Suresh Prabhu

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Suresh Prabhakar Prabhu
The Union Minister for Commerce & Industry, Shri Suresh Prabhakar Prabhu holding a Press Conference on the 3rd meeting of Council for Trade Development and Promotion, in New Delhi on January 08, 2018.jpg
Indian Sherpa to the G20
Assumed office
24 June 2019
Prime Minister Narendra Modi
Minister of Civil Aviation
In office
12 March 2018 25 May 2019
Prime Minister Narendra Modi
Preceded by Ashok Gajapathi Raju
Succeeded by Hardeep Singh Puri
Minister of Commerce and Industry
In office
3 September 2017 25 May 2019
Prime Minister Narendra Modi
Preceded by Nirmala Sitaraman
Succeeded by Piyush Goyal
Minister of Railways
In office
9 November 2014 3 September 2017
Prime Minister Narendra Modi
Preceded by D. V. Sadananda Gowda
Succeeded by Piyush Goyal
Ministry of Heavy Industries and Public Enterprises
In office
26 August 2002 24 May 2004
Prime Minister Atal Bihari Vajpayee
Preceded by Manohar Joshi
Succeeded by Santosh Mohan Dev
Minister of Power
In office
30 September 2000 25 August 2002
Prime Minister Atal Bihari Vajpayee
Preceded by Rangarajan Kumaramangalam
Succeeded by Anant Geete
Minister of Fertilizers & Chemicals
In office
13 October 1999 29 September 2000
Prime Minister Atal Bihari Vajpayee
Preceded byOffice raised to Cabinet rank
Succeeded by Sunder Lal Patwa
Minister of Environment and Forests
In office
19 March 1998 13 October 1999
Prime Minister Atal Bihari Vajpayee
Preceded by Saifuddin Soz
Succeeded by T.R. Baalu
Member of Parliament, Rajya Sabha
Assumed office
22 June 2016
Preceded by Nirmala Sitharaman
Constituency Andhra Pradesh
In office
29 November 2014 21 June 2016
Preceded by Ranbir Singh Parjapati
Succeeded by Dr. Subhash Chandra
Constituency Haryana
Member of Parliament, Lok Sabha
In office
15 May 1996 18 May 2009
Preceded by Sudhir Sawant
Succeeded byConstituency abolished
Constituency Rajapur
Personal details
Born (1953-07-11) 11 July 1953 (age 66)
Bombay, Bombay State, India
Political party Bharatiya Janata Party (2014–present)
Other political
affiliations
Shiv Sena (before 2014)
Spouse(s)Uma Prabhu (m. 1984)
Children1 (Son)
Residence Mumbai, Maharashtra
Alma mater University of Mumbai
ICAI
ProfessionChartered accountant, social worker, educationist
Website www.sureshprabhu.in

Suresh Prabhakar Prabhu (born 11 July 1953) is an Indian politician and India's Sherpa to the G20. [1] He was formerly the Minister of Commerce & Industry and Civil Aviation in the First Modi ministry. [2]

A sherpa is the personal representative of a head of state or government who prepares an international summit, particularly the annual G7 and G20 summits. Between the G7 summits there are multiple sherpa conferences where possible agreements are laid out. This reduces the amount of time and resources required at the negotiations of the heads of state at the final summit. The name sherpa—without further context—refers to sherpas for the G7 summit, but the designation can be extended to different regular conferences where the participation of the head of state is required. The sherpa is generally quite influential, although they do not have the authority to make a final decision about any given agreement.

G20 International forum of 19 countries and the EU

The G20 is an international forum for the governments and central bank governors from 19 countries and the European Union (EU). Founded in 1999 with the aim to discuss policy pertaining to the promotion of international financial stability, the G20 has expanded its agenda since 2008 and heads of government or heads of state, as well as finance ministers and foreign ministers, have periodically conferred at summits ever since. It seeks to address issues that go beyond the responsibilities of any one organization.

The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade. The head of the Ministry is a Minister of Cabinet rank.

Contents

He is a Chartered Accountant by profession and a member of the Institute of Chartered Accountants of India (ICAI). Since 1996, Prabhu has been a repeatedly elected Member of Parliament from Rajapur Lok Sabha constituency in Maharashtra as a member of the Shiv Sena (SS) political party. He quit Shiv Sena and joined BJP on 9 November 2014. He currently represents Andhra Pradesh in the Rajya Sabha. [3]

Institute of Chartered Accountants of India

The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. It recommends the accounting standards to be followed by companies in India to National Advisory Committee on Accounting Standards (NACAS). and sets the accounting standards to be followed by other types of organisations. ICAI is solely responsible for setting the Standards on Auditing (SAs) to be followed in the audit of financial statements in India. It also issues other technical standards like Standards on Internal Audit (SIA), Corporate Affairs Standards (CAS) etc. to be followed by practicing Chartered Accountants. It works closely with the Government of India, Reserve Bank of India and the Securities and Exchange Board of India in formulating and enforcing such standards.

