Psus

Monsoon Session: Centre likely to table Bill for amendments to GIBNA for insurance PSU privatisation

Nirmala Sitharaman in her Budget 2021-22 had announced a big-ticket privatisation agenda including privatisation of two public sector banks and one general insurance company

Narendra Modi pitches for privatisation, assures govt commitment to asset monetisation

The PM said around 100 under-utilised or un-utilised assets, such as airports, will be monetised to create Rs 2.5 lakh crore of investment opportunities

Narendra Modi defends push for privatisation, says govt has 'no business to be in business'

The prime minister made the remarks on Wednesday while speaking at a webinar on privatisation by the Department of Investment and Public Asset Management

Govt received Rs 36,709 cr from 100 PSUs in 2018-19; net worth of 77 companies totally eroded in losses: CAG

The report also said there were 157 Central Public Sector Enterprises (CPSEs) that incurred losses during 2018-19. The losses amounted to Rs 37,310 crore compared to Rs 41,180 crore in 2017-18

To boost manufacturing post-COVID-19 lockdown, Centre asks PSUs, govt departments to buy locally-made goods

A recent government note outlines a mechanism to ensure that the indigenous manufacturing sector's products are purchased locally.

Odisha industry body demands wage payment from ESIC funds; seeks working capital loan, interest waiver till normalcy returns

There has been lobbying for some time for using funds of the retirement body EPFO as well as ESIC for providing relief to workers to help them sustain themselves during the nationwide lockdown.

Coronavirus Outbreak: Steel ministry directs PSUs to feed migrant workers near their facilities

Union Steel Minister Dharmendra Pradhan has directed steel PSUs to adopt the ''<em>Annadaan</em> initiative'' for feeding migrant workers and weaker sections of the society in and around their areas of operation

Telecom infra firms ask BSNL to immediately clear Rs 1,500 cr dues; say non-payment results in mobile service outage

Despite the relief package the losses of BSNL swelled by over 2.5 times to Rs 39,089 crore during the April-December 2019 period.

Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption

One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra.

Govt directs PSUs to enforce work from home for half of their non-executive staff; order to remain effective till 4 April

To avoid crowding in heir respective offices, plants, units, etc, all heads of PSUs have been asked to draft a weekly roster keeping in view their work/production exigencies for the non-executive staff.