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IREL: Anuttam Mishra selected for post of Director, Technical

Newsmantra — Tue, 25 Jul 2023 08:51:39 +0000

The Public Enterprise Selection Board (PESB) recommended the name of Shri Anuttam Mishra for the post of Director (Technical), IREL (India) Limited. Currently, he is working as General Manager, IREL (India) Limited. Altogether nine candidates appeared before the selection committee for the interview in a meeting held at PESB.

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8,738 Public Charging Stations operational in the country

Newsmantra — Sat, 22 Jul 2023 08:49:21 +0000

As per data available with Bureau of Energy Efficiency a total of 8,738 Public Charging Stations (PCS) are operational in the country as on 30th June 2023.

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IREL: Anuttam Mishra selected for the post of Director, of Technical

Newsmantra — Thu, 20 Jul 2023 12:47:18 +0000

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Director (Finance), GAIL honored with the prestigious. “Public Sector CFO of The Year” award

Newsmantra — Sat, 15 Jul 2023 10:55:12 +0000

Shri Rakesh Kumar Jain, Director (Finance), GAIL (India) Limited was honoured with the prestigious. “Public Sector CFO of The Year” award for excellence in CFO category at the National Awards for Excellence in ceremony held at Mumbai yesterday.

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Govt considering Comprehensive Scheme to promote Coal Gasification Projects with an outlay of Rs. 6000 Crore

Newsmantra — Fri, 14 Jul 2023 11:53:07 +0000

The Ministry of Coal has set a target to achieve coal gasification of 100 Million Tonne (MT) coal by FY 2030 reflecting the government’s commitment to harnessing the power of coal gasification. The Ministry is taking innovative measures to accelerate the development of coal gasification projects. In line with this objective, the Ministry is considering a comprehensive scheme to promote Coal/Lignite gasification projects for both Government Public Sector Undertakings (PSUs) and the Private Sector with an outlay of Rs 6,000 crores.

The selection of entities for coal/lignite gasification scheme will be carried out through a competitive and transparent bidding process. Furthermore, government is considering providing budgetary support to eligible Government PSUs, and Private sector enabling them to undertake coal gasification projects. In first segment, the government will provide support to Government PSUs. The second segment encompasses both the Private Sector and Government PSUs, with a budget allocation granted to each project. The selection of at least one project under this segment will be determined through a tariff-based bidding process, with criteria formulated in consultation with NITI Aayog. Lastly, the third segment involves the provision of budgetary support for demonstration projects utilizing indigenous technology and/or small-scale product-based gasification plants.

The Ministry is also considering an incentive to reimburse the Goods and Services Tax (GST) compensation cess on coal utilized in gasification projects for a period of 10 years after the commercial operational date (COD), provided that the GST compensation cess is extended beyond FY27. This incentive aims to offset the inability of entities to claim input tax credit for the same.

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SCOPE Workshop on Woman Leadership Development

Newsmantra — Thu, 13 Jul 2023 11:28:06 +0000

Standing Conference of Public Enterprises (SCOPE) organized a Workshop on ‘Leadership Development for Women Executives’. The inaugural session was graced by Ms. Arti Ahuja, Secretary, Ministry of Labour & Employment; Ms. Soma Mondal, Member, PESB; Dr. Vasundhara Upmanyu, Joint Secretary, DPE, Ministry of Finance; Mr. Satoshi Sasaki, Officer-In-Charge, ILO, India; Mr. Atul Sobti, Director General, SCOPE; Mr. R.K. Tyagi, Director (Operations), POWERGRID and Mr. Ashok Bhat, Program Director. Deliberating on ways women can propel their careers, by transcending with the times and performing multifarious roles, the inaugural session was attended by over 250 participants including senior women employees of PSEs, from across the country.

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ONGC becomes the first CPSE in India to receive certification for its Anti-Bribery Management System

Newsmantra — Tue, 11 Jul 2023 04:29:59 +0000

ONGC becomes the first Central Public Sector Enterprise (CPSE) in India to receive certification for its Anti-Bribery Management System (ABMS) by INTERCERTUSA , an international accredited certification body. ONGC has always been at the forefront of promoting integrity. As early as 2005, we adopted the Integrity Pact (IP) by anticorruption.

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Former CS appointed Kerala Public Enterprises Selection Board chief

Newsmantra — Fri, 07 Jul 2023 05:30:07 +0000

The Kerala cabinet decided to appoint former Chief Secretary of the state Dr V P Joy (IAS: 1987: KL) as the Chairperson of Kerala Public Enterprises Selection Board. Joy retired from his Chief Secretary post on June 30, 2023.

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RINL Shines Nationally Once Again!

Newsmantra — Mon, 03 Jul 2023 06:35:49 +0000

RINL Shines Nationally Once Again!

Secures First Position in 18th National Awards for Excellence in Cost Management-2022, Manufacturing – Public – Mega Category.

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Yes Bank To Resume banking

Newsmantra — Mon, 16 Mar 2020 11:17:00 +0000

Yes Bank said on Monday that it will resume full banking services from 6:00 pm on Wednesday. In a Twitter post, the private sector lender said: “Visit any of our 1,132 branches from Mar 19, 2020, post commencement of banking hours to experience our suite of services.” The development comes as a group of lenders led by the country’s largest bank, State Bank of India (SBI), committed to pick stake in Yes Bank as part of a government-backed rescue plan for the troubled private sector lender.

“You will also be able to access all our digital services & platforms,” Yes Bank said on Monday.

Yes Bank customers had been facing a tough time in accessing internet banking, using payment via UPI and withdrawing from ATMs after the RBI’s sudden announcement to curb withdrawals led to a scramble to withdraw money.

Earlier this month, the RBI placed Yes Bank under a moratorium till April 3 following deterioration in the bank’s financial position, and took control of its board. The central bank restricted withdrawals from Yes Bank accounts at Rs 50,000 with few exceptions.

On Friday, the Union Cabinet approved a reconstruction scheme for Yes Bank, as proposed by the RBI.

As part of the RBI-backed rescue plan for the troubled private sector lender, SBI will pick up to 49 per cent in Yes Bank. Yes Bank’s authorised share capital will be revised upwards from Rs 1,100 crore to Rs 6,200 crore.

Besides SBI, several banks and financial institutions including ICICI Bank, Axis Bank and HDFC have committed to pick stakes in Yes Bank.

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