India to deliver corvette class warship to Mauritius on Dec 20

India will soon join the elite club of warship exporters, with the Kolkata-based defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) all set to deliver the first corvette class warship to Mauritius worth USD 58.5 million.

Govt imposes fresh restrictions on overseas travels by babus

The government on Monday imposed fresh curbs on foreign tours by bureaucrats saying that they should restrict their overseas visits to four in a year.

Employment in PSU be not denied to convicts: HC

Employment in a public sector organisation shall not be denied to a job-seeker on the ground of conviction in a criminal case unless offences have an element of "moral turpitude", the Delhi High Court has said.

NRHM scam: CBI files chargesheet against Kushwaha, 5 others

The CBI filed a chargesheet against former Uttar Pradesh minister Babu Singh Kushwaha, senior IAS officer Pradeep Shukla and four others in a case.

‘Unfit employees at transport PSUs causing concern`

West Bengal Transport Minister Madan Mitra on Tuesday expressed concern at the rise of medically unfit workers in the five state transport PSUs.

General strike disrupts transport sector in Delhi

The nation-wide strike against government`s "anti-labour" policies and price rise did not create much ripples in Delhi.

Government nod for joint ventures by defence PSUs

Government approved Defence
Ministry guidelines for its public sector units (PSUs) to establish joint ventures with private firms.

HC asks PSUs to clear illegal occupation on property

Jharkhand High Court on Monday directed the public sector units in Jharkhand to clear encroachment on their property by May this year.

CPI(M) demands setting up committee for PSU in J&K

The Jammu and Kashmir chapter of CPI(M) on Wednesday demanded the constitution of a committee to review the functioning of PSUs and recommend measures for
making them profitable.

Ten posts of PSU heads lying vacant: Govt

Government Wednesday said that 10
posts of chief managing directors were lying vacant in various Public Sector Units (PSUs).

Don`t approach law officers directly for legal opinion: Govt

Unhappy with its law officers
giving independent advice to various ministries without
consulting it, the Law Ministry has shot off a letter to all
central ministries and departments.

‘Procurement of radars by BEL being examined’

Defence Ministry is examining the issue of defence PSU BEL procuring radars from foreign sources.

Centre to distribute 600 CWG flats to govt depts

The Centre has decided to distribute around 600 flats in the CWG Village among various government departments and PSUs.

PSUs may not contribute funds for CWG

PSUs may not shell out more funds for the CWG 2010 following corruption charges, an official said.

PSUs may not contribute funds for CWG

PSUs may not shell out more funds for the CWG 2010 following corruption charges, an official said.

CISF cover withdrawn from PSUs due to non-payment of fees

CISF has withdrawn its security
cover provided to two Public Sector Undertakings over
non-payment of fees.

Central PSUs shed 31,000 employees in 2008-09: Govt survey

The central government-owned
companies shed 31,000 employees during 2008-09, the year which
witnessed global economic downturn hitting the world economies
including India.

Govt expecting Rs 24k cr from disinvestment

The government on Monay said 60 state-owned companies are likely to hit the capital market in the next couple of years, with steel giant SAIL and coal major CIL coming out with IPOs in the next fiscal itself.

MTNL`s Sinha resigns as CMD

In a surprise development, telecom PSU MTNL`s Chairman and Managing Director R S P Sinha has resigned from the post.

14 sick PSUs return back to health

Of the 36 sick PSUs which
received approval for fund injection by the government, 14
have been nursed back to health in the last two years.