Mineral Exploration Corporation not to sell mining data

As the first phase of non-coal mineral auction will begins in October or November, the government had done away with the policy of selling detailed exploration reports of state-owned Mineral Exploration Corporation (MECL). Mines Min

Disinvestment: An uphill task?

There is a change in the business environment and there is also change in the market conditions. The government has put in place certain process that will ease the way business is conducted and this should help in the disinvestment process, which

SCOPE calls for faster project examination

SCOPE director general UD Choubey stressed on a multipronged approach towards achieving project excellence in public sector enterprises. In view of the huge capital investment of Rs 2.47 lakh crore provided to the sector in the uni

No to freebies by new ministers

The offices of power minister Piyush Goyal, petroleum minister Dharmendra Pradhan and steel minister Narendra Singh Tomar have not sought freebies such as air tickets, guest houses, personal staff or vehicles for their families or staff members, a ra

PSUs seek more autonomy, less govt interference

When I was the CMD, I never appointed anyone just because the minister asked me to,” says the former head of a Mumbai-based PSU. Employment business in PSUs, she says, is usually at its peak during elections. But whenever the

PSU stocks surge to record highs

Shares of more than a dozen central government public sector units (PSUs) and companies promoted by the Gujarat government hit their 52-week highs on Tuesday. The BSE PSU index has soared 13.7% in the past week alone — the best performance a

Narsing Rao to quit Coal India, become KCR’s chief adviser

Coal India Ltd (CIL) chairman S Narsing Rao has decided to resign from the state-run minor to become the chief adviser to K Chandrasekhar Rao, who is set to become the first chief minister of Telengana. Rao is expected take over the new post on

CCI again finds Coal India violating competition norms

Competition Commission of India (CCI) has directed the state-run miner to "cease and desist" from indulging in unfair business practices, after again being found guilty of abusing its dominant position in fuel supplies. Th

To develop 6 lakh acres, waqf PSU set to launch IPO by year-end

The National Waqf development Corporation (NAWADCO), a three-month-old public sector firm set up by the UPA government to develop 6 lakh acres of Waqf land, is set to launch its IPO by the end of the year, according to a newspaper report.

BHEL signs pact for setting up renewable projects in Yemen

State-run BHEL has inked an initial agreement with the government of Yemen for setting up solar power projects in the Gulf nation. The MoU has been signed by B Prasada Rao, chairman and managing director, BHEL and Saleh Hassan Sumie

Air India to join Star Alliance in June

Air India (AI) is all set to join the world`s largest airline grouping company— Star Alliance, this June, according to newspaper reports. It will become the first airline company from India to be part of a global chain of carriers.

SCOPE for empowerment of women in public sectors

Emphasising the importance of women empowerment, U D Choubey, director general of SCOPE urged the public sector women employees to take concrete steps under their CSR programmes for developing skills and overall employment generation for women in

AAI hosts ‘mates and moments’ exhibition

Airport Authority of India recently organized an exhibition depicting the photographic journey of Ashok Lavasa, secretary, civil aviation and his wife Novel Lavasa exploring the nature. The exhibition was held from January 11-15, 2014 in India hab

EIL conferred with Golden Peacock award for CSR

Engineers India Ltd. (EIL) has been conferred with the Golden Peacock award for corporate social responsibility (CSR) for the year 2013 by Institute of Directors. The award was given by Nikhil Kumar, governor of Kerala at the 8th International con

CIL disinvestment faces roadblock

A strike at CIL will hit output by almost 2 million tonne, given that the company produced four-fifth of the country’s coal output, estimated at 557million tonne during 2012-13. The dominant trade unions have threatened to go on a s

AI mulling sizing down the number of unions

Hoping to streamline operations, Air India is considering cutting the number of recognized unions from 15 to two, one for pilots and another for the rest of the employees. The move is expected to ensure efficient decision making during negotiation

PSUs prepare to grapple with mandatory CSR

Originally, public sector units (PSUs) were driven by socialist goals, but post-liberalisation, they too are forced to compete in the market in what is called state capitalism. However, in line with the Congress party’s preference for the so

CSR spending must for firms even if the group makes net loss

The ministry of corporate affairs (MCA) proposes to mandate companies to spend two percent of their average net profit for the past three years on fulfilling their corporate social responsibilities (CSR) even if their group makes consolidated n

Senior PSU officers being trained to take on global competition

Top-level executives of PSEs, who hold or are likely to take charge as CEOs or directors, are undergoing training to meet the transformation challenges to steer their organisations in the globally competitive environment. Under a seven-day

Vigilance officers of PSUs not being scrutinised properly: CVC to DoPT

The annual confidential reports (ACR) of the chief vigilance officers (CVOs) in public sector undertakings/organisations are not being prepared according to norms laid down by the government, the central vigilance commission has brought to the not

6th PSU Awards

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CM Nitish’s convoy attacked in Buxar


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