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Sitharaman has sought approval of Parliament of Rs 4,000 crore for meeting an additional expenditure towards Grants-in-Aid General to National Credit Guarantee Trustee Company Limited(Ramesh Pathania/Mint Photo)

Govt seeks Parliament nod for Rs 20,000 cr capital infusion in public sector banks

By Press Trust of India | Posted by Kanishka Sarkar | New Delhi
PUBLISHED ON SEP 14, 2020 04:29 PM IST
The government has also sought Rs 1,232 crore as subsidy to Small Industries Development Bank of India (SIDBI) on interest subvention of 2 per cent on prompt repayment of Shishu Loans extended under Pradhan Mantri Mudra Yojana (PMMY).
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Nirmala Sitharaman, Minister of Finance during the Hindustan Times Leadership Summit at Taj Palace in New Delhi.(Raj K Raj/HT PHOTO)
Nirmala Sitharaman, Minister of Finance during the Hindustan Times Leadership Summit at Taj Palace in New Delhi.(Raj K Raj/HT PHOTO)

Finance minister Nirmala Sitharaman directs PSUs to spend 50 per cent of Rs 1.24 crore capex by Sept 30

By HT Correspondent | Hindustan Times, New Delhi
PUBLISHED ON AUG 14, 2020 11:38 PM IST
The seven central public sector enterprises (CPSEs) belonging to ministries of shipping, road transport and highways; housing and urban affairs; defence; and communications have spent Rs 24,933 crore in the first four months of current financial year (FY), which is little less than 20% of the planned outlay, it said.
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GATE 2020(Getty Images/iStockphoto)
GATE 2020(Getty Images/iStockphoto)

GATE 2020: How to prepare for PSUs and IITs interview round

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 17, 2020 04:58 PM IST
The Indian Institute of Technology (IIT) Delhi, which was the organizing institute of GATE this year, released the results on March 13. Candidates, who wish to study MTech at IITs and aspire to work with Public Sector Undertakings (PSUs), will have to clear the next round of interview and group discussions.
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The government has signalled to at least two of its blue chip firms — Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) — to be ready to participate in the strategic disinvestment of Bharat Petroleum Corporation Ltd (BPCL).(Livemind image)
The government has signalled to at least two of its blue chip firms — Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) — to be ready to participate in the strategic disinvestment of Bharat Petroleum Corporation Ltd (BPCL).(Livemind image)

PSUs may be asked to take part in BPCL disinvestment

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JAN 07, 2020 05:44 AM IST
In the 2019-20 financial year, the government, which has been facing a slowdown in growth for six straight quarters, has so far mopped up just 17,364.26 crore through disinvestment.
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Union Finance Minister Nirmala Sitharaman reviewed the capital spending programmes with heads of central public sector enterprises(PTI Photo)
Union Finance Minister Nirmala Sitharaman reviewed the capital spending programmes with heads of central public sector enterprises(PTI Photo)

Government asks PSUs to clear overdue payments by October 15 to boost economic growth

By Press Trust of India | New Delhi
UPDATED ON SEP 28, 2019 03:43 PM IST
Finance minister Nirmala Sitharaman said state-owned companies have also been asked to set up a portal by October 15 where service providers, vendors and contractors can track bills and payments so that liquidity crunch is mitigated.
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The government Friday said six public sector undertakings, including THDCIL, TCIL and RailTel, will come out with IPOs, while KIOCIL will issue follow on public offer (FPO).(HT PHoto)
The government Friday said six public sector undertakings, including THDCIL, TCIL and RailTel, will come out with IPOs, while KIOCIL will issue follow on public offer (FPO).(HT PHoto)

Cabinet approves plan to list 7 state-owned firms on stock exchange

By Press Trust of India | New Delhi
PUBLISHED ON DEC 28, 2018 05:01 PM IST
The Cabinet Committee on Economic Affairs has given approval to list seven CPSE on the stock exchange through initial public offer (IPO)/FPO, law minister Ravi Shankar Prasad said while briefing the media.
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The monitoring authority for sexual harassment at workplace in the corporate sector is not also clearly defined in the Act, NCW noted.(PTI)
The monitoring authority for sexual harassment at workplace in the corporate sector is not also clearly defined in the Act, NCW noted.(PTI)

