Page-2 of PSUs Current Affairs, GK & News

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 Facts The new strengthened mechanism puts in place institutionalized mechanism within Government for speedy resolution ..

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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 Sector Units employing 500 or more workers. In 2016, 34 workers are from PSUs and ..

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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 for concessionaires working on highways projects who were facing shortage of sand at many sites. ..

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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 alternative mechanism to decide the modalities to do with stake sales in PSUs, so as ..

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CCEA approves listing of five general insurance PSUs at the stock exchanges

The Cabinet Committee on Economic Affairs (CCEA) has given its ‘in principle’ approval for listing the five Public Sector General Insurance Companies (2016-17) owned General Insurance Companies in the stock exchanges. They are New India Assurance Company Ltd, United India Insurance Company Ltd, Oriental Insurance Company Ltd, National Insurance Company Ltd and General Insurance Corporation ..

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Union Government gives in-principle approval for strategic sale in some PSUs

The Union Cabinet has given its in-principle approval for strategic sale of over a dozen public sector undertakings (PSUs). This decision was taken based on the recommendation of NITI (National Institution for Transforming India) Aayog’s proposal on disinvestment and strategic sale of sick PSUs. Key Facts The strategic disinvestment of such public sector units with ..

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