News for 'Governance and Public Sector Management Unit'

Over 130 schools in Delhi-NCR get bomb threat; IS angle suspected

Over 130 schools in Delhi-NCR get bomb threat; IS angle suspected

Rediff.com1 May 2024

The Delhi Police said it has conducted a thorough check of all schools that received the bomb threat but found nothing.

'BJP Has 6,000 Crores To Spend On Elections'

'BJP Has 6,000 Crores To Spend On Elections'

Rediff.com19 Apr 2024

'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'

Expansion, value unlocking key triggers for NTPC

Expansion, value unlocking key triggers for NTPC

Rediff.com19 Sep 2023

The power sector is always strongly correlated to economic activity and is receiving its share of investor attention as India's post-Covid-19 recovery continues. India's leading integrated power producer, the public sector undertaking (PSU) NTPC controls around 25 per cent of India's power capacity. It continues to increase installed capacity, in thermal as well as renewables (solar, wind, green hydrogen) and hydropower and pumped hydro, and also has backward integration into coal mining, and explored nuclear.

Why Did Naidu Meet Modi?

Why Did Naidu Meet Modi?

Rediff.com5 Jul 2024

According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.

Public vs private banks and the winner is. . .

Public vs private banks and the winner is. . .

Rediff.com21 Apr 2016

Private banks are assumed to be more efficient at intermediating between depositors and investors.

CPSE assets sale to bring about paradigm shift in infrastructure: FM

CPSE assets sale to bring about paradigm shift in infrastructure: FM

Rediff.com9 Mar 2021

Finance Minister Nirmala Sitharaman on Tuesday said monetisation of Central Public Sector Enterprises (CPSE) assets is based on the principle of value creation for the government and investors and would bring about a paradigm shift in infrastructure augmentation and maintenance. Chairing the National Workshop with the states/UTs on Asset Monetisation organised by Niti Aayog, the minister sought the collaboration of states for the holistic development of infrastructure. She said India can become a $5 trillion economy, while striking the right balance between fiscal imperatives and socio-economic welfare, through active collaboration between the public and private sector.

PowerMin nudges states, gencos to take up insolvent assets

PowerMin nudges states, gencos to take up insolvent assets

Rediff.com12 Nov 2023

To tackle increasing demand, the Union Ministry of Power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that are undergoing insolvency proceedings. The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply. Increasing demand is pushing states to scout for more power sources. "It is requested that state-owned gencos may be encouraged to participate in the corporate insolvency resolution process (CIRP) of stressed power assets, which are of strategic and commercial significance to the capacity addition plans of the states concerned.

Qatar Reprieve Highlights India Diplomacy

Qatar Reprieve Highlights India Diplomacy

Rediff.com26 Feb 2024

The incident remains a reminder of the inherent fragilities of all geopolitical relationships.

Can CEO Change Impact Stock Performance?

Can CEO Change Impact Stock Performance?

Rediff.com2 May 2023

'The impact of CEO transition is fairly even for stocks, with about half (53 per cent) of the events not producing any change in the relative performance of the stock.'

BJP firms up alliance with GK Vasan's party in Tamil Nadu

BJP firms up alliance with GK Vasan's party in Tamil Nadu

Rediff.com26 Feb 2024

The BJP state unit hailed Vasan and said his advice will be used in the coming days to guide the alliance.

Sitharaman's pre-election budget shuns populism, boosts infra spend

Sitharaman's pre-election budget shuns populism, boosts infra spend

Rediff.com1 Feb 2024

Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.

'I expect 8% growth next year'

'I expect 8% growth next year'

Rediff.com29 Dec 2023

'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'

Govt dissolves Ordnance Factory Board, transfers employees

Govt dissolves Ordnance Factory Board, transfers employees

Rediff.com28 Sep 2021

As part of the "Atmanirbhar Bharat" (self-reliant India) package, the central government had announced on May 16 last year that it would improve autonomy, accountability and efficiency in ordnance supplies by corporatisation of the OFB.

Govt halts merger of 3 PSU general insurers

Govt halts merger of 3 PSU general insurers

Rediff.com8 Jul 2020

The Rs 12,450 crore capital infusion will enable the three public sector general insurance companies to improve their financial and solvency position, meet the insurance needs of the economy, absorb changes and enhance the capacity to raise resources and improve risk management.

We asked for 2 Lok Sabha seats, but BJP refused: JJP chief

We asked for 2 Lok Sabha seats, but BJP refused: JJP chief

Rediff.com13 Mar 2024

Jannayak Janta Party chief Ajay Singh Chautala on Wednesday said his party worked with full honesty to fulfil the 'gathbandhan dharma' over the last four and half years of the alliance and his party was never power hungry.

Modi's smart strategy to select top guys at public banks

Modi's smart strategy to select top guys at public banks

Rediff.com5 Nov 2014

The BJP had not filed till May the expenses statement for the Karnataka Assembly elections held last year in July.

The bank fraud no one is checking

The bank fraud no one is checking

Rediff.com26 Mar 2018

The loss to policyholders due to massive mis-selling of insurance policies by trusted private sector and public sector banks will be well in excess of Rs 2 trillion, warns Harsh Roongta.

