PSU NEWS INDIA

Accoring to sources, Centre is close to appointing Ravi Venkatesan, an independent director on the Infosys board, and former revenue secretary Sumit Bose as chairmen of two public-sector banks. TN Manoharan, who is on the board of Tech Mahindra, and former petroleum secretary GC Chaturvedi are also tipped to head two other banks. The impending appointments indicate the BJP-led government’s determination to transform banking by inducting outside talent into public sector banks.

Senior IAS officer Siddharth was today given additional charge of the post of Chief Executive Officer, Price Stabilisation Fund Trust (PSFT). Siddharth, a 1983 batch IAS officer of West Bengal cadre, is presently Director General in Directorate General of Supplies and Disposals. He will hold the additional charge till August 10, 2015 or till the post is filled up on regular basis, an order issued by Department of Personnel and Training said. The PSFT works under the Department of Commerce. 

New Delhi, May 25: Bharat Heavy Electricals Limited (BHEL) has brought a turnaround in the hydro power sector by commissioning 6 hydro sets aggregating to 736 MW, accounting for 100 per cent of the hydro power capacity addition in the country during fiscal 2014-15. Notably, this is also the highest hydro capacity addition in a single year by BHEL in the last decade. The feat was achieved by successfully commissioning projects of three major Central utilities – NTPC, NHPC and SJVNL. The projects commissioned by BHEL include 2 units (200 MW each) of Koldam Hydro Electric Project (HEP), with which NTPC has made its maiden entry in the hydro sector. In addition, a 130 MW unit of NHPC’s Parbati III HEP and 3 units of SJVNL’s Rampur (68.67 MW each) were commissioned. Significantly, the two units of NTPC’s 4×200 MW Koldam HEP were commissioned on consecutive days. The surface power house comprises 4 Francis turbines of 200 MW rating each, operating under a head of 131.2 metres. BHEL has t

ArcelorMittal, the world’s leading steel and mining company, and the Steel Authority of India Limited (‘SAIL’), India’s leading steel company, today, signed a Memorandum of Understanding (‘MoU’) to set up an automotive steel manufacturing facility under a Joint Venture (‘JV’) arrangement in India. The MoU was signed in London today by Mr. Lakshmi Mittal, Chairman and CEO of ArcelorMittal, and Mr. C.S. Verma, Chairman of SAIL. Mr. Rakesh Singh, Secretary to the Government of India, Ministry of Steel and Mr. Aditya Mittal, ArcelorMittal CFO and CEO ArcelorMittal Europe, were also present. The MoU is the first step of a process to establish a JV between the two companies. The proposed JV will construct a state-of-the-art cold rolling mill and other downstream finishing facilities in India that will offer technologically advanced steel products to India’s rapidly growing automotive sector. India is forecast to become the world’s fourth largest automobile manufacturing nation by 2020

  Employees of public sector banks, old generation private sector banks and some foreign banks will be a happy lot as they will soon get 15 per cent pay hike, arrears for the last 30 months, and other benefits as part of a deal that the unions and bank managements have reached. Unions, under the aegis of the United Forum of Bank Unions, and bank managements, represented by the Indian Banks’ Association, have worked out a detailed Bipartite Settlement/ Joint Note and the same will be formalised on May 25. The benefits that about 7.50 lakh bank employees stand to get are a special pay, a new hospitalisation scheme backed up by insurance and holiday on every second and fourth Saturday in a month.  TAG : #PSUNEWS, #PSUBANKS

Hitting out at the Centre after it issued a notification specifying the role and powers of Delhi Lt Governor, Chief Minister Arvind Kejriwal today said it showed BJP's nervousness about the anti-corruption efforts of his government. "BJP first lost Del elections. Today's notification shows BJP's nervousness abt our anti-corruption efforts. BJP again lost today(sic)" Kejriwal said in his tweet. Amid the escalating LG-CM feud, the Centre today backed Delhi Lieutenant Governor Najeeb Jung making it clear that it was not mandatory for him to consult Kejriwal on matters like appointment of bureaucrats. In a gazette notification issued today, the Union Home Ministry said that the LG will have jurisdiction over matters connected with services, public order, police and land and he may consult with the Chief Minister whenever he thinks necessary in issues of services using his own "discretion". Reacting to MHA's notification, Delhi Deputy Chief Mi

New Delhi : Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore. “Banks are coming to meet me. Some of the banks are meeting me with regard to some immediate issues” this week, he told PTI. “You see the private sector investment and the private sector performance has to pick up (that would ease pressure with regard to bad loans),” he said. As per RBI data, gross NPAs of PSU banks have gone up to Rs 2,60,531 crore as on December, 2014. 

National Small Industries Corporation Limited (NSIC)an ISO 9001-2008 certified Mini-Ratna CPSE under the Ministry of Micro, Small and Medium Enterprises invited applications for the posts of General Manager and Deputy General Manager. The eligible candidates can apply online to the post in the prescribed format on or before 30 May 2015. Important Date Last Date of Online Application: 30 May 2015 Details of Post Name of the Posts:     General Manager- 01 Post     Deputy General Manager- 04 Posts Eligibility Criteria:  Educational Qualification:     General Manager- a Law graduate / Degree in Law from a recognized University or Institution.     Deputy General Manager- Graduation in Computer Science & Engineering or Information Technology Engineering from a recognized University or Institution. Selection Procedure The selection of the candidates will be done on the basis of the interview/exam conducted by the organization. How to Apply Eligible candidates

