PSU NEWS

pangariha-holds-bureaucracy-responsible-for-slow-reform

Pangariha holds bureaucracy responsible for slow reform

In his latest book, former vice chairman of government think tank NITI Aayog Arvind Panagariya delves about Indian bureaucracy that often sufferfrom a socialist overhang leading it to slow down even in the cases of such reforms that the top leadership seeks to implement.

Panagariya writes in his book that the government attempts to privatize a large number of PSUs remained stalled despite the PM’s push to get cabinet approval for the list of companies drawn up by the NITI Aayog.
However, once the matter went to the DIPAM, it remained stuck there,” Panagariya says in his book — ‘India Unlimited, Reclaiming the Lost Glory’, adding that labour law reforms offered another example of how the bureaucracy blocked efforts of the political executive. 
He feels bureaucracy’s adherence to socialism remains deeply rooted in the education its members receive in Indian universities, where faculty members are often wedded to anti-business and anti-market ideology.The book offers many such examples where anyone finds it difficult to break steel framework of bureaucracy. In another example related to civil services reform. PM took s initiative for lateral entry at the top levels of the bureaucracy but going by available information, a conclusion could be reached upon that bureaucracy slowed down the process to such an extant that it was only at the very end of his term that nine officers could be inducted from outside, sense Panagariya, who is a professor of economics at Columbia University.


26 Mar 2020
ntpc:-ramesh-babu-appointed-as-director,-operations

NTPC: Ramesh Babu appointed as Director, Operations

The NaMo administration on Tuesday cleared the appointment of Ramesh Babu V (ED, NTPC) to the post of Director (Operations), National Thermal Power Corporation (NTPC) Limited  till the date of his superannuation i.e. 31.01.2024.

He may take over from Prakash Tiwari retiring on 30.04.2020.

17 Mar 2020
pangariha-holds-bureaucracy-responsible-for-slow-reform

Pangariha holds bureaucracy responsible for slow reform

By IndianMandarins 26 Mar 2020

In his latest book, former vice chairman of government think tank NITI Aayog Arvind Panagariya delves about Indian bureaucracy that often sufferfrom a socialist overhang leading it to slow down even in the cases of such reforms that the top leadership seeks to implement.

Panagariya writes in his book that the government attempts to privatize a large number of PSUs remained stalled despite the PM’s push to get cabinet approval for the list of companies drawn up by the NITI Aayog.
However, once the matter went to the DIPAM, it remained stuck there,” Panagariya says in his book — ‘India Unlimited, Reclaiming the Lost Glory’, adding that labour law reforms offered another example of how the bureaucracy blocked efforts of the political executive. 
He feels bureaucracy’s adherence to socialism remains deeply rooted in the education its members receive in Indian universities, where faculty members are often wedded to anti-business and anti-market ideology.The book offers many such examples where anyone finds it difficult to break steel framework of bureaucracy. In another example related to civil services reform. PM took s initiative for lateral entry at the top levels of the bureaucracy but going by available information, a conclusion could be reached upon that bureaucracy slowed down the process to such an extant that it was only at the very end of his term that nine officers could be inducted from outside, sense Panagariya, who is a professor of economics at Columbia University.


ntpc:-ramesh-babu-appointed-as-director,-operations

NTPC: Ramesh Babu appointed as Director, Operations

By IndianMandarins 17 Mar 2020

The NaMo administration on Tuesday cleared the appointment of Ramesh Babu V (ED, NTPC) to the post of Director (Operations), National Thermal Power Corporation (NTPC) Limited  till the date of his superannuation i.e. 31.01.2024.

He may take over from Prakash Tiwari retiring on 30.04.2020.

bdl:-appointment-of-director,-finance,-cleared

BDL: Appointment of Director, Finance, cleared

By IndianMandarins 16 Mar 2020

The NaMo administration on Monday cleared the appointment of Srinivasulu Nuka (GM, BDL) to the post of Director (Finance), Bharat Dynamics Limited BDL till 31.01.2024 i.e. the date of his superannuation. He may take over the charge on 01.07.2020.

r-s-dhillon-appointed-as-next-cmd,-pfc

R S Dhillon appointed as next CMD, PFC

By IndianMandarins 16 Mar 2020

The NaMo administration on Monday cleared the appointment of  Ravinder Singh Dhillon to the post of Chairman and Managing Director, Power Finance Corporation (PFC) till the date of his superannuation i.e. 31.05.2023.

The public sector head-hunter had  selected Dhillon (Director- Projects, PFC) him for the top job on 10 December 2019. He will replace Rajeev Sharma, the outgoing CMD, retiring on May 31, 2020.

neepco:-deka-selected-for-director-post

NEEPCO: Deka selected for Director post

By IndianMandarins 04 Mar 2020

The public-sector head-hunter (PESB) on Wednesday selected Hemant Kumar Deka (ED, NEEPCO) for the post of Director (Technical), North Eastern Electric Power Corporation.

hsl:-khatri-selected-for-cmd-post

HSL: Khatri selected for CMD post

By IndianMandarins 27 Feb 2020

The public-sector head-hunter (PESB) on Thursday selected Hemant Khatri (Director, Strategic Project, Hindustan Shipyard Limited), for the post of Chairman & Managing Director, Hindustan Shipyard Limited. Subject to requisite clearances and ACC approval Khatri may replace Radm L V S Babu; the outgoing CMD retiring August this year.

gail-aims-at-doubling-revenue-in-five-years

GAIL aims at doubling revenue in five years

By IndianMandarins 25 Feb 2020

In its attempt to augment revenue to double and make profit up by 50 per cent in the next five years, public sector oil and gas company GAIL has laid out certain plans. It is added by capex of Rs 1 lakh crore in new pipelines, city gas and petrochemicals projects.As per the information provided, GAIL recorded a profit of Rs 6,000 cr on a revenue of Rs 75,000 cr in the last financial year. The oil firm expects contributions from transmission and gas marketing to rise in its overall revenue over next five years.
The public sector major has plans of spending about Rs 40-45,000 cr in laying 7,000 km of new gas pipelines. It also has plans to spend Rs 10,000 crore in expanding petrochemicals capacity and Rs 40,000 crore in building new city gas infrastructure.
Transmission gas marketing and petrochemicals contribute almost equally to the company’s revenue at the moment. The priority of the company would be to raise employee satisfaction besides growing business so that there is more loyalty and motivation for them.

pfc-bags-governance-now-psu-award

PFC bags Governance Now PSU Award

By IndianMandarins 21 Feb 2020

The Power Finance Corporation Ltd. (PFC) has been conferred the prestigious “Governance Now PSU Award” in the category of “Resilient Growth”. P K Singh, Director (Commercial) and R S Dhillon, Director (Projects) of PFC received this coveted Award from Arjun Ram Meghwal, Union Minister of State for Heavy Industry and Public Enterprise (HI&PE). Shailesh Lodha, Indian Actor, Comedian & Writer and Kailashnath Adhikari of ‘Governance Now’ were also present during the ocasion. 

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