PUBLIC SECTOR NEWS

air-india:-puri-to-meet-trade-unions-amid-sale-process

Air India: Puri to meet trade unions amid sale process

New Delhi: Amid government’s attempt to sell stake in Air India, trade unions of the aviation company are likely to demand a VRS package at their second meeting with Minister of State for Civil Aviation Hardeep Singh Puri. He is likely to meet over a dozen Air India unions including unrecognised ones.

This is for the second time in a month over airline's privatisation plans. The government is planning to float Expression of Interest (EoI) for selling its entire 100 per cent stake in the loss-making flag carrier some time next week.

The minister had made it clear that privatisation was the only option before the government at the first meeting on January 2, 2020 to keep the airline afloat and sought employees cooperation in carrying out the disinvestment process.

Puri had also told unions that he would call them again after the meeting of the ministerial panel on Air India disinvestment. The GoM led by Union Home Minister Amit Shah on January 7 approved the plan to invite EoI and the sale-purchase agreement for the disinvestment of the state-run carrier.

8 hours ago
selection-of-member,-finance:-a-curious-case

Selection of Member, Finance: A curious case

For many others it is a puzzle but for many others it is luck as well. The public-sector headhunter on Friday selected K Vinayak Rao (IRAS:1987) for the post of Member (Finance) Airport Authority of India (AAI). Interestingly, Rao was initially not shortlisted for interview. If some well-placed sources are to be believed PESB revised the list on Wednesday and Rao got in. Many things matter for selection but sometime luck matters the most. 

(CLICK TO READ RELATED STORY)

13 Jan 2020
air-india:-puri-to-meet-trade-unions-amid-sale-process

Air India: Puri to meet trade unions amid sale process

By IndianMandarins 8 hours ago

New Delhi: Amid government’s attempt to sell stake in Air India, trade unions of the aviation company are likely to demand a VRS package at their second meeting with Minister of State for Civil Aviation Hardeep Singh Puri. He is likely to meet over a dozen Air India unions including unrecognised ones.

This is for the second time in a month over airline's privatisation plans. The government is planning to float Expression of Interest (EoI) for selling its entire 100 per cent stake in the loss-making flag carrier some time next week.

The minister had made it clear that privatisation was the only option before the government at the first meeting on January 2, 2020 to keep the airline afloat and sought employees cooperation in carrying out the disinvestment process.

Puri had also told unions that he would call them again after the meeting of the ministerial panel on Air India disinvestment. The GoM led by Union Home Minister Amit Shah on January 7 approved the plan to invite EoI and the sale-purchase agreement for the disinvestment of the state-run carrier.

selection-of-member,-finance:-a-curious-case

Selection of Member, Finance: A curious case

By IndianMandarins 13 Jan 2020

For many others it is a puzzle but for many others it is luck as well. The public-sector headhunter on Friday selected K Vinayak Rao (IRAS:1987) for the post of Member (Finance) Airport Authority of India (AAI). Interestingly, Rao was initially not shortlisted for interview. If some well-placed sources are to be believed PESB revised the list on Wednesday and Rao got in. Many things matter for selection but sometime luck matters the most. 

(CLICK TO READ RELATED STORY)

aai:-rao-will-be-member-finance

AAI: Rao will be Member Finance

By IndianMandarins 10 Jan 2020

The public-sector headhunter (PESB) on Friday selected IRAS officer K Vinayak Rao (IRAS:1987) from among 11 candidates for the post of Member (Finance) at the Airports Authority of India (AAI); a post which fell vacant after S Suresh demitted office.  The 1987-batch IRAS officer Rao is currently member (Finance) at Delhi Development Authority (DDA).

Subject to requisite clearances and ACC approval Rao would be joining the airport agency at a time it is in the process of bidding out six more airports including Varanasi and Amritsar to private companies under public private partnership (PPP).

aai:-rao-will-be-director-finance-post

AAI: Rao will be Director Finance post

By IndianMandarins 10 Jan 2020

The public-sector headhunter (PESB) on Friday selected IRAS officer K Vinayak Rao (IRAS:1987) from among 11 candidates for the post of Member (Finance) at the Airports Authority of India (AAI); a post which fell vacant after S Suresh demitted office.  The 1987-batch IRAS officer Rao is currently member (Finance) at Delhi Development Authority (DDA).

Subject to requisite clearances and ACC approval Rao would be joining the airport agency at a time it is in the process of bidding out six more airports including Varanasi and Amritsar to private companies under public private partnership (PPP).

aai:-rao-will-be-director-finance-post

AAI: Rao will be Director Finance post

By IndianMandarins 10 Jan 2020

The public-sector headhunter (PESB) on Friday selected IRAS officer K Vinayak Rao (IRAS:1987) from among 11 candidates for the post of Member (Finance) at the Airports Authority of India (AAI); a post which fell vacant after S Suresh demitted office.  The 1987-batch IRAS officer Rao is currently member (Finance) at Delhi Development Authority (DDA).

Subject to requisite clearances and ACC approval Rao would be joining the airport agency at a time it is in the process of bidding out six more airports including Varanasi and Amritsar to private companies under public private partnership (PPP).

bhel,-mmtc,-nmdc,-mecon:-cabinet-approves-strategic-sale

BHEL, MMTC, NMDC, MECON: Cabinet approves strategic sale

By IndianMandarins 09 Jan 2020

Union Cabinet on Wednesday approved in-principle strategic disinvestment of equity shareholding in five small PSUs -- Neelachal Ispat Nigam Ltd, Minerals and Metals Trading Corporation Ltd, National Mineral Development Corp, MECON and Bharat Heavy Electricals Ltd.

It is believed that to meet the Rs 1 trillion target Union cabinet also cleared many proposals that included strategic disinvestment of small PSUs and ratification of MoUs on energy sufficiency between India and Britain. The cabinet has also cleared promulgation of Mineral Laws opening up coal mining for private sector players which may eventually lead to the end of the monopoly of Coal India (CIL) over coal mining. Reportedly, it will help improving the balance of payment as well. 

nbcc-bestowed-ibc-awards

NBCC bestowed IBC awards

By IndianMandarins 07 Jan 2020

Hardeep Singh Puri, Union Minister (I/C) for Housing and Urban Affairs, gave away IBC Awards for Excellence in Built Environment 2017-19 to NBCC (India) Ltd., a Navratna CPSE, on January 6, 2020. P K Gupta, CMD, NBCC received the award at a function held at Vigyan Bhawan, New Delhi. The Award was bestowed on NBCC for execution of the iconic project - Dr. Ambedkar International Centre, New Delhi.

stc:-what-does-govt-want-

STC: What does govt want?

By IndianMandarins 06 Jan 2020

Solution lies in the problem itself but it requires to be fixed. BSNL, Air India and several others are often in the lime-light but for State Trading Corporation (STC) appears to be daydreaming. There is no full time CMD for over three years and no full time director finance for over four years, a number of criminal and legal proceedings going on for recovering more than Rs 2,000 cr.
It is always easy to blame the government as several senior officials working in CPSEs say that government should close it down while some others say that moves to close STC would hamper recovery process and completion of criminal proceedings.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.