PSUs
Government to come out with list of strategic sectors
The government is coming out with a new public sector enterprises policy that is going to define the strategic sectors which will not have more than four public sector undertakings. It has been announced by the Finance Minister Nirmala Sitharaman. ..
Month: Current Affairs - August, 2020
Abhay Kumar Singh appointed as Chairman & Managing Director of NHPC Limited
Abhay Kumar Singh has been recently appointed as the Chairman & Managing Director of the Indian PSU, NHPC Limited. He has assumed the charge of Chairman and Managing Director of the company on February 24, 2020 and will serve till ..
Public Enterprises Survey: Air India, MTNL, BSNL highest loss makings PSUs in FY19
On February 10, 2020, the Department of Public Enterprises operating under Ministry of Heavy Industries tabled the “Public Enterprises Survey” on the parliament. The report says that the net profit from the PSUs has increased by 15.5% as compared to ..
Month: Current Affairs - February, 2020
Corporate Social Responsibility
Corporate social responsibility (CSR) is a modern business practice. It aims to achieve a medium of self-regulation in which the company or the corporation is encouraged to be more socially accountable to the public. What is CSR? CSR is the ..
High-Level Committee submits recommendations on Crude Oil Imports
A High-Level Committee constituted by Centre has submitted its recommendations to Ministry of Petroleum and Natural Gas on bringing down India’s dependence on crude oil imports. Key Highlights Composition: The High-Level Committee constituted by the Centre consisted of Dr Anil ..
Month: Current Affairs - May, 2019
HAL becomes first PSU to transact on TReDS Platform
State-owned aerospace and defence manufacturer Hindustan Aeronautics (HAL) became the first public sector enterprise (PSU) to make transaction on RXIL TReDS platform. It executed its first digitised invoice discounting transaction on RXIL TReDS platform by accepting digital invoice uploaded by ..
Month: Current Affairs - August, 2018
Cabinet approves strengthening commercial disputes resolution mechanism of CPSEs
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 ..
Month: Current Affairs - May, 2018
Government announces PM's Shram Awards for 2016 to 50 workers
The Ministry of Labour & Employment has announced Prime Minister’s Shram Awards for the year 2016 to be awarded to 50 workers including 3 women employed in Departmental Undertakings & Public Sector Undertakings (PSUs) of Central/ State Governments and Private ..
DCI and NHAI ink MoU to facilitate supply of sand for highways construction work
Dredging Corporation of India (DCI) and National Highways Authority of India (NHAI) have signed a MoU for facilitating the supply of sand for highways construction work. The MoU aims to fill sand supply gap by facilitating the availability of sand ..
Month: Current Affairs - December, 2017
Government shifts disinvestment advising role to Department of Economic Affairs
The Union Government has transferred the advising role of Department of Investment and Public Asset Management (DIPAM) on utilisation of the proceeds from disinvestment to the Department of Economic Affairs (DEA). This announcement comes after the Union Cabinet approved an ..