Page-2 of PSUs Current Affairs, GK & News

HAL becomes first PSU to transact on TReDS Platform

August 22, 2018

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 Nasik-based MSME (micro category) vendor Narendra Udyog. This transaction was financed by Bank of Baroda. ..

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Cabinet approves strengthening commercial disputes resolution mechanism of CPSEs

May 17, 2018

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

January 26, 2018

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

December 13, 2017

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

January 23, 2017

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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