Friday, July 31, 2015
Thursday, July 30, 2015
Thus while the ministry of tourism is independently working on plans for transfer of majority stake or management control in loss making ITDC hotels, the ministry...
Wednesday, July 29, 2015
Tuesday, July 28, 2015
IT seems Narendra Modi government is finally giving some serious thought about reviving the ailing PSUs. After announcing its decision to shut down five terminally ailing PSUs last year, now the NDA government is planning to set up a finance corporation to utilise around Rs 2-lakh-crore surplus cash of state-owned enterprises lying idle in banks.
The funds may be...
Monday, July 27, 2015
PRIME Minister Narendra Modi might have been propagating the gospel of good governance through a slew of measures but as far as the functioning of the PSUs go, the NDA government has not appointed independent directors to a good number of PSUs ever since it came into power in May 2014. As many 106 independent directors have resigned or completed their terms in 32 companies since May 2014 but their posts remain vacant.
The absence of independent...
Saturday, July 25, 2015
THE Narendra Modi-led NDA government is mulling to sell part of its stake in the Bharat Petroleum Corp Ltd (BPCL). The divestment of the Navratna PSU is at the inter-ministerial consultation stage, parliament was informed on July 24.
"The issue regarding disinvestment of BPCL is presently at the inter-ministerial consultation stage. Decision can be taken only after the consultation process is over," Minister of State for Finance Jayant Sinha told the Lok Sabha in a written reply to a query on whether...
Friday, July 24, 2015
Indian bank CEO M.K. Jain
PUBLIC sector bank Indian Bank will hold an online auction of pledged properties in a major way next month.
"Next month we plan to auction online the properties mortgaged relating to around 280 accounts," M.K. Jain, managing director and CEO, told reporters in Chennai on July 23.
Jain said the bank has been holding e-auctions on standalone basis and next month the auction would be on a consolidated one.
The bank has created a separate vertical to look into loan accounts above Rs.1 crore and monitor them closely.
Jain said the...
Thursday, July 23, 2015
BEML, the PSU firm well-known for manufacturing coaches for the Delhi, Bangalore and Jaipur metros has approached IIT-Kharagpur for help, the only IIT with a railway research centre.
With Narendra Modi's Make in India initiative underway, the move will further boost up the process of indigenization and will also ease dependence on imported parts.
BEML has approached the...