The government has extended the term of Bharti S Sihag as the chairman and managing director (CMD) of National Mineral Development Corporation (NMDC), India’s largest iron ore miner, for three months till September.
The cabinet committee on economic affairs (CCEA) has approved the disinvestment of 15 percent paid-up equity of National Buildings Construction Corporation Limited (NBCC). The government at present has 90 percent shareholding in the company.
The government has asked state-run Power Finance Corp (PFC) and Rural Electrification Corp (REC) to focus on funding renewable energy projects. The minister for power, coal, renewable energy and mines, Piyush Goyal, on Monday said
For the first time, the coal ministry expects to discover market-determined prices for coal after it allots 16 coal mines to state government-run companies for commercial mining. The allotments will be made by September and producti
Not even a single candidate turned up for the scheduled interview for the post of chairman and managing director of Electronics Corporation of India Limited (ECIL). The public enterprises selection board (PESB), which is tasked to advise the gover
NITI Aayog has recommended disinvestment of central public sector enterprises (CPSEs) such as Air India after they are revived. It has also recommended immediate winding up 26 state-run companies and leasing out several loss-making hotels.
The appointments committee of the cabinet (ACC) has delegated its power to approve additional charge arrangements of the board level posts in central public sector enterprises (CPSEs) to the minister-in-charge of the administrative ministry
The central public sector enterprises (CPSEs) can now hire talented and experienced people from state public sector enterprises (SPSEs) and private sector. The union cabinet on Wednesday gave ex post facto approval to the proposal, according
The cabinet committee on economic affairs (CCEA) on Wednesday approved the proposal of Department of Telecommunications (DoT) regarding continuation of reservation quota for ITI Limited in procurements made by BSNL, MTNL and Bharat Broadband Netwo
The government has entrusted Ajay Prakash Sawhney, additional secretary in the petroleum ministry, with the charge of chairman and managing director (CMD) of Oil India (OIL), the Financial Express reported. Sawhney would hold the top post at
India Tourism Development Corporation (ITDC), which recently bagged the “Fastest Growing Mini Ratna PSU” award for 2015, has posted a strong performance for the financial year 2015-16. Umang Narula, chairman and managin
A road map for the financial restructuring of central public sector enterprises (CPSEs) through various mechanisms, including mergers, would be drawn up soon. Also, the government is looking for options where weak CPSEs can be absorbed by profitab
In the session on ‘Managing network, data and physical security’ experts talked about various technologies and ways in which PSUs can take protection measures via technology. Gaurav Tripathi, head, project sales, Vantage Integrated Sec
In an interactive session on leveraging new age technologies, such as big data analytics, cloud and industrial internet of things, Alok Khanna, executive director-IS at IOCL said that often people take a stable and secured network for granted, but
Transforming PSUs through information and communication technology [ICT] was exhaustively discussed during the second session of the day-long Governance Now India PSU IT Forum held in Delhi. Talking about the best practices in Maha
The heads of India’s top PSUs on Wednesday deliberated upon the role of technology to turnaround their fortunes and demonstrated how they used their capabilities to make their working absolutely transparent and user-friendly.
Coal secretary Anil Swarup said through technology “we were able to clear projects worth Rs 6 lakh crore” as he laid stress on improving efficiency in PSUs. He said while public sector has amazing potential, it is the
Aging fields, frequent bandhs and blockades, and contractual issues among others are the reasons for low production of crude oil and natural gas from Oil India Limited (OIL) and Oil and Natural Gas Corporation (ONGC). The government on Monday info
The appointments committee of the cabinet (ACC) has rejected government headhunter public enterprises selection board’s (PSEB`s) recommendation for appointment of Gopal Singh as the chairman and managing director (CMD) of National Mineral De
A total of 1,375 BSE-listed companies and 191 NSE-listed companies have been fined for failing to appoint women directors on their respective boards. Out of these, two are public sector banks and 22 are central public sector enterprises. The infor
