली, 1 अप्रलै , 2024 का.आ. 1589(अ).— राष्ट्रीय कृजि और ग्रामीण जिकास बैंक अजधजनयम, 1981 (1981 का 61) की धारा 10 के खंड (2) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्द्रीय सरकार एतद्द्वारा नाबाडड के बोडड में गैर-सरकारी जनिेिक श्री रामा श्रीजनिासन के त्याग पत्र को दिनांक 22.03.2024 से स्ट्िीकार करती ह।ै [फा. स.ं 7/18/2021-एसी] डॉ. एम. पी. तजन्द्गराला, अपर सजचि 2364 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 1st April, 2024 S.O. 1589(E).—In exercise of the powers conferred by clause (2) of section 10 of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981), the Central Government hereby accepts resignation of Shri Raama Sreenivasan, non-official Director on the Board of NABARD, with effect from 22.03.2024. [F. No. 7/18/2021-AC] Dr. M. P. TANGIRALA, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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