PUBLIC SECTOR UNITS

GeM using AI, blockchain tech to become more dynamic: Kumar

GeM CEO Talleen Kumar also said the number of startups registered with the portal has more than doubled to 7,900 in 2020 on account of step...

UK names Tesco and Pizza Hut for biggest breaches of minimum wage law

Supermarket chain Tesco, Britain's largest private-sector employer, underpaid 78,199 staff by a total 5.1 million pounds ($7.0 million), wh...

From pushing electric mobility to boosting textile sector, Niti Aayog charts 2021 reforms map

As the think tank continues to work with various stakeholders to boost the country's economy, its Vice Chairman and economist Rajiv Kumar s...

Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS Secy

Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Sec...

Government to merge all film media units under NFDC

The new entity will ensure balanced and focused development of Indian cinema across films, content for the OTT platforms, children’s conten...

Defence production bounces back, ministry numbers show sharp recovery

Data available with the defence ministry show that the value of production jumped to Rs 12,268 crore in the second quarter, compared to Rs ...

Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

Earlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak financ...

FM Nirmala Sitharaman asks CPSEs in power, mines and atomic energy to scale up capex

Appreciating the efforts of the ministries and CPSEs for making visible efforts to meet the capital expenditure targets, the finance minist...

Investors want public sector units to enforce board composition norms: IiAS

The report said that in many PSE some of the norms that are required to be followed as per the government guidelines haven’t been followed ...

Centre mandates all ministries, public departments, CPSUs to use BSNL, MTNL services

"The government of India has, inter-alia, approved the mandatory utilisation of capacities of BSNL and MTNL by all ministries/departments o...

Piyush Goyal invites startups to register on public procurement portal GeM

“I invite all startups to list their products and start offering goods and services to government organisations, PSUs, state government bod...

6 public sector banks excluded from Second Schedule of RBI Act

The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank.

Govt emphasis on raising turnover, efficiency of PSUs: Prakash Javadekar

Javadekar was speaking at the launch of a compendium titled 'Building Self-Reliance, Self-Resurgent and Resilient India'. The compendium is...

Total capacity of under construction thermal power projects at 59,810 MW

While the under construction projects under the central sector totalled 18,320 MW, those under the state sector stood at 17,760 MW, Power M...

Government privatising Public Sector Units, destroying jobs: Rahul Gandhi

"Today, the country is facing many Modi government-manufactured disasters, among which is unnecessary privatisation. The youth need jobs bu...

Departing from the past: Cabinet may soon consider big bang privatisation policy

The Department of Investment and Public Asset Management (Dipam) is expected to shortly finalise a draft that will designate various sector...

International travel restrictions put brakes on strategic stake sale plans: DIPAM Secretary

The government has already invited bids for strategic sale of national carrier Air India and oil major BPCL. However, their bid deadlines h...