No proper mechanism for monitoring sexual harassment at workplace, religious places must come under compulsion too: NCW

By Anisha Dutta | Hindustan Times
UPDATED ON NOV 17, 2018 11:34 PM IST
NCW also stated there is a vital need to bring religious places under compulsion of the Internal Complaint Committees pointing to the case of rape filed by a nun in Kerala against Bishop Franco Mulakkal.
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New Delhi, India - July 4, 2017: More than 4000 LIG flats that went for sale in 2014 by DDA but were rejected have been put up for sale again this year in Rohini, Delhi, India, on Tuesday, July 4, 2017. (Photo by Arun Sharma/ Hindustan Times)(Arun Sharma/HT PHOTO)
New Delhi, India - July 4, 2017: More than 4000 LIG flats that went for sale in 2014 by DDA but were rejected have been put up for sale again this year in Rohini, Delhi, India, on Tuesday, July 4, 2017. (Photo by Arun Sharma/ Hindustan Times)(Arun Sharma/HT PHOTO)

DDA flat allottees wait for removal of five-year lock-in clause

By Risha Chitlangia | Hindustan Times, New Delhi
UPDATED ON SEP 20, 2018 09:15 AM IST
The rule prohibits allottees of 2014 scheme from selling their flats before 5 years. In 2017, DDA removed the condition.
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(From right) CM Capt Amarinder Singh and ministers Brahm Mohindra, Manpreet Singh Badal and OP Soni during the cabinet meeting in Chandigarh on Wednesday.(HT Photo)
(From right) CM Capt Amarinder Singh and ministers Brahm Mohindra, Manpreet Singh Badal and OP Soni during the cabinet meeting in Chandigarh on Wednesday.(HT Photo)

Punjab cabinet sets the ball rolling for disinvestment of 3 PSUs

By HT Correspondent | Hindustan Times, Chandigarh, Chandigarh
UPDATED ON JUN 28, 2018 01:41 PM IST
Decision based on recommendations of Punjab Governance Reforms and Ethics Commission
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The centre has asked PSUs to recognise degrees and diplomas acquired through open and distance learning from UGC-recognised universities for the purpose of employment.(Getty Images)
The centre has asked PSUs to recognise degrees and diplomas acquired through open and distance learning from UGC-recognised universities for the purpose of employment.(Getty Images)

Recognise open, distance degrees for recruitments: Government to PSUs

By Press Trust of India | Press Trust of India
UPDATED ON MAY 31, 2018 09:54 AM IST
The HRD Ministry wrote to the Department of Public Enterprises saying it has been receiving complaints about PSUs not recognising degrees /diplomas acquired in Open and Distance Learning (ODL) mode for the purpose of employment.
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Sources said coal allocation under the LoAs faces a threat as Coal India has been failing to meet its production target and would not supply the scarce fuel to PSUs on priority.(Reuters File Photo)
Sources said coal allocation under the LoAs faces a threat as Coal India has been failing to meet its production target and would not supply the scarce fuel to PSUs on priority.(Reuters File Photo)

Govt orders out of turn coal to PSUs, private plants to be hit

By Press Trust of India | Press Trust of India
PUBLISHED ON MAY 25, 2018 02:03 PM IST
Industry sources said a coal shortage looms in India as demand for electricity is expected to hit record peaks during summer months. Coal India Ltd has lagged in meeting surge in demand.
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Prime Minister Narendra Modi urged the public sector undertakings never to delay payments of MSMEs as it creates problems for them.(AP File Photo)
Prime Minister Narendra Modi urged the public sector undertakings never to delay payments of MSMEs as it creates problems for them.(AP File Photo)

Modi asks PSUs to come up with road map for New India in 100 days

By HT Correspondent | Indo Asian News Service, New Delhi
UPDATED ON APR 10, 2018 08:22 AM IST
Prime Minister during his address at the Central Public Sector Enterprises conclave in New Delhi stressed improving operational and financial performance, transparency and accountability in MSMEs.
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