Category: Government & PSU

Prime Minister discusses job creation and economic growth with India Inc.

Prime Minister Narendra Modi on Monday, met top industry leaders including Mukesh Ambani, Ratan Tata, and Gautum Adani, ahead of the Union Budget 2020-21. The Union Budget which will be presented in the parliament on February 1, 2020, will be extremely crucial in sending a positive message to revive business sentiment amidst an economic slowdown.…

Govt appoints Harsh Vardhan Shringla as new foreign secretary

The Cabinet on Monday approved the appointment of Indian ambassador to the United States Harsh Vardhan Shringla as the next foreign secretary. He will replace Vijay Keshav Gokhale with effect from 29th January, 2020. The decision makes Harsh Vardhan Shringla as the 33rd foreign secretary of the country. A 1984-batch IFS officer and a fluent…

Coal India Limited to recruit 1326 management trainees

Coal India Limited has released a notification to hire 1326 graduates for the role of management trainees across different disciplines. Applications are invited through online mode only. Candidates can apply for CIL management trainee from 10am onwards on December 21,2019. The window for applying will be opened up till 11 am on January 19,2020. Candidates…

RBI Guidelines on Bank CEO Compensation

RBI Guidelines for Bank CEO Compensation provides for clawback, and deferred payouts of variable pay. RBI, has announced a fresh set of guidelines for compensation of CEO’s, whole time directors (WTD’s) of Banks. These guidelines are based on a review of guidelines issued in 2012 (for implementation effective FY 12-13). They are also aligned with…

SkillsBuild platform launched. Collaboration of DGT (MSDE) and IBM.

Directorate General of Training (DGT), under the aegis of Ministry of Skill Development & Entrepreneurship (MSDE), has launched SkillsBuild platform in collaboration with IBM. The platform has been deployed with the support of leading NGOs like Unnati and Edunet Foundation. As a part of the initiative IBM Volunteers along with the NGO’s will offer students…

Anuradha Pradeep, non-independent director resigns from board of LVP

Lakshmi Vilas Bank (LVB) has announced the resignation of Non-Executive Non-Independent Director Anuradha Pradeep. In their statement to the exchange dated 1st November, LVB said – ” It is informed that Smt. Anuradha Pradeep (Non – Executive and NonIndependent Director) has resigned from the directorship of the Bank on November 01, 2019. “ The resignation…

DoT proposal for reducing employee cost for BSNL-MTNL

The State controlled telecom service provider BSNL & MTNL to face cost cutting for revival. Revival to take place by reducing employee costs, administrative allotment of spectrum for 4G services, debt restructuring by raising of sovereign guarantee bonds, monetisation of assets and in-principle approval for merger of BSNL and MTNL. The Union Cabinet in its…