CoalMin panel agrees to allot 3 coal blocks to mining PSUs

Last Updated: Wednesday, October 30, 2013, 15:39

A Coal Ministry panel has agreed to allocate three coal blocks to mining PSUs including Jharkhand State Mineral Development Corp and MP State Mining Corporation Ltd.

India may squeeze PSUs for cash as asset sales falter

Last Updated: Tuesday, October 15, 2013, 15:31

India`s plan to raise about USD 9 billion from state-asset sales this year is in tatters, prompting the government to consider demanding state-run firms pay higher dividends as a way of papering over cracks in its budget.

CBI finds criminality in LTC scam; FIR soon

Last Updated: Friday, October 11, 2013, 16:09

CBI has found prima facie "criminality" in an alleged cheating case involving senior officials of Rajya Sabha Secretariat and some PSUs in claiming Leave Travel Concessions.

Patel questions barring PSUs from IAF's aircraft tender

Last Updated: Wednesday, October 9, 2013, 09:09

Heavy Industries Minister Praful Patel has raised questions on the move to bar government PSUs from participating in the tender for supply of 56 transport aircraft at an estimated cost of Rs 12,000 crore to the Indian Air Force.

Setback for Centre as SC maintains Aadhar card not mandatory

Last Updated: Tuesday, October 8, 2013, 11:05

In a setback for Centre, the Supreme Court on Tuesday maintained that Aadhar card is not compulsory for availing social benefits.

Three oil PSUs move SC for modification of Aadhaar order

Last Updated: Sunday, October 6, 2013, 13:48

Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes.

'Allow PSUs to issue quasi sovereign bonds to stem rupee slide'

Last Updated: Tuesday, September 17, 2013, 18:48

Debt inflows could result in two ways, either sovereign bond issue by the government or encouraging PSUs with strong balance sheets to issue corporate bonds, the study said.

Several CPSEs seek fixed three-year tenure for serving CMDs

Last Updated: Sunday, September 8, 2013, 11:35

"There is a demand from certain Public Sector Units (PSUs) that the serving Chairman-and-Managing Directors should also get three-year extension," an official said.

Cabinet likely to take up proposed PSUs' reforms in September

Last Updated: Tuesday, August 27, 2013, 15:06

The Cabinet is expected to take up the proposed reforms for state-owned companies, including three-year fixed tenure for CPSEs heads, next month.

CBI to probe fake LTC claims racket involving govt, PSUs

Last Updated: Thursday, August 22, 2013, 19:02

A widespread racket in fake LTC claims allegedly made by central government and public sector employees for travel on state-run Air India is being probed by CBI.

Govt to create SNIF to help sick PSUs comply with Sebi norms

Last Updated: Friday, August 2, 2013, 13:22

The government has approved setting up of Special National Investment Fund (SNIF) to help six sick PSUs, including HMT, ITI and Scooters India, to make them compliant with the 10 percent minimum public holding norm of market regulator Sebi.

High-Power Committee may consider new MoU norms this month

Last Updated: Thursday, August 1, 2013, 15:56

The Department of Public Enterprises (DPE) has prepared the draft Memorandum of Understanding (MoU) norms based on the recommendations of a Working Group on MoU norms for Central Public Sector Enterprises (CPSEs), which was headed by P G Mankad.