News for 'Public Undertakings Committee'

States gear up to tackle Covid spread in villages

States gear up to tackle Covid spread in villages

Rediff.com13 May 2021

As the COVID wave gradually shifts to rural areas, several states are gearing up to check its spread through self-proclaimed lockdowns by Panchayati Raj institutions, creating a database of migrants and providing free online medical consultation to the sick.

Cong president poll on Oct 17; filing of nomination to begin on Sep 24

Cong president poll on Oct 17; filing of nomination to begin on Sep 24

Rediff.com28 Aug 2022

The Congress on Sunday announced that elections for its president will be held on October 17 with the winner being declared two days later, asserting that it is the only party in the country which undertakes such a democratic exercise.

At Chintan Shivir, Cong moots '1 family, 1 ticket' formula

At Chintan Shivir, Cong moots '1 family, 1 ticket' formula

Rediff.com13 May 2022

Sending out a clear message to Congress ranks, Sonia said the party will have to change its style of functioning with changing times and urged them to keep the organisation above their personal ambitions.

Dual fuel pricing: State bus units to be badly hit

Dual fuel pricing: State bus units to be badly hit

Rediff.com8 Sep 2008

The Chaturvedi Committee and the public sector oil marketing companies have suggested that all industrial and commercial establishments including the state transport undertaking and the railways, which are the largest consumer of diesel in the country, should pay for the fuel at the market rate. The public sector oil marketing companies sell diesel and petrol at highly subsidised prices in order to shield customers from the rise in crude oil prices.

Parliament passes bill to ban strikes by essential defence services

Parliament passes bill to ban strikes by essential defence services

Rediff.com5 Aug 2021

Leader of Opposition Mallikarjun Kharge and some other members sought that the bill be referred to a standing committee for scrutiny.

Bach projects confidence in Tokyo Games as virus cases surge

Bach projects confidence in Tokyo Games as virus cases surge

Rediff.com16 Nov 2020

Bach's two-day visit to Tokyo is likely to bolster Japan's efforts to stage the Olympics, but will do little to assuage the concerns of a public deeply worried about the spread of the virus.

Why did ED freeze Amway's Rs 757 crore?

Why did ED freeze Amway's Rs 757 crore?

Rediff.com6 May 2022

Amway maintains the action was related to a case in 2011 and it has been cooperating with the investigative agency.

FB row: Tharoor, BJP MP seek privilege notices against each other

FB row: Tharoor, BJP MP seek privilege notices against each other

Rediff.com20 Aug 2020

In his letter to Lok Sabha Speaker Om Birla, Tharoor took strong objection to Dubey's remarks on Twitter that 'the Chairman of Standing Committee does not have the authority to do anything without discussion of the agenda with its members'.

Authorities take steps to decongest Vaishno Devi after stampede

Authorities take steps to decongest Vaishno Devi after stampede

Rediff.com3 Jan 2022

A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.

Cong will bring law to nullify CAA in Assam: Priyanka

Cong will bring law to nullify CAA in Assam: Priyanka

Rediff.com2 Mar 2021

Senior Congress leader Priyanka Gandhi on Tuesday asserted that her party, if voted to power in Assam, will bring a new law to 'nullify' the Citizenship Amendment Act (CAA) in the state.

Rahul ventures into sea with Kerala fisherfolk

Rahul ventures into sea with Kerala fisherfolk

Rediff.com24 Feb 2021

Seeking to reach out to the fishing community in poll-bound Kerala, Congress leader Rahul Gandhi on Wednesday interacted with the fishermen at Thangassery beach in the district.

OROP is govt policy decision, no constitutional infirmity in it: SC

OROP is govt policy decision, no constitutional infirmity in it: SC

Rediff.com16 Mar 2022

The Supreme Court on Wednesday said that One Rank-One Pension (OROP) in Armed forces is a policy decision and suffers from no constitutional infirmity.

Highlights of RBI's monetary policy announcements

Highlights of RBI's monetary policy announcements

Rediff.com29 Mar 2020

These are the highlights of the seventh bi-monthly monetary policy statement for 2019-20 by the RBI amid COVID-19 pandemic:

BSNL-MTNL merger a distant dream; synergy possible

BSNL-MTNL merger a distant dream; synergy possible

Rediff.com9 Apr 2012

An apex committee under DoT Secretary R Chandraskehar has been set up to oversee the required policy decisions and institutional framework for an alliance between the two public sector undertakings which have been incurring losses.

Corporatising OFBs: An idea whose time has come

Corporatising OFBs: An idea whose time has come

Rediff.com25 Aug 2020

'The much-awaited decision could be a welcome change at a time when the Indian armed forces are crying for self-reliance and the defence industry is looking forward to more indigenisation,' notes Nitin A Gokhale.

RBI tightens fit-and-proper criteria for directors on PSB boards

RBI tightens fit-and-proper criteria for directors on PSB boards

Rediff.com5 Aug 2019

Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards

Despite 'Make in India', PSUs, states opt for Made in China

Despite 'Make in India', PSUs, states opt for Made in China

Rediff.com27 Jul 2018

A report by parliamentary standing committee on commerce noted that Indian industry was getting decimated by China dumping its cheap products in India.

Demonetisation: It's a monumental disaster in the offing!

Demonetisation: It's a monumental disaster in the offing!

Rediff.com28 Dec 2016

James Wilson tracks down discrepancies in the much-hailed demonetisation policy and the subsequent statements of the government and the Reserve Bank of India.

Govt must give Air India billions occasionally: Panel

Govt must give Air India billions occasionally: Panel

Rediff.com4 Mar 2011

The government should occasionally grant thousands of crores of rupees to Air India for its functioning as withdrawal of flights from profitable routes and unresolved issues relating to its merger do not augur well for the carrier, a parliamentary committee has said.

