IT WAS expected that finance minister Arun Jaitley might spell out some bail out package for struggling PSUs. And he did outline revival package for the ailing national carrier Air India. Jaitley announed that Air India will get Rs.2,500 crore for 2015-16. The amount was far less than a grant of Rs.4,277 crore sought by...
Wednesday, March 4, 2015
Tuesday, March 3, 2015
For the first time posts have been thrown open to employees in the private sector as well. The guidelines issued...
Monday, March 2, 2015
ONGC, the Maharatna PSU and the nation's most profitable company, will see its capital expenditure rise to Rs 36,249.37 crore as compared with Rs 34,813 crore...
Saturday, February 28, 2015
|FM Jaitley fine-tuning the Budget|
THE PSU banks, which are going through tough times, must follow the “4D model” — deregulation, differentiation, diversification and disinterring, the Economy Survey 2014-15 said.
Deregulation and differentiation because of the high level of inconsistency in operation...
PUBLIC sector lenders and employee unions have finalised at the 10th bipartite settlement for a 15- percent hike compared to a 17.5 percent increase agreed upon in the last negotiation in 2010, says amedia report.
A 15-percent salary hike is on expected lines with most banks providing for a 12-17 percent increase. The largest public sector...
Friday, February 27, 2015
Prabhu announces a separate railway PSU Transloc in Railway Budget; Pitches for JVs with railway PSUs
|Railway minister Suresh Prabhu|
PRESENTING his maiden Railway Budget on February 26, railway minister Suresh Prabhu announced the formation of a separate railway PSU called TRANSLOC apart from mulling a host of measures to bring the ailing railways back on track.
In his budget speech, Prabhu said: “We propose to set up a PSU - Transport Logistics Corporation of India (TRANSLOC), to develop common user facilities with handling and value-added services to provide end-to-end logistics solution...
Thursday, February 26, 2015
Wednesday, February 25, 2015
|Shashi Shankar (extreme right) during an award function|