Maharashtra State in western India

Maharashtra is a state in the western peninsular region of India occupying a substantial portion of the Deccan plateau. It is the second-most populous state and third-largest state by area in India. Spread over 307,713 km2 (118,809 sq mi), it is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana and Chhattisgarh to the east, Gujarat and Madhya Pradesh to the north, and the Indian union territory of Dadra and Nagar Haveli to the north west. It is also the world's second-most populous subnational entity.

Shiv Sena Political party of India

Shiv Sena, is a Marathi regional and Hindu nationalist political organisation in India founded on 19 June 1966 by political cartoonist Bal Thackeray. The party originally emerged from a movement in Mumbai demanding preferential treatment for Maharashtrians over migrants to the city. It is currently headed by Thackeray's son, Uddhav Thackeray. Members of Shiv Sena are referred to as Shivsainiks.

Education and career

Suresh Prabhu Zantye completed his school from Sharadashram Vidya Mandir, Dadar, Mumbai, followed by a Bachelor in Commerce with Honours from M. L. Dahanukar College, Vile Parle, Mumbai. [4] He received a Bachelor in Law degree from the New Law College (Ruparel College campus), Mumbai. [5] Prabhu is a Chartered Accountant and a member of the Institute of Chartered Accountants of India. He was All India 11th (eleventh) rank holder in CA exam. [4] [6] [7]

M.L. Dahanukar College of Commerce is a well known commerce stream college located in sub-urban Mumbai. The college is affiliated to [University of Mumbai ] and was founded by Parle Tilak Vidyalaya Association in 1960. Currently the college has an NAAC Accreditation of A and over 5200 students. Current Principal of the college is Dr. Dnyaneshwar Doke

Prabhu has held several government and semi government positions, which includes Chairmanship of Maharashtra State Finance Commission, Saraswat Co-operative Bank, Member of the Maharashtra Tourism Development Board, among others. He is a part of 16 global organizations and 9 strategic dialogues which include:

He is also a part of the Board of Advisors of India’s International Movement to Unite Nations IIMUN. [8]

IIMUN organization

IIMUN is a youth organisation comprising 26000 young organisers who put together student conferences in 160 cities across 15 countries, and work with over 7500 schools impacting 10 million making it the worlds largest offline social network. The outfit simulates the workings of United Nations for school students to engage them in thoughtful debates and discussions about international relations, current affairs and world politics. Shah believes providing such platforms to the youth and encouraging them to rediscover India's glorious past, along with the current geopolitical realities of the world, will help train tomorrow's leaders.

Political career

He was, at various times during the Premiership of Atal Bihari Vajpayee from 1998 to 2004, Industry Minister, Minister of Environment and Forests, Minister of Fertilizers & Chemicals, Power, Heavy Industry and Public Enterprises. As the Union Minister for Power, he won praise for his performance. [3] As Minister of Power, Prabhu introduced major reforms in India's power sector. [9] He is credited with championing and enacting The Electricity Act, 2003 and the reforms that created securitization of dues from the states. He has been elected four times to the Lok Sabha, India's parliament, from Maharashtra since 1996. [3] However, he lost his seat in the 2009 general election.[ citation needed ]

Atal Bihari Vajpayee was three time Prime Minister of India, first from 16 May to 1 June 1996, and then from 19 March 1998 to 22 May 2004. A member of the Bharatiya Janata Party (BJP), Vajpayee served as the eleventh Prime Minister of India. He headed the BJP-led National Democratic Alliance in the Indian Parliament, and became the first Prime Minister unaffiliated with the Indian National Congress to complete a full five-year term in office. He died at the age of 93 on Thursday 16 August 2018 at 17:05 at AIIMS, New Delhi.

The Ministry of Chemicals and Fertilizers in India is the administrative unit of three departments namely:-

The Ministry of Power is an Indian government ministry. The current Union Minister of State is Raj Kumar Singh. The ministry is charged with overseeing electricity production and infrastructure development, including generation, transmission, and delivery, as well as maintenance projects. India faces challenges in electrical supply and delivery, and is often unable to meet demand, even in very large cities.

He was also Chairman of Task Force for Interlinking of Rivers with a status and rank of Union Cabinet Minister. [3] He was elected a member of the World Bank parliamentary network and chaired the South Asia Water regional group of the World Bank. [10] Asia week rated him as one of three future leaders of India. [11]

Indian Rivers Inter-link

The Indian Rivers Inter-link is a proposed large-scale civil engineering project that aims to effectively manage water resources in India by linking Indian rivers by a network of reservoirs and canals and so reduce persistent floods in some parts and water shortages in other parts of India.

<i>Asiaweek</i> Hong Kong news magazine

Asiaweek was an English-language news magazine focusing on Asia, published weekly by Asiaweek Limited, a subsidiary of Time Inc. Based in Hong Kong, it was established in 1975, and ceased publication with its 7 December 2001 issue due to a "downturn in the advertising market," according to Norman Pearlstine, editor in chief of Time Inc. The magazine had a circulation of 120,000 copies when it closed.

