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first_imgIt was noticed construction work of these stadiums has notIt was noticed construction work of these stadiums has not started (June 2015) as the land was not made available by Gram Panchayats concerned. DSYAO, Ambala stated (June 2015) the work has not been started so far. Response from DSYAO, Jhajjar was not received, the CAG report said.Thus, transferring of funds without ensuring availability of land resulted not only in blockade of funds of Rs 1.52 crore but also deprived sports persons of the facilities.Scrutiny of records of district sports and youth affairs officers (DSYAO) of Ambala and Yamunanagar showed the SYA transferred Rs 32.25 lakh to the different executing agencies for renovation of gymnasium hall and construction of mini stadium at Rupali village (Yamunanagar) during July 2008 to March 2014, the report said.During physical verification by the department, the Deputy Director found there was seepage at one or two places of the ceiling of the Gymnasium hall, it said.Despite expenditure of Rs 16.63 lakh (July 2012) and Rs 1.23 lakh (November 2013) on renovation of the hall at Ambala, defects could not be fixed, it said.The fact, thus, remains that even after incurring expenditure of Rs 17.86 lakh on repair of the gymnasium hall, it could not be put to use as of December 2015, report said.An amount of Rs 14.39 lakh was released to Executive Engineer, PRI, Yamunanagar in July 2008 for construction of Mini Stadium at village Rupali, without ensuring availability of land, the report said.The executing agency returned (December 2008) Rs 12.38 lakh to the Department after deducting Rs 2.01 lakh incurred on 10 per cent of the work, which proved wasteful as a stay order had been given by the High Court on the land the stadium was to be built on. As such, Mini stadium remained unconstructed till December 2015, the report said. PTI CHS TIR SK TIRadvertisementlast_img read more

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FHFA Appoints Two New Faces to Key Positions

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first_imgFHFA Appoints Two New Faces to Key Positions The “”Federal Housing Finance Agency””:http://www.fhfa.gov (FHFA) picked up two new appointees, duly announced by the independent federal agency Tuesday.[IMAGE]Richard Hornsby will assume his new role as COO with the FHFA, while Jon Greenlee takes on the position of deputy director of the division of enterprise regulation.””Having extensive large bank supervision and executive management experience, Messrs. Hornsby and Greenlee each bring outstanding backgrounds and skills to their new roles at FHFA,”” “”Edward DeMarco””:http://www.fhfa.gov/Default.aspx?Page=67, de facto director of the FHFA, said in a statement. “”Since the creation of FHFA and the establishment of the Conservatorships, FHFA has grown, as have the demands for strong oversight and experienced management,”” he [COLUMN_BREAK]added. “”These individuals bring expertise well matched to the tasks at hand.”” Hornsby arrives at his new role following 26 years with the Federal Reserve of San Francisco, where he occupied roles that included senior-level and supervisory positions. He previously acted as group VP and division head for the central bank’s control, corporate administration, and financial planning divisions.He previously served as supervising examiner with the division of banking supervision and regulation, a 10-year role that saw Hornsby oversee regulations for banks, bank holding companies, and nonbank entities. He received his bachelor’s and master’s degrees from Utah State University.Greenlee takes on his new role with the FHFA from a previous spot with KPMG LLP, where he served as managing director with the financial services regulatory advisory practice.He administered assistance to clients with areas of responsibility related to the Dodd-Frank Act and Basel II and III accords. His other experiences include roles with the Federal Reserve and Office of the Comptroller of the Currency. He earned his bachelor’s degree from Indiana State University. Hornby and Greenlee will each apprise themselves of their new roles in early December. in Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Edward DeMarco FHFA Lenders & Servicers Movers & Shakers Processing Service Providers 2011-11-29 Ryan Schuettecenter_img Share November 29, 2011 425 Views last_img read more

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