PSUs Current Affairs, GK & News

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. Highlights As part of the ‘Atmanirbhar Bharat Abhiyan’ package, the government announced that there would ..

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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 the date of his superannuation. Abhay Kumar has replaced Ratish Kumar who held additional charge ..

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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 the previous year. Highlights The survey said that Indian Oil Corporation, NTPC and ONGC were ..

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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 practice whereby a corporate invests some of its profits back into the social development projects ..

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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 Kakodkar, an eminent Scientist and Sidharth Pradhan, an expert on financial and tax issues. Purpose: ..

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