While the steps taken by the government suggests that it was serious about shutting down chronically loss-making PSUs, the plan is facing resistance from some of the administrative ministries.
GN Bureau | September 27, 2016
The government has decided to shut down 15 loss-making public sector units (PSUs), of which at least five have been cleared by the cabinet. By taking this step, it is opting to go against internal advice of reviving three of them. NITI Aayog has identified another half-a-dozen sick PSUs for closure but their fate remained uncertain amid hectic lobbying by ministries, which want to keep them running, according to a news report published in Times of India.
In its bid to create an oil major to match the performance of global and domestic oil and gas players, Oil and Natural Gas Corporation Ltd (ONGC) board has approved the acquisition of entire 51.11 percent shareholding of the government in Hindustan Petroleum Corporation Ltd (HPCL) with a total acqu
Goa chief minister Manohar Parrikar recently laid the foundation stone of the Rs 120 crore- MCMV (mine counters measure vessels) Command, Control & Design Office at Goa Shipyard Ltd, Vasco in Goa. The defence ministry has entrusted the GSL for series construction of sophisticated and hig
A high level Sri Lankan defence delegation headed by secretary of defence, Kapila Waidyaratane PC recently visited Goa Shipyard Ltd. The delegation held discussions with GSL CMD, Rear Admiral (retired) Shekhar Mital. The defence delegation was shown the ongoing shipbuilding activities includ
Are our authorities callous when it comes to ensuring safety of people?
Our constitution promises equality of status and opportunity to all citizens but statistical data suggests that inequalities in wealth and income have increased since independence and are now on an uncontrolled upward spiral. Recently, Thomas Piketty and Lucas Chancel in their aptly titled s
NTPC has sought the help of Madhya Pradesh government for the safety of Gadarwara power project site and the workers who have stopped the work on the site since December 22. It has appealed to the local people to support the project of national importance. Half of the electricity generated