CPSEs Current Affairs, GK & News

National Land Monetization Corporation

March 10, 2022

On 9th March 2022, the Union Cabinet chaired by PM Modi has approved the setting up National Land Monetization Corporation (NLMC). About NLMC NLMC was first proposed in the Union Budget 2021-22 by Finance Minister Nirmala Sitharaman. NLMC will now be set up as a wholly-owned Government of India company. NLMC will be under the ..

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Departments to Conduct Review of Govt Guarantees

April 23, 2019

The Ministry of Finance has asked all the departments to undertake a review of government guarantees given by respective ministries to their Central Public Sector Enterprises (CPSEs) or entities. Review of Government Guarantees The review will look into aspects like whether the discharge of repayment obligations or interest obligations as per terms of the loan ..

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Cabinet approves strengthening commercial disputes resolution mechanism of CPSEs

May 17, 2018

Union Cabinet has approved strengthening commercial disputes resolution mechanism of Central Public Sector Enterprises (CPSEs) inter se and also between CPSEs and other Government Departments and Organizations. The Cabinet decision is based on recommendations of Committee of Secretaries (CoS). Key Facts The new strengthened mechanism puts in place institutionalized mechanism within Government for speedy resolution ..

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Cabinet approves closure of Burn Standard Company Limited

April 5, 2018

The Union Cabinet has approved closure of Central Public Sector Enterprise (CPSE) Burn Standard Company Ltd (BSCL) under Ministry of Railways. This decision was taken in view of continuous poor physical and financial performance of company for more than decade despite financial assistance and other support from government and low probability of its revival in ..

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Bharat Petroleum set to get Maharatna status

September 9, 2017

State-run oil marketing company Bharat Petroleum Corporation (BPCL) is all set to become a Maharatna company. Presently it is having Navratna status. The decision to elevate BPCL to Maharatna status was taken by panel headed by Cabinet secretary and an announcement to this effect will be made soon. BPCL will be eight Central Public Sector ..

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Align pay in PSBs to that in CPSEs: BBB

April 11, 2017

The Bank Board Bureau (BBB) has recommended that Government should bring in reforms in the compensation process in public sector banks (PSBs) on the lines of Central Public Sector Enterprises (CPSEs). BBB has suggested compensation reforms in PSBs so that best practices can be introduced ‘on the lines already prevalent in CPSEs. It will play ..

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