Category: Government & PSU

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…

IRCON appoints Shyam Lal Gupta as Director (Projects)

Shyam Lal Gupta has been appointed on the Board of IRCON as Director (Projects) by replacing Deepak Sabhlok. Shyam Lal Gupta was deputed in IRCON by Indian Railways Service of Engineers as a General Manager in November, 2006 and thereafter was permanently absorbed in IRCON since 2011. He was Executive Director (General) in IRCON before…