E-bidding: Govt to explore English auction system for divestment

E-bidding: Govt to explore English auction system for divestment

Rediff.com7 May 2018

The IPL uses this system for players' auction.

'SBI MF plans six new funds this year'

'SBI MF plans six new funds this year'

Rediff.com21 Sep 2007

It is speculated that 5-10 per cent of the PSU cash reserves of up to Rs 1,20,000 crore (Rs 1200 billion), will flow into the three PSU fund houses.

5 MUST-DO actions for the Modi government

5 MUST-DO actions for the Modi government

Rediff.com9 Apr 2020

The government has an opportunity right now to save Indians from deep recession, and in many cases, starvation, notes Kalyan Singhal.

Electoral Bonds: The Quid Pro Quo Factor

Electoral Bonds: The Quid Pro Quo Factor

Rediff.com3 Apr 2024

Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.

30 Years Later, Rao-Singh's Reforms Endure

30 Years Later, Rao-Singh's Reforms Endure

Rediff.com13 Jul 2021

But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.

FM prods PSBs to implement 'Aatmanirbhar' relief package

FM prods PSBs to implement 'Aatmanirbhar' relief package

Rediff.com22 May 2020

The finance minister has emphasised on the quick disbursal of additional loans to MSMEs, to simplify process, formats and documentation.

Ex-SBI chief's book is frank, but is it fearless?

Ex-SBI chief's book is frank, but is it fearless?

Rediff.com4 Dec 2021

Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.

Govt looks to sell shares of RIL held through SUUTI

Govt looks to sell shares of RIL held through SUUTI

Rediff.com6 Sep 2021

The government is looking to sell shares of Reliance Industries (RIL) held through Specified Undertaking of the Unit Trust of India (SUUTI) and is soon going to appoint an intermediary to manage it. The plan is to sell about 8 lakh shares of RIL that will help the government garner around Rs 180 crore. The Department of Investment and Public Asset Management (DIPAM) will appoint an intermediary that will act as a custodian of these shares. The intermediary, based on its market analysis, will offload these shares at the best price, said an official. A final approval on the proposal is expected soon.

Why we need to manage our Budget expectations

Why we need to manage our Budget expectations

Rediff.com27 Feb 2015

Most expect the Budget to be path-breaking.

Govt issues SOPs for seeking nod to probe officials

Govt issues SOPs for seeking nod to probe officials

Rediff.com7 Sep 2021

An amendment carried out in the over 30-year-old Prevention of Corruption (PC) Act, 1988 in July 2018 bars a police officer from conducting 'any enquiry or inquiry or investigation into any offence alleged to have been committed by a public servant' without 'the previous approval' of the authorities.

SBI takes Harvard lessons for staff appraisal

SBI takes Harvard lessons for staff appraisal

Rediff.com24 Aug 2015

Apart from 40 modules of Harvard, SBI has internally developed 500 e-modules for employees.

United Bank is not an alarming case: Chidambaram

United Bank is not an alarming case: Chidambaram

Rediff.com6 Mar 2014

The finance minister has said that United Bank has managed to reduce its non-performing assets.

Sitharaman on Adani fallout: Regulators will look into it

Sitharaman on Adani fallout: Regulators will look into it

Rediff.com4 Feb 2023

India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.

Can India Get Nirav Modi, Vijay Mallya From The UK?

Can India Get Nirav Modi, Vijay Mallya From The UK?

Rediff.com1 Jun 2023

It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.

BSNL, MTNL chiefs: Govt invites applications

BSNL, MTNL chiefs: Govt invites applications

Rediff.com26 Jul 2010

If candidates from the private sector are selected, this will be the first time that these telecom PSUs are headed by chiefs from the private sector.

Swiss move on taxes to help developing nations

Swiss move on taxes to help developing nations

Rediff.com24 Oct 2013

Marking the end of strict banking secrecy practices, Switzerland earlier this month agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.

'Economy will run on its own despite collapses, failures'

'Economy will run on its own despite collapses, failures'

Rediff.com5 Feb 2021

'The government has realised that the finances of the government are in a precarious state.' 'We are borrowing to fund the ever-burgeoning revenue deficit.' 'Then you are paying interest on the fresh borrowing.' 'For the first time, the government has realised that this cannot go on.'

B-school graduates now prefer PSU jobs over private ones: survey

B-school graduates now prefer PSU jobs over private ones: survey

Rediff.com16 Aug 2014

These firms offer job security and lucrative salries.

Air India sale likely in first half of FY21

Air India sale likely in first half of FY21

Rediff.com14 Feb 2020

The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.

These Scientists Shaped India

These Scientists Shaped India

Rediff.com15 Aug 2023

I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.

Nationwide strike hits banking services of PSBs on Day 1

Nationwide strike hits banking services of PSBs on Day 1

Rediff.com15 Mar 2021

Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.

'The government's priorities are all wrong'

'The government's priorities are all wrong'

Rediff.com14 Apr 2020

'The prime minister did not think that COVID-19 was a serious challenge as late as March 20.'