As a mark of protest against the cancellation of Narendra Modi's keynote address at the Wharton India Economic Forum 2013, he called off his own visit to the University. [3] The NDA government under the leadership of Narendra Modi appointed him first as the head of a high-level panel on power revamp — "Advisory Group for Integrated Development of Power, Coal and Renewable Energy" in July 2014. [12] In August 2014, he was appointed PM Modi's Sherpa.

On 9 November 2014, he was sworn-in as Cabinet minister in Narendra Modi government. He was the Union Railway Minister of India from November 2014 to September 2017. [13] [14] He offered his resignation from this position after a disastrous week in which 3 major accidents occurred, with over 300 total casualties. However, PM Modi refused to accept it, instead transferring him to Civil Aviation. He was the minister of Commerce and Industry since September 2017. He was elected as Rajya Sabha member from the state of Andhra Pradesh on 3 June 2016. [15] He took the charge as the Union Minister of Civil Aviation on the 10 March 2018 in the Narendra Modi government. [16]

Personal life

He is married to Uma Prabhu who is a journalist by profession; they have a son, Ameya Prabhu.

Suresh Prabhu currently resides in Delhi and is a native of Medha - Malvan (District - Sindhudurg) Maharashtra.

Awards and recognition

Suresh Prabhu received the Goud Saraswat Brahmin Samaj Maharatha Award on 18 August 2016. [17] [18]

He has constantly featured in the list of top five ministers in India from 2014 to 2017 in terms of both performance and accessibility in nation-wide surveys conducted by various institutions. [19] [20]

Published works

Social Work and interests

See also

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References

  1. "Suresh Prabhu appointed PM Modi's Sherpa for G20- Business News". www.businesstoday.in. Retrieved 27 June 2019.
  2. Portfolios of the Union Council of Ministers Prime Minister's Office, Government of India
  3. 1 2 3 4 5 Suresh Prabhu returns to the Cabinet Indian Express (9 November 2014)
  4. 1 2 Suresh Prabhu Biodata India, Accessed on 10 November 2014
  5. "Cabinet reshuffle: Modi government's got talent but is it being fully utilised?", The Economic Times , 10 July 2016
  6. http://zeenews.india.com/home/shri-suresh-p-prabhu_634229.html
  7. "Archived copy" (PDF). Archived from the original (PDF) on 29 November 2014. Retrieved 15 November 2014.CS1 maint: Archived copy as title (link)
  8. http://www.iimun.in/index.php/home/advisor_board
  9. Narendra Modi finds a reform partner in Suresh Prabhu LiveMint (9 November 2014)
  10. Annual Conference of the Parliamentary Network of World Bank Cape Town, The World Bank (2007)
  11. "Executive briefing - Suresh Prabhu". 30 August 2000. Archived from the original on 23 January 2013. Retrieved 2 March 2012.
  12. "Suresh Prabhu to head panel on power". 2 July 2014.
  13. Suresh Prabhu says PM wants condition of railways to change, Parrikar seeks time to get going The Times of India (10 November 2014)
  14. "Modi Cabinet reshuffle: Full list of new council of ministers", The Times of India , 3 September 2017
  15. PTI (3 June 2016). "Suresh Prabhu, Piyush Goyal, P. Chidambaram elected to Rajya Sabha". http://www.livemint.com/ . Retrieved 17 December 2017.External link in |work= (help)
  16. "Suresh Prabhu assumes charge as Civil Aviation Minister - Times of India". The Times of India. Retrieved 12 March 2018.
  17. "Rly. Minister Suresh Prabhu gets Maharatha Award", The Hindu , 19 August 2016
  18. "GSB Maharatna Award for Suresh Prabhu", The Times of India , 19 August 2016
  19. Bureau, ABP News. "Achche din? Report card of PM Modi's top 5 performing ministers" . Retrieved 19 December 2017.
  20. "Who are the Best performing ministers in the Narendra Modi government ? - Indian Youth". Indian Youth. 6 April 2016. Retrieved 19 December 2017.
  21. "Brands Academy Organized Mega Event "Indian of the Year" - New Delhi".
Lok Sabha
Preceded by
Sudhir Sawant
Member of Parliament
for Rajapur

1996–2009
Succeeded by
Constituency merged into
Ratnagiri–Sindhudurg constituency
Nilesh Narayan Rane
Political offices
Preceded by
P R Kumaramangalam
Minister of Power
30 September 2000 - 24 August 2002
Succeeded by
Anant Geete
Preceded by
Manohar Joshi
Minister of Heavy Industries and Public Enterprises
26 August 2002 – 24 May 2004
Succeeded by
Santosh Mohan Dev
Preceded by
D. V. Sadananda Gowda
Minister of Railways
9 November 2014 – 3 September 2017
Succeeded by
Piyush Goyal
Preceded by
Nirmala Sitharaman
As Minister of State (Independent Charge)
Minister of Commerce and Industry
3 September 2017 – 30 May 2019
Succeeded by
Piyush Goyal
Preceded by
Ashok Gajapathi Raju
Ministry of Civil Aviation
2018 – Present
Additional Charge
Incumbent