  Bharat Electronics Limited, India’s premier Navaratna Defence Electronics Company invited applications for the posts of Sr. Engineer and Dy. Engineer. The eligible candidates can apply to the post through the prescribed format on or before 30 May 2015. Important Date Last Date of Application: 30 May 2015 Details of Posts: Name of the Posts:     Sr. Engineer- 04 Posts     Sr. Engineer- 01 Post     Dy. Engineer- 01 Post Pay Scale:     Sr. Engineer- 20600 -3%- 46500     Sr. Engineer- 20600 -3%- 46500     Dy. Engineer- 16400 -3%- 40500 Eligibility Criteria: Educational Qualification:     Sr. Engineer- BE (Civil)     Sr. Engineer- BE (E&C/ Electronics/ Commn)     Dy. Engineer- BE (E&C/ Electronics/ Commn) Selection Procedure The selection of the candidates will be done on the basis of the written test / Interview conducted by the organization. How to Apply Eligible candidates can apply to the post through the prescribed and send the applications along with other necessary docu

L V S Babu has been appointed as the Chairman and Managing Director in Hindustan Shipyard Limited.

The Congress Vice President said he would give the NDA dispensation "zero out of 10" for its handling of issues involving farmers and labourers as he arrived here to meet with cultivators who have suffered crop loss due to unseasonal rainfall and hailstorms. "The move of BJP-led government has affected farmers and labourers of Amethi and 10 neighbouring districts. The Centre wanted to take revenge from me, but the move has affected farmers. His attack on the Modi government comes in the wake of Union Minister Smriti Irani's tour of the Congress pocket borough -- where she had unsuccessfully contested against Gandhi in the last Lok Sabha election -- and her charge that he cared more for a business house than for the farmers of Amethi. "The PM is visiting foreign countries, but he does not go to the houses of farmers and labourers," Gandhi said. Gandhi said that he would give "zero out of 10" to the Modi government on its handling of far

Anita Agnihotri, IAS (OR:80), has been given the additional charge as Secretary in the Department of Empowerment of Person with Disabilities.

IRCTC offers Last Minute Flight Air tickets to Passengers who hold Wait-listed Train Tickets – Innovative Distress Flight Booking apply to tickets booked 3 days prior to Journey but not got confirmed IRCTC has announced an offer for the waitlisted ticket holders with an offer for travelling in flight at their cost. The details are given below: Great news to all Waitlist dropped train ticket passengers. Now IRCTC users can avail the last minute flight offers using their train ticket booking. Stage I – Wait list Train tickets booked 3 days prior to the date of journey and which are not confirmed at the time of chart preparation are eligible for the Last minute flight Offer. Stage II –  You would get an Email from IRCTC when you are eligible for the offer. Log on to the website www.air.irctc.co.in Stage III –  Choose the air passengers name from train ticket list & click on Search Flights. Stage IV –  Flights would show up only if airlines operate connecting those s

What would be a celebration of PM Modi and his entourage completing one year in government be without a generous smattering of pro-Hindutva ceremonies? Almost with an intention to underscore the fact that the government takes great pride in stoking the attempts to "Hindutvafy" Indian culture and history, the RSS and BJP have joined hands to pay homage to Hindutva icons on the occasion of the BJP government completing a year.   "The BJP-RSS combine has planned an elaborate strategy to showcase Hindu icons like Mangal Pandey, Nana Sahib and Rani Laxmi Bai, along with its ideologues like Deen Dayal Upadhyaya, to mark the first anniversary of the Narendra Modi government." It is perhaps a legitimate move from the party's point of view since the BJP's ascension to power has led to a spike in activities that included beating the Hindutva drum. From the ban on cow and water buffalo slaughter and possession of beef in Maharashtra to the loud cries of the l

Shivraj Singh Chouhan today began enrolment in the state for three social security schemes launched by Prime Minister Narendra Modi by presenting insurance certificates to his staff and their family members.The schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) -- were simultaneously launched on May 9 at 115 locations throughout the country. A campaign will be launched in the state from May 20 to enroll maximum number of eligible persons with these schemes, he said adding in the last 10 days only 32 lakh people have enrolled themselves in these schemes.

Petroleum Minister Dharmendra Pradhan will lead an Indian delegation to Mexico and Colombia from Monday to strengthen mutual cooperation in hydrocarbons aimed at augmenting India's energy security, the petroleum ministry said. Shri Pradhan will meet his counterparts as well as leaders of the hydrocarbon industry in both the Latin American countries. The Indian delegation comprises senior Ministry officials, Chairman of IndianOil, Managing Director of ONGC Videsh Ltd., and Senior official from Director General of Hydrocarbon. The visit of the Indian delegation is important in the wake of the economic and demographic growth of India, which has caused a spurt in its energy requirements necessitating increased imports and energy partnerships with important hydrocarbon producing countries. Mexico and Columbia are very important economic and energy partners of India in this context. ONGC Videsh has 7 oil and gas blocks in Colombia and India imports about 10 Million Met

Prime Minister #NarendraModi reiterated that India is poised to achieve 7 per cent growth rate and emerge as a strong force in the near future. The Prime Minster addressed Indian community at Shanghai before leaving for Mangolia as part of three-nation tour. The Prime Minister said 21st century belongs to Asia and India and China will work together to find solutions to the problems being faced by global countries. He said winds of change are enveloping India and international agencies like the World bank and IMF had noticed that the country has been achieving rapid growth in economy, science and technology and other fields. Narendra Modi said that his visit to Xian city, the first stop in China, provided him immense satisfaction as it enabled him to rediscover the cultural linkage between India and China. Stating that people of India and China need to understand each other, Modi called upon Indians living in China to promote tourism in India. He asked them