NEWS Uttar Pradesh Govt. Transfers 29 Senior Police Officers
NEWS Cheque books of six SBI subsidiaries to be invalid soon
NEWS ONGC likely to relinquish CBM block in West Bengal
NEWS Banks told to scan a/cs of shell cos’ promoters, directors
NEWS ITDC jumps 14% as govt decides to exit three hotels
NEWS Government stake in NTPC drops to below 63%
NEWS Sensex, Nifty reverse gains as rupee sinks by 26 paise
NEWS Rupee drops by 26 paise to 64.53 against US dollar
NEWS 12 out of 15 Meghalaya Govt PSUs incur nearly Rs 400 cr loss

Tag Archives: Central Public Sector Enterprises

Bharat Petroleum set to get Maharatna status

Bharat Petroleum Corporation (BPCL) is poised to become a Maharatna company. Presently it has a Navratna status. The decision to elevate BPCL to Maharatna status was taken by a panel headed by Cabinet secretary and an announcement to this effect may be made soon. BPCL will be the eighth Central…

PESB yet to resolve two anomalous situations in shortlisting norms

The public sector headhunter (PESB) is engaged in a mammoth exercise to fill hundreds of accumulated board-level vacancies as the entire selection process has been disrupted from June 2016 till February 2017. Currently, board-level posts in CPSEs are being advertised every day since the last week of February but PESB…

PM delegates power on PSU divestment

The Cabinet headed by Prime Minister Narendra Modi on Wednesday delegated powers to a select group of ministers to decide on modalities of stake sale in PSUs. Once the Cabinet approves disinvestment in a public sector undertaking, the group that includes the Finance Minister, Road Transport Minister Nitin Gadkari and…

NA’s general guidance on sale of CPSEs

NITI Aayog has made a set of general observations and recommendations in regard to the procedure of strategic sale of central public sector enterprises (CPSEs). In a report submitted to the government, it has observed that the market price discovery route is the most transparent method of disinvestment/sale. The report,…

HCL, Kolkata, to be closed down

The Union Cabinet approved the proposal for closing down Hindustan Cables Limited (HCL), Kolkata as per the provisions of the Companies Act, 1956/2013, Industrial Disputes Act, 1947 and other relevant Acts. Employees will be offered attractive VRS/ VSS Package at notional 2007 pay scales and other employees’ related liabilities including…

JV guidelines for DPSUs scrapped

The Union Cabinet on Wednesday approved the abolition of existing “Guidelines for establishing Joint Venture Companies by Defence Public Sector Undertakings (DPSUs).” These guidelines which were notified in February 2012 will not be required for separate JVs by the DPSUs and the guidelines issued by the Department of Public Enterprises…

PESB has stopped advertising board-level posts; opening avenues for Pvt Sector & State PSUs

File Photo

The Public Sector Headhunter PESB has not advertised any board level post after June 3, 2016. The board on an average advertises 12 posts every month. In March, it advertised six board level posts which included five posts of Directors posts and one of CMD. Further in April this year,…

Another CPSE ETF in offing

Two years after it launched a successful CPSE Exchange-Traded Fund (ETF), the Centre has now set its sights on the creation of yet another ETF. This time, too, the proposed ETF will primarily be based on listed central public sector enterprises (CPSE) shares. The Department of Investment and Public Asset…

Niti Aayog picks up 32 companies for selloff

Niti Aayog has picked up as many as 32 loss-making central public sector enterprises (CPSEs) for strategic disinvestment. Among others, these include Bharat Pumps & Compressors, Tyre Corporation of India, Central Inland Water Transport Corporation and Bengal Chemicals & Pharmaceuticals. Of the 32 companies, 10 may see strategic selloff right…

President presents SCOPE Excellence Awards

President Pranab Mukherjee presented the Standing Conference of Public Enterprises (SCOPE) Excellence Awards in New Delhi Monday on the occasion of the 7th Public Sector Day. Speaking on the occasion, the President said in a globally integrated economy, it is essential that our Central Public Sector Enterprises (CPSEs) collaborate and…

PSU award to ONGC, SJVNL, THDC, BEML, IREDA & NSPCL on Monday

Five Central Public Sector Enterprises will receive the SCOPE Excellence Award under institutional category from President of India Dr. Pranab Mukherjee on April 11 for 2013-2014. Oil sector giant ONGC will be conferred the award under the Maharatna/Navratna category whereas Sutluj Jal Vikas Nigam Ltd (SJVNL) and Tehri Hydroelectric Development…

Eight CPSEs directors to retire this month

As many as seven posts of directors and one post of CMD in Central Public Sector Enterprises (CPSEs) will fall vacant by January 31. The CPSEs to be affected are BEML, HAL, BCCL, UCIL, MCL, MRPL, TCIL & CIL. C N Durgesh, Director (Mining & Construction Business), Bharat Earth Movers…

SCOPE for better safety measures

The necessity to improve occupational safety and health in central public sector enterprises (CPSEs) was underlined at a national conference organized by SCOPE in association with Directorate General Factory Advice Service Labour Institute (DGFASLI) and International Labour Organization (ILO). The theme of the conference, held on Tuesday in New Delhi,…

Old wine in new bottle for CPSEs

The government is said to be working out a plan that may see some of the ailing (but not yet sick in terms of their capital assets) central public sector enterprises (CPSEs) go through infusion of public funds, while some others would be put on stake for privatization. At the…

Refuse CVO assignment and get punished

Failure to take up the appointment as Chief Vigilance Officers (CVOs), who act as arms of Central Vigilance Commissioner (CVC) to check corruption in government organisations, will debar an officer for five years from being considered for foreign assignments, according to an order issued by the Department of Personnel and…

Five CMDs (CPSEs) retiring this month

‘Indianmandarins’ reliably learns that as many as five Central Public Sector Enterprises are set to see their CMDs off on November 30. Meaning hereby the decks are clear for five new CMDs but only three new CMDs may take over on of before December 01, 2015. CMDs retiring this month…

CVC advisory to CPSE for handing over cheating cases to CBI

Central Vigilance Commission (CVC) has issued an advisory to over 200 CPSE that cases of fraud over Rs 25 lakh reported in any CPSE, wherein official of any CPSE is found prima facie involved in it, must be handed over to the CBI instead of handing them over to the…

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