News for 'public sector undertakings'

Budget 2021: Centre set to launch e-platform to sell non-core assets

Budget 2021: Centre set to launch e-platform to sell non-core assets

Rediff.com14 Jan 2021

It is estimating that this would help monetise assets worth Rs 10,000 crore.

No plan to bar mediclaim after 55

No plan to bar mediclaim after 55

Rediff.com8 Aug 2006

The government said on Tuesday public sector insurance companies do not intend to deny the facility of mediclaim to those above 55.

CBI summons Mamata's nephew's kin in coalmining case

CBI summons Mamata's nephew's kin in coalmining case

Rediff.com12 Mar 2021

The Central Bureau has summoned Trinamool Congress's member of Parliament Abhishek Banerjee's brother-in-law in connection with a case of alleged illegal coalmining from the mines of the Eastern Coalfields Limited (ECL) in West Bengal's Asansol, involving the "kingpin" of the racket, Anup Manjhi, officials said on Friday.

Centre tells employees to work from home, staggers hrs

Centre tells employees to work from home, staggers hrs

Rediff.com19 Mar 2020

The Central government on Thursday allowed 50 per cent of its employees to work from home and the remaining to attend office every day besides implementing different time slots for working hours in its effort to further check the spread of the coronavirus disease.

Indeed bets big on the gig economy

Indeed bets big on the gig economy

Rediff.com23 Sep 2019

Indeed has seen an increase in listings for drivers, food delivery runners, and other service providers.

Kudankulam atomic plant's Unit 5 construction begins

Kudankulam atomic plant's Unit 5 construction begins

Rediff.com29 Jun 2021

On June 1 2017, the credit protocol to the Intergovernmental Agreement of December 5 2008 and the GFA for Kudankulam NPP Units 5, 6 were signed.

Investors lose Rs 5 trn in these stocks

Investors lose Rs 5 trn in these stocks

Rediff.com28 Dec 2019

The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.

PM Cares not govt fund, 3rd party info can't be revealed, Centre tells HC

PM Cares not govt fund, 3rd party info can't be revealed, Centre tells HC

Rediff.com31 Jan 2023

The affidavit was filed in response to a petition seeking a direction to declare the PM CARES Fund a 'State' under the Constitution to ensure transparency in its functioning.

HDFC Bank shifts tack to focus on wholesale loans

HDFC Bank shifts tack to focus on wholesale loans

Rediff.com27 Apr 2022

Defying trends, the country's largest private sector lender, HDFC Bank, has shifted its asset mix significantly towards high-rated segments. As a result, its wholesale-to-retail mix has tilted heavily in favour of wholesale, even at the cost of margins. Further, it is even looking to ramp up its branch network, with an aim to service clients within a 1-2 km radius rather than the current 5-6 km radius.

Top posts vacant in 35 PSUs including Coal India, BSNL, NHPC

Top posts vacant in 35 PSUs including Coal India, BSNL, NHPC

Rediff.com7 Jul 2014

In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.

As banks tighten purse strings, NBFCs lure retail investors

As banks tighten purse strings, NBFCs lure retail investors

Rediff.com16 Aug 2019

The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.

Salary shakeup at PSUs must

Salary shakeup at PSUs must

Rediff.com7 Jul 2005

Public sector companies should increase efficiency and productivity to reduce the gap between salary structures of government undertakings and private firms, Sarthak Behuria, chairman and managing director of Indian Oil Corp and chairman of SCOPE sai

India Inc's investment growth hits 25-year low

India Inc's investment growth hits 25-year low

Rediff.com17 Jul 2017

Fresh investments by corporates up just 5.8% in FY17, lowest since 1992

Modi running his govt in atmosphere of 'fear': Sonia

Modi running his govt in atmosphere of 'fear': Sonia

Rediff.com2 Oct 2020

On Gandhi Jayanti, she also invoked the Father of the Nation, to assail the government which, she claimed, swears by his name but demolishes his ideals through its actions.

SC says 2014 ruling removing graft shield for babus to have retrospective effect

SC says 2014 ruling removing graft shield for babus to have retrospective effect

Rediff.com11 Sep 2023

A five-judge Constitution bench headed by Justice Sanjay Kishan Kaul, in a unanimous verdict, ruled that its 2014 verdict, which had struck down a provision of the Delhi Special Police Establishment (DSPE) Act, 1946 providing immunity to such officers in graft cases, will have retrospective effect.

Dividends by private firms rise faster than PSUs

Dividends by private firms rise faster than PSUs

Rediff.com21 Jan 2014

Private companies have been increasing their dividend payouts at a much higher pace than their public-sector counterparts, though some state-run companies are making huge payouts in absolute terms.

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.

Sebi mulls pension fund for employees

Sebi mulls pension fund for employees

Rediff.com27 Mar 2014

The proposal has been discussed by Sebi's Committee on Rationalisation of Financial Resources, which favours setting up such a fund.

EC comes up with RVM prototype for migrant voters

EC comes up with RVM prototype for migrant voters

Rediff.com29 Dec 2022

If implemented after stakeholder consultations, migrant voters do not need to travel to their home district to exercise their franchise.

