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 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 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…
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…
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…
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…
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…
Plans for $100 million investment in Energy sector. $ 1.5 trillion in Infra sector. 400 mn people to be skilled to meet the requirement of trained manpower.During the Future Investment Initiative (FII) summit in Riyadh, Prime Minister Narendra Modi spoke about investment opportunities in infrastructure sector, and energy sector in India. He mentioned that the…
Justice Sharad Arvind Bobde will be the next Chief Justice of India as President Ram Nath Kovind paved his way after signing a warrant on appointing him as the next CJI. Justice Bobde, the next senior-most judge in the Supreme Court pecking order after CJI Ranjan Gogoi, will take oath on November 18. Justice Bobde…
“BSNL and MTNL are strategic assets of India. Neither they will be closed nor being disinvested. We want to make them competitive and bring professionalism.” – Telecom MinisterThe Union Cabinet has approved the merger of two state-owned telecom companies BSNL and MTNL, where MTNL will act as a subsidiary of BSNL. The cabinet also laid…
During the 15 day Apprenticeship Pakhwada organised by Ministry of Skill Development & Entrepreneurship (MSDE), the industry has committed to engage 4.5 lakh more apprentices with States committing another 2.5 lakh apprentices. The National Apprenticeship Programme plays an important role in upskilling India’s workforce. In 2016, the Government had introduced comprehensive reforms to the Apprenticeship…
The Union Cabinet has approved a 5 % hike in Dearness Allowance for central government employees. This was announced today (9th October) by Union Minister Prakash Javadekar. The approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners will be effective from July 2019, and…
Allahabad Bank on Thursday announced that the Centre is infusing Rs 3,054 crore into it as an investment during the current fiscal. “In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the bank has received a communication from the Government of India, Ministry of Finance, Department of…
National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund announced that it has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions. The company has a loan book of more than Rs…
GE Power India Ltd. today announced that it has been awarded four orders by NTPC Limited to supply and install Wet FGD systems for a combined value of INR 1783 crore (USD 247 million). The four power plant projects are:• Solapur Super Thermal Power Project – 2×660 MW,• Tanda Super Thermal Power Project Stage-II –…