GN Bureau | October 7, 2015
The Public Enterprises Selection Board (PESB) has invited applications for the post of chairman and managing director (CMD) at state-owned Power Finance Corp. Ltd (PFC). The company’s current head M.K. Goel will retire in September next year, people familiar with the matter said. “PESB invites application for the post of CMD, Power Finance Corporation Ltd,” the government headhunter said.
“Last date of receipt of applications... is 9 December 2015,” it added. Goel who was director (commercial) of PFC was given the additional charge as CMD on 13 September 2013. He was formally appointed as CMD on 22 January this year. The government had appointed Goel as CMD “for a period of five years or till his superannuation, whichever is earlier,” PFC had said in a release earlier. “He has been holding the additional charge of CMD, PFC w.e.f. 13 September 2013 in addition to his regular charge of director (commercial), PFC,” the company had said. Goel has been with PFC for more than 26 years.
PFC, an infrastructure finance company, is engaged in providing financial assistance to state power utilities for meeting the financial and development requirements of the power sector.
The dazzling diamond trade has been hit hard by the Nirav Modi episode, which saw the billionaire jeweller flee India just before a massive fraud amounting to Rs 11,000 crore was detected at a Punjab National Bank branch in Mumbai. But, Nirav Modi is not the only diamond tycoon who has been
PM Narendra Modi on Sunday laid the foundation stone for Rs 16,700 crore Navi Mumbai International Airport. The first phase of the construction is expected to be completed by December 2019. The project is going to be implemented 21 years after it was first proposed. The airport is likely to handle 10 milli
Health groups have expressed their disappointment with a February 12 order of the supreme court, refusing to review or recall an earlier order disposing off a case against the mala fide suspension of the vaccine public sector units (PSUs) and government’s tendency to pamper private sector with public
The Punjab National Bank`s fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 percent in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their sha
Budget 2018, forecast to be a “please all” budget, has come out as a “disappoint all” budget. The public is looking askance at a budget that gives with one hand but takes away with both, the Sensex has gone into a tailspin and the pink papers are issuing dire warnings.
Should public sector banks be privatised?