PSU NEWS INDIA

Punjab government tonight ordered transfers and postings of 15 IAS and one PCS officer with immediate effect. Among transfer of senior IAS officers, D P Reddy has been posted as Principal Secretary Finance while Anurag Aggarwal has been shifted from Secretary Power, MD PIDB and given the charge of Financial Commissioner Taxation. IAS officer R Venkat Ratnam has been transferred as Principal Secretary Transport with additional charge of FC Appeals. Venu Prasad has been appointed as Secretary power and MD PIDB, said an official release. Excise and Taxation Commissioner Anurag Verma has been given the additional charge of Secretary Information and Public Relations relieving Karan Avtar Singh of additional charge. Secretary Vigilance Vivek Partap Singh has been given the additional charge of Secretary sports. Dipirva Lakra has been posted as additional secretary home. Ashwani Kumar has been transferred as Director State Transport and Principal Secretary to Deputy Chief Minister. MS Jagg

1. Shaktikanta Das appointed as Secretary, Economic Affairs 2. Hasmukh Adhia appointed as Secretary, Revenue 3. Ms Anuly Chib Duggal appointed as Financial Services 4. Rapan Ray appointed as Secretary, Corporate Affairs 5. J S Deepak appointed as Secretary, Electronics & IT 6. Vijay Shankar Madan appointed as Secretary, Land Resources 7. Vinod Zutshi appointed as Secretary, Tourism 8. Sunil Arora appointed as Secretary, I&B 9. Rohit Nandan appointed as Secretary, Skill Development 10. Ajit M Sharan appointed as Secretary, AYUSH 11. Sanjay Kumar Srivastava appointed as Secretary, Coordination & Public Grievances 12. Rajiv Yadav appointed as Secretary, Sports 13. Girsh Shankar appointed as Secretary, Official Language 14. Pravir Kumar appointed as Secretary, Inter-cadre Council Secretariat 15. Amarendra Sinha appointed as Secretary, Commission of Minorities 16. Raghav Chandra appointed as Chairman, NHAI 17. Mrs Pujari, CVO, Air India gets pr

  New Delhi, Aug 18: Clerks in Government offices who are considered as the backbone of the lower bureaucracy will soon become passe. According to new proposal by the Government, the post will be renamed as secretariat assistant.  The proposal has been given by the department of personnel and training (DoPT), suggesting this new nomenclature for the clerks. If proposal will be accepted by all the departments then lower division clerk will be called as 'junior secretariat assistant' and upper division clerk as 'senior secretariat assistant' respectively. DoPT circulated a note on Monday, asking all department to give their inputs and suggestions in this regard by September 18. The total sanctioned strength of Central Secretariat Clerical Service (CSCS) and Central Secretariat Service (CSS) is 11,467 and 5,933 respectively. Earlier in March, it had decided to replace the 'class' categorisation for specifying the seniority of its em

The government on Monday sold 10 per cent of its stake in the state-run refiner and fuel retailer, raising around $1.4 billion. While LIC is a frequent back up for government sales, the sum it bought on Monday, amid a stock market rout, is likely to raise questions over the future of the sell-off programme. The government is seeking to raise as much as $11 billion by selling stakes in state-run firms this year. Officials at LIC, whose stake has risen to 11.11 per cent in Indian Oil from 2.52 per cent according to Tuesday's filing after market hours to the Bombay Stock Exchange, did not immediately respond to requests for comment. Life Insurance Corporation (LIC) of India, the country's largest investor, bought just under 86 per cent of shares sold by the government earlier this week in Indian Oil Corporation. #LIC #IOCL

Sebi bars the entities for manipulatively trading in derivatives of thinly traded stocks to generate fictitious profits and losses, allegedly with the aim of evading tax Sebi found that the loss-making entities were trading mainly in options of individual stocks which were thinly traded. :  PSU NEWS INDIA: http://www.psunewsindia.in/ The Securities and Exchange Board of India, or Sebi, on Thursday, barred 59 entities from accessing the capital markets for manipulatively trading in derivatives of thinly traded stocks on BSE to generate fictitious profits and losses, allegedly with the aim of evading tax. While passing an interim order, pending investigation, Sebi whole time member Rajeev Kumar Agarwal said between 1 April 2014 and 31 March 2015, the regulator found several instances wherein these entities were consistently making significant losses by their trading in options on individual stocks, which were reversed with the same counter parties either on the same day or the n