MAM
Court ruling on political ads may be contested
NEW DELHI: The Indian government is contemplating contensting the Andhra Pradesh high court order quashing a ban on political advertisements on the electronic medium. Reason: to douse the fire that has engulfed not only Congress chief Sonia Gandhi, but also Prime Minister Atal B. Vajpayee.
According to political sources in the Capital, the govermnent is mulling, as one of the options, to go in for a Special Leave Petition (SLP) petitoning the Supreme Court to look into the issue of politcal advertisments, surrogate or otherwise, on television channels.
The sources said that a high-level meeting in this regard was held at the Prime Minister’s residence yesterday where this matter was debated.
It is also learnt that Vajpayee, while expressing his unhappiness at being target of a surrogate advertisment questioning his antecendents during the pre-Independence days, would want the issue to be buried. An ideal scenario would be to have the Supreme Court stay the order of the Andhra high court, which removes the ban on political ads to be carried o TV channels under the Cable TV Network (Regulation) Act.
Amongst the several options discussed, the most plausible looked like the one where the government or an organisation contested the Andhra HC order.
Those who attended the meeting with the PM included his advisor Brajesh Misra, information and broadcasting minister Ravi Shankar Prasad, Solicitor-General Soli Sorabjee and Bharatiya Janata Party president Venkaiah Naidu.
On 23 March, the Andhra HC, based on a petition filed by Gemini Television Network, ETV and Maa TV which challenged rule 7 (3) of the Act invoked by the Information and Broadcasting Ministry and Election Commission to ban telecast of political advertisements, quashed the ban.
The court also observed that the ban order amounted to discrimination between the two media (print and electronic) and was also violative of the right to freedom of trade and business.
Since the order was passed, the issue has snowballed into a controversy with the Election Commissiona nd the government lobbing the ball into each other’s court.
The issue of surrogate political advertisements is echoing not in the Election Commission or on TV channels, but somewhere else. The reverberations of personal attacks can be heard in the Prime Minister’s residence. Apparently, according to political sources, PM Atal B Vajpayee is very upset that an ad allegedly showing him in bad light did a round of TV channels before broadcasters decided to take all such ads off air.
Stung by a surrogate ad put out by a Bharatiya Janata Party front organization questioning party chief Sonia Gandhi’s foreign origin, a seemingly front organization of the Congress hit back by issuing an ad that dwelt on Vajpayee’s antecedents and that he was allegedly involved as an informant for the British during the pre-Independence days of India.
Brands
Muthoot FinCorp names Arun Kumar COO & Harjit Singh Takkar chief distribution officer
Leadership hires to boost operations and widen pan-India reach
THIRUVANANTHPURAM: Muthoot FinCorp has strengthened its top deck with the appointment of Arun Kumar B as chief operating officer and Harjit Singh Takkar as chief distribution officer, sharpening its focus on scale, speed and service as it pushes into its next phase of growth.
The flagship financial services arm of the 138-year-old Muthoot Pappachan Group, popularly known as Muthoot Blue, is expanding both muscle and mindset. With more than 3,750 branches nationwide and its digital platform, the Muthoot FinCorp ONE app, the company is betting on tighter execution and wider reach to stay ahead in an increasingly competitive lending market.
Arun Kumar B steps in with nearly two decades of experience cutting across financial services, technology transformation and customer analytics. He previously worked with CreditAccess Grameen, where he led enterprise-wide technology and data strategy initiatives and played a pivotal role during a major merger in the microfinance space. His work spanned integrating operations and products while scaling lending and non-credit offerings such as insurance and pensions.
At Muthoot FinCorp, Arun will steer operational excellence and strategic growth initiatives, aligning teams and processes to deliver sharper efficiency across the business. A gold medallist from Anna University and a postgraduate from IIM Indore, he also holds certifications in design thinking, Blue Ocean Strategy and business analytics.
Harjit Singh Takkar takes on the newly created role of chief distribution officer, reporting directly to the chief executive officer. The position is designed to energise the company’s distribution engine and bring greater governance and agility across its branch network.
Takkar brings over 28 years of retail banking experience, having held senior leadership roles at IndusInd Bank, Bandhan Bank, Yes Bank and ICICI Bank. Known for scaling branch networks and building high-performing teams, he combines distribution expertise with governance depth as a qualified company secretary with a master’s degree in finance and control.
In his new role, Takkar will oversee branch business and distribution channels, with a clear brief to expand reach, lift productivity and reinforce the company’s pan-India presence.
Commenting on the appointments, Muthoot FinCorp Ltd. chief executive officer Shaji Varghese, said the company continues to invest in leadership as it scales. “Our purpose is to improve the financial well-being of the common man. As we grow, strengthening leadership across key functions is important to ensure consistency in execution and customer experience,” he said.
With complementary strengths in operations and distribution now in place, Muthoot FinCorp appears set to move from steady expansion to sharper acceleration, backed by people, process and technology working in concert.
