PSU Current Affairs, GK & News

Cabinet Approval: Capital Infusion in three public sector Units OICL, UIICL and NICL

February 13, 2020

On February 12, 2020, the Union Cabinet approved on capital infusion in three Public Sector Units namely United India Insurance Company (UIICL), Oriental Insurance Company Limited (OICL) and National Insurance Company Limited (NICL). Highlights During the meet the cabinet also approved an immediate release of Rs 2,500 crores in order to address their critical financial ..

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2020 observed as Year of Mobility by CISF

January 7, 2020

The CISF observes 2020 as the “Year of Mobility” for the welfare of the troops. It will focus on construction of residential units and implementation of welfare measures. Highlights In the year of 2020, the Central Industrial Security Force (CISF) will aim at creating infrastructure for their families. It will also aim at focusing on ..

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BPCL to construct new floating terminal for FLNG

August 27, 2019

India’s second-biggest public sector oil refining and hydrocarbon marketing company, the Bharat Petroleum Corporation Limited (BPCL), is investing heavily in the development of the gas business. BPCL anticipates that the energy consumption of India will undergo a major change as the focus of consumers shifts to the cleaner sources of fuel in the upcoming time. ..

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Job Redundancy

July 16, 2019

Where an employee loses their job due to any circumstances such as the closure of the business, downsizing of output or a staff is being downsized due to conflicting job roles, this creates a situation which is known as redundancy. This usually happens when employers need to reduce their workforce. When a person is dismissed ..

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ONGC overtakes India Oil Corp as Most Profitable PSU

June 3, 2019

The Oil and Natural Gas Corporation (ONGC) overtook India Oil Corporation (IOC) by regaining crown of being India’s most profitable Public Sector Undertakings (PSU). Key Highlights In the previous two financial years (2016-17 and 2017-18) ONGC had lost the most profitable PSU tag to IOC. In fiscal year 2018-19, ONGC’s net profits increased by 34% ..

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High level Committee Recommends to Reduce Import Dependency of Crude

May 22, 2019

The High-Level Committee constituted to examine the issues relating to the preparation of action plan to create synergy among R&D Centres of Oil & Gas PSUs; tax issues and ways to benefit from GST by the Oil & Gas PSUs has submitted its report to the Ministry of Petroleum & Natural Gas. Observations made on ..

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