Panel moots listing of 50 PSUs in 5 years

Panel moots listing of 50 PSUs in 5 years

Rediff.com16 Jan 2012

In a report to the Planning Commission, the panel headed by former SAIL chairman S K Roongta suggested at least 30 central PSUs be listed in the next three years, going up to 50 over five years.

After 12 years, RBI set to modify fit-and-proper norms for bank directors

After 12 years, RBI set to modify fit-and-proper norms for bank directors

Rediff.com30 Jul 2019

These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.

Why sports in India is struggling to make a mark

Why sports in India is struggling to make a mark

Rediff.com29 Dec 2015

A Parliamentary Standing Committee praised the government for the wrestling and boxing facilities at the Sports Authority of India's Sonepat Center but pointed out that "excellence needs to be replicated for other sports disciplines".

11 govt banks don't have a chairman!

11 govt banks don't have a chairman!

Rediff.com14 Sep 2021

The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.

Another sibling war ensues! Shivinder sues elder brother Malvinder

Another sibling war ensues! Shivinder sues elder brother Malvinder

Rediff.com5 Sep 2018

"My family reputation kept me a silent spectator, as I mutely watched the organisation I founded come to a point where it was publicly auctioned; where my family and myself have been stripped of our legacy, our finances and my personal credibility."

Wage revision clause in settlement proposal worries BPCL employees

Wage revision clause in settlement proposal worries BPCL employees

Rediff.com12 Jan 2021

With the privatisation of BPCL appearing inevitable, there are worries that the new promoter would soon move to lower wages.

Salary hike for 16 lakh PSU staff soon

Salary hike for 16 lakh PSU staff soon

Rediff.com7 May 2008

Over 16 lakh employees working in over 240 central public sector undertakings can soon hope for a salary windfall, with the second Pay Revision Committee for PSUs expected to submit its report by this month end.The report of the sixth pay panel, which recommended an average hike of about 28 per cent to the Central government employees, is under government consideration.

Govt agrees to Air India employees' main demands

Govt agrees to Air India employees' main demands

Rediff.com25 Aug 2021

The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.

HC summons J-K home secy over slow internet

HC summons J-K home secy over slow internet

Rediff.com14 Jul 2020

Passing an order on a 'Court on its Own Motion' on Monday, a division bench of Chief Justice Mittal and Justice Sanjay Dhar expressed concern over urgent issues involving the rights of the residents of the union territories of Jammu and Kashmir, and Ladakh.

Rahul says would consider leaders' request to become party chief in 2022

Rahul says would consider leaders' request to become party chief in 2022

Rediff.com16 Oct 2021

Rahul Gandhi, in turn, thanked all the leaders for reposing faith in him and said he would apply his mind on their request of becoming the Congress president, the sources said.

144 minors were detained in J-K post Art 370 move: Report

144 minors were detained in J-K post Art 370 move: Report

Rediff.com2 Oct 2019

When the matter came up for hearing before the top court on Tuesday, the bench said that it has received a report from the Juvenile Justice Committee of the high court, in which the averments regarding alleged detention of minors have been denied.

PM inaugurates Purvanchal Expressway, lands on it in IAF plane

PM inaugurates Purvanchal Expressway, lands on it in IAF plane

Rediff.com16 Nov 2021

Prime Minister Narendra Modi on Tuesday accused the previous governments in Uttar Pradesh of letting poverty and the mafia take over the state's eastern part, saying that the Bharatiya Janata Party government is now writing a new chapter of development there.

Dividend distribution policy must for top 1,000 listed cos

Dividend distribution policy must for top 1,000 listed cos

Rediff.com11 May 2021

To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy. The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5. In addition, the regulator has asked listed firms to make available audio and video recordings of analyst and investor meets on their websites as well as stock exchanges within 24 hours or before the next trading day and also notified rules regarding Business Responsibility and Sustainability Report (BSSR).

PMO sets up 10 panels to deal with post lockdown situation

PMO sets up 10 panels to deal with post lockdown situation

Rediff.com29 Mar 2020

The panel is expected to suggest various relief measures to put economy back on track as soon as possible, the sources said.

What Every Indian Must Know About PM-CARES

What Every Indian Must Know About PM-CARES

Rediff.com5 Oct 2021

Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.

Lokpal appointment only after rules are amended: Govt

Lokpal appointment only after rules are amended: Govt

Rediff.com17 Jul 2014

The government will go ahead with the appointment of chairperson and members in Lokpal once search committee rules are amended, Union Minister Jitendra Singh said on Thursday.

PSU pay panel for 50-60% revision

PSU pay panel for 50-60% revision

Rediff.com27 Mar 2008

Over 1.6 million employees working in the estimated 240 central public sector undertakings (PSUs) are likely to receive a 50 to 60 per cent salary increase, possibly with retrospective effect from January 2006. The second PSU pay revision committee, headed by former Supreme Court Justice M Jagannadha Rao, is in advanced stages of finalising its award due April-end and plans to submit its report to the government soon after.

1% GST in cash: FinMin clarifies on why it was necessary

1% GST in cash: FinMin clarifies on why it was necessary

Rediff.com28 Dec 2020

This provision is a very smart rule against fraudster and would not affect any genuine business entities or Ease of Doing Business in any manner, said a source.

Why companies are chary of independent directors

Why companies are chary of independent directors

Rediff.com18 Jan 2019

As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.

Barriers in exit routes for firms hurt the economy

Barriers in exit routes for firms hurt the economy

Rediff.com27 Feb 2016

India had a transition from 'socialism with a limited entry to marketism without exit'.

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Rediff.com17 Sep 2019

The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.