GN Bureau | December 18, 2015
India will soon have a single, simplified standard for quality across the country for all products, said union minister of consumer affairs, food and public distribution Ram Vilas Paswan, at Governance Now PSU awards ceremony held in December.
Paswan said that the move will give a push to the manufacturing sector and make the quality Indian products available in the international market.
“The ISI mark will be simplified and the Bureau of Indian Standards is working on it,” he said.
“The role of PSUs will only increase. Each time the government has had a problem, it has turned to PSUs for help,” he said. The minister said PSUs have to be strong to compete with the private sector.
Minister of state for Railways Manoj Sinha praised the PSUs for generating jobs at a fast rate. He, however, expressed concern at the quality of education in India. “Every year, India produces 30 lakh engineers but 15 lakh of them remain unemployed,” he said. Also, he said, India does not figure in international rankings of top engineering universities.
Sinha said as in future there will be “only talent-based competition and survival of the quality,” India needs to work on improving its education system.
However, he also hoped that in the next 10 years, the Modi government’s major flagship programmes will make the youths more employment worthy and create jobs.
Paswan and Sinha gave away the awards to the winners in 14 categories. They included strategic performance, asset utilization, employee productivity, consistent growth and adaptation, strategic investments, technology adoption, research and innovation, value growth and ITC, green, CSR and HR initiatives. Special awards were also given under best overall as well as financial performance.
Speaking on the rule of PSUs, Paswan claimed to have given the name Bharat Sanchar Nigam Limited to the public telecom company. Later during his tenure as telecommunication minister, Paswan said, with a slight push from the government the telecom had entered the mobile phone market and brought the call rates down from Rs 16 to Rs. 2.5.
The government’s motive cannot be fixed on profits; public sector plays an important role in making India a welfare state, Paswan said.
Paswan called the public sector to have a multi-dimensional perspective of its CSR activities. “An adivasi, on whose land mines are operating, does not care about a highway or a big university. He needs a primary school and a village path. CSR plays a big role in these kinds of areas,” he said.
Only a bank that fears losing its deposit base or incurring the wrath of its shareholders is likely to recognise losses in a timely manner. In many of our banks, such market discipline is simply not present at the moment, said RBI deputy governor Viral V Acharya.
Farmers would no longer have to fret when the surging river water inundates their fields as scientists are working on rice varieties that are hardy and would grow in fields which have been submerged by flash floods. Dr Nitendra Prakash of crop research station at Bahraich, Uttar Pradesh told
Mumbai recorded its highest ever turnout in the civic elections on Tuesday with 55.28% voters exercising their franchise. Voter turnout in R Central ward of Charkop-Borivali was 61.5% followed by 60
The government is getting ambitious. It wants to divest some PSU shareholding and raise a staggering Rs 72,500 crore during the 2017-18 fiscal. The mood is upbeat among finance ministry mandarins due to the heartening performance of the exchange traded fund (ETF), a basket of 10 bluechip central public ser
While presenting the budget, the finance minister made an announcement about making donations to political parties more transparent. If the proposals to amend the relevant laws are approved by parliament, from April 2017 donations to political parties can be made in cash only up to Rs 2,000; payments of hi
Is UP headed for a hung assembly?