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 ..

Month: Current Affairs - January, 2017

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 ..

Month: Current Affairs - October, 2016

Union Government renames Department of Disinvestment as DIPAM

Union Government has renamed Department of Disinvestment as Department of Investment and Public Asset Management (DIPAM). In this regard, the Union Finance Ministry has issued notification. The renaming decision aims at proper management of Central government’s investments in equity and ..

Month: Current Affairs - April, 2016

NDRF ties up with 30 PSUs to jointly tackle emergencies

National Disaster Response Force (NDRF) has partnered with about 30 Public Sector Undertakings (PSUs) to jointly tackle and mitigate man-made or natural disasters or emergencies. In this regard, a coordination meeting was held between NDRF and prominent PSUs like ONGC, ..

Month: Current Affairs - October, 2015

NTPC sets a record in single-day power generation

India’s largest power generator National Thermal Power Corporation (NTPC) Limited has achieved a record of highest single-day electricity generation of over 733 million units. The record generation of electricity on August 27, 2015 was achieved from NTPC’s 18 coal-based power ..

Month: Current Affairs - August, 2015

Union Cabinet gave nod to decentralise chartering arrangements to empower PSUs

Union Cabinet in order to empower state government and Public Sector Undertakings (PSUs) has approved to decentralise existing chartering arrangements for cargo shipping. In other words the leasing of cargo ships and its arrangements will be done directly by Centre ..

Month: Current Affairs - August, 2015

BEL bags Dun Bradstreet's India’s Top PSUs Awards 2015

The Defence PSU Bharat Electronics Ltd (BEL) became the front runner in the Dun & Bradstreet’s ‘India’s Top PSUs Awards 2015 in the category of electrical and electronic equipment sector. The award was received by Chairman and Managing Director of ..

Month: Current Affairs - July, 2015