Public Sector Undertaking Current Affairs, GK & News

PGCIL to set up central transmission utility

The power ministry has directed the state-owned Power Grid Corporation of India Limited (PGCIL) to set up a central transmission utility (CTU) with separate accounting and board structure. This CTU would be fully owned subsidiary of PGCIL responsible for carrying out statutory functions identified for CTU under the Electricity Act. PGCIL is in charge of ..

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Portal for grant of Permission for Aerial Survey launched by Defence Minister

For obtaining No Objection Certificate (NOC), with the final permission for undertaking Aerial photography/remote sensing survey from the Directorate General of Civil Aviation (DGCA), the Defence Minister of India, Rajnath Singh on Monday, 6th January 2020 has launched a web portal  www.modnoc.ncog.gov.in. The Minister at the launch emphasized on the need for developing an internal ..

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Edelweiss Asset Management Company launches First Corporate Bond ETF of India

The Edelweiss Asset Management Company has launched the First Corporate Bond Exchange Traded Fund(ETF) of India and it is also the largest New Fund Offer (NFO) ever opened for subscription in the country. Edelweiss Asset Management Company is a subsidiary of Edelweiss Capital Limited (ECL). India’s Corporate Bond ETF (Exchange Traded Fund) is called the ..

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National Biopharma Mission

The National Biopharma Mission was established in the year 2017 with an aim to accelerate the biopharmaceutical development in India. The program also named Innovate in India (i3) was host to an investment of USD 250 million with half of the amount coming as a loan from World Bank. The National Biopharma Mission aims to ..

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ONGC overtakes India Oil Corp as Most Profitable PSU

The Oil and Natural Gas Corporation (ONGC) overtook India Oil Corporation (IOC) by regaining crown of being India’s most profitable Public Sector Undertakings (PSU). Key Highlights In the previous two financial years (2016-17 and 2017-18) ONGC had lost the most profitable PSU tag to IOC. In fiscal year 2018-19, ONGC’s net profits increased by 34% ..

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