Page-3 of PSUs Current Affairs, GK & News

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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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 also its disinvestment proceeds in central public sector undertakings (PSUs). Key facts DIPAM will work ..

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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, Air India, GAIL and others involved in the mining and shipping and heavy industries sector. ..

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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 plants, and 8 solar and hydro power stations and 7 gas-based units. On the record ..

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