Bank in Rashtrapati Bhawan

Bank in Rashtrapati Bhawan
United Bank of India's President's Estate Branch has a new building. President Pranab Mukherjee inaugurated the building in New Delhi on July 24, 2014.

Tuesday, July 29, 2014

NEEPCO pitches for private investment in NE power sector

STATE-run power utility North Eastern Electric Power Corporation (NEEPCO) favours foreign investment in the power sector of the northeastern region to translate the immense potential of the region. NEEPCO chairman-cum-managing director P.C. Pankaj says that since government resources are...

Monday, July 28, 2014

Maharatna PSU ONGC to recruit for 138 posts

INDIA'S leading oil explorer Oil and Natural Gas Corporation Ltd. (ONGC), a 'Maharatna' PSU invited applications for recruitment to 138 posts. Posts are vacant at A-1, A-2 and W-1 level in various disciplines at the ONGC's Hazira Plant, the largest gas processing plant in the country. The country's most...

Saturday, July 26, 2014

Government to sell stake in 4 PSUs

THE government on July 25 announced that it would be selling stake in four PSUs and publicly listing another as part of its disinvestment policy in order to shore up its finances, media reports said..
Finance minister Arun Jaitley said that...

Friday, July 25, 2014

Shortage of coal supply as 20 new Coal India projects await clearance

AT A time when the many parts of the country are facing severe outages due to shortages of coal supply to the power producing companies, a total of 20 coal projects costing Rs. 20 crore and above could not be started due to constraints of land acquisition and environmental clearance in Coal India Limited and its subsidiary companies. This was stated by Piyush Goyal, minister of state for power, coal and new and renewable energy (Independent charge) in a written reply to a question in the Lok Sabha on July 24.
"A total of 20 coal projects, costing Rs.20 crore and above, could not be started due to constraints of land acquisition and environmental clearance in Coal India Limited/its subsidiary companies," stated the power minister in Lok Sabha.
State-owned power producer NTPC had earlier pointed out...

Thursday, July 24, 2014

Four PSUs face shut down; Jaitley asks others to pull up socks

Finance Minister Jaitley
THERE will not be business as usual for the ailing public sector undertakings (PSUs) with the government categorically saying that in order to stay afloat in an environment of tough competition especially from the private players, the PSUs must pull up their socks. Finance minister Arun Jaitley, who has been seen as Prime Minister Narendra Modi's Mr Dependable in Parliament, has said that...

Wednesday, July 23, 2014

Centre according top priority for improving BSNL's functioning

ADMITTING that the condition of state-owned telecom PSU major BSNL "was not very healthy", the Union government has said that it is giving priority to improve its functioning. In a reply in the Lok Sabha, Communications and Information Technology Minister Ravi Shankar Prasad said the government was...

Tuesday, July 22, 2014

SBI to recruit 300 Special Management Executives

INDIA'S largest public sector lender SBI is to recruit 300 Special Management Executives. State Bank Of India (SBI), Central Recruitment and Promotion Department, Mumbai has published an employment notification for recruitment of the posts. State Bank of India invited online applications from Indian citizens for recruitment in the post of Special Management Executive (Banking). Eligible candidates can apply...

Monday, July 21, 2014

MTNL back on track with Rs 7825-cr profit; BSNL loss margin narrows

Telecom minister RS Prasad
THANKS to a refund of Rs 4,533.97 crore announced by the government in January for MTNL against surrender of broadband spectrum for which it was to pay same amount in 2010, the state-run telecom firm has shown profit of Rs 7,825 crore on books for 2013-14 on account of some write back provisions. On the other hand,another telecom PSU BSNL has been able to narrow down its mounting...