Wednesday, May 27th 2020
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21, Aug 2017, by : FnC Correspondents

In a stern warning to his cabinet ministers, Prime Minister Narendra Modi told them to refrain from staying in five-star hotels, and avail of any benefit from public sector undertakings attached to their ministries. As per a Times of India report, PM Modi had on Wednesday asked his ministers to stay back after a cabinet meeting and 'read the riot act' to them. The report said that the prime minister was 'extremely unhappy' with the recent tendency of some ministers' preference to stay in five-star hotels instead of accommodation that the government provides.Read News

18, Aug 2017, by : FnF Desk

After several complaints being raised by the start-ups regarding Central public sector companies not following the public procurement guidelines, Department of Industrial Policy and Promotion (DIPP) had taken up the matter with to P K Sinha, Cabinet Secretary. Several start-up firms have reportedly complained that the Central public sector companies are not following the public procurement guidelines that exempt them from the requirement of ''prior turnover and prior experience''.Read News

16, Aug 2017, by : FnC Correspondents

Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year. The outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, as against Rs 76,685 crore at the end of March 2016, registering a jump of 20.4 per cent.Read News

08, Aug 2017, by : FnF Correspondent

Public sector banks have "written off" nearly Rs 2.5 lakh crore loans in the last five financial years, the finance ministry said quoting RBI data. As many as 27 public sector banks, including SBI and its five associates, in 2016-17 have written off Rs 81,683 crore, the highest in the last five fiscals. The amount was 41 per cent higher than that in the previous fiscalRead News

24, Jul 2017, by : FnF Correspondent

Oil minister Dharmendra Pradhan informed Lok Sabha that a panel led by finance minister Arun Jaitley will decide on the modalities of divesting 51.11% of government's stake in state-run refiner Hindustan Petroleum Corp. Ltd (HPCL) to explorer Oil and Natural Gas Corp. (ONGC) as decided by the government on 19 July.Read News

04, Jun 2017, by : FnF Correspondent

The two organizations will work together to set up training centres and centre of excellence in India with the aim of increasing employability of youth aspiring to work in the aerospace and aviation sector under the guidance of Aerospace and Aviation sector skill councilRead News

17, May 2017, by : FnF Correspondent

The existing Pragati Maidan Complex that so far used to organise National and International Exhibitions and facilitate holding of various other events, is set to get all new face with its upcoming redevelopment into a World class state-of-the-art Integrated Exhibition-cum-Convention Centre (IECC). Read News

26, Apr 2017, by : FnF Correspondent

M Venkaiah Naidu inaugurated the 47th Foundation Day of Housing and Urban Development Corporation Ltd. (HUDCO) and said that HUDCO is playing an important role in taking financial inclusion forward in the country, as it is taking care of the housing finance needs of the economically deprived sections. Read News

11, Apr 2017, by : FnF Correspondent

President Pranab Mukherjee presented the Standing Conference of Public Enterprises (SCOPE) Awards at the 8th Public Sector Day function held in New Delhi today.Read News

04, Feb 2017, by : Rupesh Dutta

Initially set up to improve roads in the northeast, a fledgling state-owned company has now seen its mandate expanded to cover other hill states as well as the Andaman and Nicobar islands, where it is undertaking an ambitious sea-link project in the strategically important archipelago that is being developed as a maritime hub.Read News

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