Alternative Mechanism Current Affairs, GK & News

Government constitutes Alternative Mechanism Panel for PSBs consolidation

The Union Government has constituted Alternative Mechanism Panel headed by Union Finance Minister Arun Jaitley to oversee merger proposals of public sector banks (PSBs). The other members of the panel include Railway and Coal Minister Piyush Goyal and Defence Minister Nirmala Sitharaman. Key Facts This alternative mechanism has been set up by the government to ..

Month: Current Affairs - October, 2017

Topics: Alternative Mechanism • Arun Jaitley Committee • Banking • Banking Reforms • Consolidation of PSBs • National • PSBs

Government clears 100% strategic sale of CEL

The Union Government (Department of Investment and Public Asset Management) has approved a 100% disinvestment through strategic sale along with transfer of management control of Central Electronics Ltd. (CEL). CEL was incorporated as CPSE in 1974 under the administrative control of Ministry of Science and Technology. It is wholly owned by the government and has ..

Month: Current Affairs - August, 2017

Topics: Alternative Mechanism • Business • Central Electronics Ltd • Economy • National • Strategic Disinvestment