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Latest Articles in public sector

Finmin Asks PSU General Insurers To Rationalise Branches, Cut Expenses

The advisory of the ministry follows Parliament''s approval to a bill to allow privatisation of state-owned general insurers in August in line with the Budget announcement.

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EESL Partners With MECON To Support Energy Efficiency In Steel, Mining Industry

EESL and MECON would explore options of implementation of energy saving opportunities and implement pilot studies on cross-cutting technologies specially in iron, steel and mining industries.

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India's Gas Output Rises 23 Pc As RIL-BP Fields Start Production

Oil refineries processed 35 per cent more crude at 19.88 million tonnes in April when compared to the year-ago period, when economic activity had almost come to a halt because of a stringent nationwide lockdown.

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Central Bank Of India EGM In May To Seek Shareholders' Nod For Allotting Preference Shares To Govt

The bank's CRAR (capital to risk weighted assets ratio) as on December 31, 2020 was 12.39 per cent with tier I/CET 1 at 10.32 per cent and tier II at 2.07 per cent.

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Punjab & Sind Bank Declares Loans Worth Rs 150 Cr To IL&FS Transportation As Fraud

It is informed that an NPA Account, viz IL&FS Transportation Network Limited (ITNL) with outstanding dues of Rs 149.98 crore has been declared as fraud and reported to the RBI as per regulatory requirement

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NPAs Expected To Increase In First Half Of 2021: FICCI-IBA Survey

The survey was conducted on 20 banks, including public sector, private sector and foreign banks, representing about 59 per cent of the banking industry, as classified by asset size.

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UK Retail Sales Slump In New Lockdown, Borrowing Less Than Expected

Retail sales volumes fell 8.2% compared with December, a far bigger fall than the 2.5% decrease forecast in a Reuters poll of economists and the second largest on record after the fall in April 2020, at the start of the pandemic.

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Rahul Gandhi Slams Centre's Development Model, Says 'It Will Reduce Number Of Psus'

Congress leader accused the Central Government of reducing the pension of soldiers in the Union Budget and ignoring the farmers and youth of the nation.

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LIC employees protest against Centre's disinvestment proposal

During the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the initial public offering of LIC will be brought in through requisite amendments in the session itself.

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Power Engineers To Protest On Feb 3 Against Privatisation Of Discoms

The AIPEF demanded 'withdrawal process of privatization of electricity from public the sector to private companies in states and union territories'.

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Health Minister Lauds CIL's Initiative In Treatment Of Thalassemia Patients

In a virtual programme, the minister lauded the endeavour of public sector undertaking in providing such facility to below poverty line patients suffering from hematological disorders.

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Time For India To Go Public!

The priority, going forward, has to focus on the woes of the hard working, white collared, tax-paying middle class already cash strapped by job losses and heavy pay cuts. They need to get back to work. Urgently. So that the economy can once again be kick-started. And a cycle of positivity can replace the current gloom

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RITES Not Worried Over COVID-19 Impact On FY20 Top-Line

RITES is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India having diversified services and geographical reach.

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NMDC Ltd Contributes Rs 150 Crore To Help In Fight Against COVID-19

The company with operations in remote parts of India has also implemented steps in villages and hamlets adjacent to its facilities and townships.

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Need For Integration And Smarter Governance To Build Smart, Sustainable Cities

The Union government has allocated a sum of rupee 6,450 crore for the smart cities mission for 2020-2021, the same from the last year’s budget.

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