State-run companies need to be kept at an arm`s length from their administrative ministries and should be given more freedom and flexibility, said NITI Aayog CEO Amitabh Kant. He said ‘Make in India’ will not succeed wi
The Centre has declined the candidature of BK Mishra as chairman and managing director (CMD) of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL). The appointments committee of the cabinet (ACC) on Friday
More than 500 posts, including those of full-time and part-time directors, are lying vacant in various central public sector enterprises (CPSEs). Several posts of chairman and managing directors (CMDs) of companies such as MTNL, Hi
With a vision to create an ideal institution for PSU employees and develop a public sector cadre of professionals, the Standing Conference of Public Enterprises (SCOPE) will establish an Academy of Public Sector Enterprises (APSE) from July.
The net worth of 64 central public sector enterprises (CPSEs) has been completely eroded by accumulated loss with their net worth turning out to be negative during 2014-15. This was noted in a financial audit report of the Comptroller and Auditor
President Pranab Mukherjee has advised central public sector enterprises (CPSEs) to collaborate and pool their resources to face and overcome competiti
A decade after privatisation of central public sector enterprises (CPSEs) was put on the back burner, the government has come out with a comprehensive policy to take up strategic sale more aggressively in the next fiscal.
Manoj Sinha, union minister of state for railways, said that as soon as the NDA government came into power, the focus shifted to decongesting and expanding the railway network. Speaking at the Railways Reform and Governance Conclave, organis
Echoing the words of prime minister Narendra Modi, union railway minister Suresh Prabhakar Prabhu has said that the best example of ‘big bang reforms’ in India is in the railway sector. In the coming decades, railways will be a driving
With electrification of 6,000 villages so far, the ministry of power has achieved one-third of its target. The prime minister had set the target of rural electrification of 18,452 villages by May 2018. The Deendayal Upadhyaya Gram J
In 1991 when the government first decided to divest its equity stake in public sector enterprises (PSUs), Yashwant Sinha, then finance minister, said that disinvestment would “broad-base the equity, improve management and enhance the a
Bharat Heavy Electricals Limited (BHEL) has commissioned various utility power projects leading to a capacity addition of 5,010 MW in the first three quarters of the financial year. This is the highest-ever capacity addition achieve
Government has asked country`s largest power producer NTPC to carry out a feasibility study for shifting its 360 MW naptha-based Kayamkulam power plant in Kerala to some other location. "The Kerala government recently requested
State-run Steel Authority of India (SAIL) has received an order for supplying steel for seven frigates to be constructed for the Indian Navy. This is the first time that the Navy’s new warships will be built using Indian steel. Earlier, wars
Indian Oil Corporation’s Paradip refinery is a test lab for two important experiments. First, a proprietary technology developed by the company to maximise output of liquefied petroleum gas (LPG) is being deployed on a commercial scale for t
Many public sector undertakings are likely to be asked to pay larger dividends to help meet the shortfall from other public sector enterprises and state-owned lenders. The government has estimated revenues from dividends from public sector enterpr
Bharat Heavy Electricals Ltd (BHEL) has commissioned a 520-mw coal-based thermal power unit in Andhra Pradesh. "The unit has been commissioned at the 2x520 mw Vizag Thermal Power Project of Hinduja National Power Company Limite
The government has exempted customs duty on goods imported for producing oil and gas from 69 oil fields of ONGC and Oil India. This aims at boosting domestic production of oil and gas. “Nil customs duty will apply to goods imp
Indian Railway has selected ‘Vitality’, the colour scheme inspired by ‘cheetah’, the fastest moving animal, created by the National Institute of Design for the coaches of the semi-high speed trains the state-run transporter
Air India will hire over 500 type-rated pilots on contract basis for the carrier’s narrow-body fleet, which is expected to grow to about 80 aircraft by March 2018. This will be one of the largest-ever pilot recruitment drives undertaken by a
