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.
Business houses loosened their purse strings while making donations to political parties, showed an analysis carried out by Association for Democratic Reforms (ADR). Various sectors of business houses, between FY 2012-13 and 2015-16, donated a total of Rs 956.77 crore, cons
The PPP model has been made mandatory in metro rail projects, but it has not been successful in at least three cities – Delhi, Mumbai and Hyderabad. The cabinet chaired by prime minister Narendra Modi approved a new Metro Rail Policy that m
In absence of proper regulatory and supervisory capabilities, some regulators in Asia-Pacific region believe the next financial crisis might be triggered by a cyber attack, said a new report on cyber security. According to Deloitte`s ‘cyber regulation in Asia Pacific’ report, cyber at
There is a need for speedier clearance of projects by states, RBI’s monetary policy committee said and added that there is an urgent need to reinvigorate private investment, remove infrastructure bottlenecks and provide a major thrust to the Pradhan Mantri Awas Yojana for housing needs of all.
It has been a year since you took charge of the new ministry. What is your biggest worry as in charge of education in India? My first priority – and that reflects my worry as well – is to improve the quality of government schools. It’s a tough job. Unfortunately,
Should National List of Essential Medicines be expanded?