Govt mulls amending EPF law

Govt mulls amending EPF law

Rediff.com10 Mar 2005

The government is contemplating amending the existing law to avoid litigation in recovery of EPF dues from defaulting public and private sector undertakings, Labour Minister K Chandrasekhar Rao informed the Rajya Sabha on Thursday.

Why FPIs are staying away from defence IPOs

Why FPIs are staying away from defence IPOs

Rediff.com28 Mar 2018

Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms

Draft policy unlocks govt data for all; monetisation likely

Draft policy unlocks govt data for all; monetisation likely

Rediff.com22 Feb 2022

The government on Monday published a draft data policy for public consultation, which says all data collected, generated, and stored by every government ministry and department will be open and shareable barring certain exceptions. Also, detailed datasets that have undergone value addition could be monetised by the government. The policy document, called "Draft India Data Accessibility & Use Policy 2022", prescribes that a regulatory authority called the Indian Data Council (IDC) and an agency by the name India Data Office (IDO) will oversee framing metadata standards and enforcement, respectively.

Government Cracks Down On FCI Racket

Government Cracks Down On FCI Racket

Rediff.com14 Feb 2023

'The corruption charges in FCI are not the first and won't be the last.'

As COVID decimates tax revenues, govt eyes higher RBI surplus this year

As COVID decimates tax revenues, govt eyes higher RBI surplus this year

Rediff.com8 Jul 2020

The thinking at the Centre is that since the RBI has ramped up purchases of government bonds, the interest earned on them will be transferred to the exchequer as dividend.

COVID-19: Sonia suggests measures to free up funds

COVID-19: Sonia suggests measures to free up funds

Rediff.com7 Apr 2020

Congress president Sonia Gandhi on Tuesday wrote to Prime Minister Narendra Modi suggesting five measures to conserve money for the fight against COVID-19, including a complete ban on media advertisements by government and PSUs for two years and suspending the Central Vista beautification project.

HMT Watches all set to offer VRS

HMT Watches all set to offer VRS

Rediff.com12 Mar 2015

HMT Watches has been making losses for the last 15 years.

PSU may get to decide on mergers

PSU may get to decide on mergers

Rediff.com2 Feb 2005

Govt to skill 40.2 crore people by 2022

Govt to skill 40.2 crore people by 2022

Rediff.com10 Jul 2015

The Prime Minister will formally launch the Rashtriya Kaushal Vikas Yojana and the National Skills Mission on July 15

PM Modi inaugurates Asia's largest solar power project in MP

PM Modi inaugurates Asia's largest solar power project in MP

Rediff.com10 Jul 2020

The mega solar power project is comprised of three solar generating units of 250 MW each located on a 500-hectare plot of land situated inside a solar park.

Govt working on panel for sick PSUs

Govt working on panel for sick PSUs

Rediff.com16 Jul 2004

How the govt plans to meet the fiscal deficit target

How the govt plans to meet the fiscal deficit target

Rediff.com7 Mar 2016

The finance ministry plans to work out its borrowing calendar.

Bonuses jump in FY17 as firms dole out surplus

Bonuses jump in FY17 as firms dole out surplus

Rediff.com2 Sep 2016

A bonus is given to existing stockholders in proportion to the number of shares they already hold.

PSB Bull Run: Time For Govt To Reap Riches

PSB Bull Run: Time For Govt To Reap Riches

Rediff.com19 Jul 2023

Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It's time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay.

Order inflows: Where did this Rs 2.67 trillion go?

Order inflows: Where did this Rs 2.67 trillion go?

Rediff.com1 Jan 2019

Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.

Sitharaman to meet heads of PSBs next week

Sitharaman to meet heads of PSBs next week

Rediff.com9 Nov 2021

Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) next week to review performance of the lenders and progress made by them to support the economy battered by the COVID-19 pandemic. Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy, sources said. According to sources, the two-day meeting would commence on November 17 and undertake a comprehensive review of various segments, progress in government schemes including Aatmanirbhar Bharat Abhiyan.

Govt places order for 11 mn doses of Serum vaccine Covishield

Govt places order for 11 mn doses of Serum vaccine Covishield

Rediff.com11 Jan 2021

Dispatch of the vaccine is likely to start by early Tuesday morning, sources said. According to the order placed, each dose of the vaccine has been priced at Rs 200 and with GST of Rs 10, it would cost Rs 210.

ONGC best-performing PSU

ONGC best-performing PSU

Rediff.com9 Jun 2004

ONGC has emerged as the top performer among the public sector enterprises, registering a net profit of Rs 10,529 crore in 2002-03, while the Fertiliser Corp earned the dubious distinction of topping the loss-making undertakings.

A few lessons for presenting a balanced Budget

A few lessons for presenting a balanced Budget

Rediff.com29 Jan 2015

Getting the balance between fiscal restraint and growth-contracting policy remains a problem.

'Cyber attacks meant to smear India's reputation'

'Cyber attacks meant to smear India's reputation'

Rediff.com9 Mar 2021

'The hackers' objectives were centred around smearing India's reputation, causing productivity loss, creating operational damage and seeking financial gains.'

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.