Pakistan national shipping corp

State-run companies need to be more accountable to the people of the country and the government has taken the decision to dilute equity stake for making them more professional, Union minister Dharmendra Pradhan said on November 21.The Union Cabinet on Wednesday decided to sell its entire stake in three enterprises and bring down stake below 51 per cent in select PSUs.The opposition Congress on November 21 staged protests in Parliament against privatisation of oil PSU BPCL and Shipping Corp.Close "We need to be accountable...that is why we took these decisions. The Prime Minister took these decisions in Cabinet meeting yesterday. We are going for equity dilution that means going for more professionalism. and I believe you (PSUs) must...promote it," the steel minister said in his address at the ISA Steel Conclave event here. related news RBI releases list of top wilful defaulters under RTI Act: Report Double Your Income series: A road map to getting there India trying to … [Read more...] about Going for more professionalism in PSUs via equity dilution: Dharmendra Pradhan

Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs 90,000 crore.The Cabinet Committee on Economic Affairs had on Wednesday decided to sell the government's entire stake in the country's second-largest state refiner BPCL and India's largest shipping company Shipping Corporation of India (SCI).It also approved privatisation of Container Corporation of India while also giving nod to paring stake below 51 per cent in select public sector undertakings but without losing control.Close "Since 2014, we have a clear vision that the government has no business to be in business," Pradhan told reporters here. "We have examples of 2-3 sectors such as telecom and aviation where ushering in private participation has led to customers benefiting from price cuts, efficiency, and better … [Read more...] about IOC, other PSUs not to bid for BPCL, hints Dharmendra Pradhan

Industry body FICCI on Thursday hailed the centre's go-ahead to the sale of its stake BPCL, SCI and Concor stating that the move would strengthen the performance of these companies and bring in fresh investments for both modernisation and expansion."It is encouraging to see the government take further steps to push the reforms agenda as well as address some of the critical pain points of industry.The decision to undertake strategic disinvestment and transfer management control in entities like Shipping Corporation of India (SCI), Bharat Petroleum Corporation Limited (BPCL) and Container Corporation of India (Concor) are welcome," Ficci President Sandip Somany said in a statement.Close Further, the decision to give greater operational authority to the board of National Highways Authority of India (NHAI) and enabling it to securitise user fee receipts for raising long-term funds from banks is another major positive, Somany said. related news IOC, other PSUs not to bid for … [Read more...] about Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI

This place is so lovely. advertisement advertisement Cross the Hale County line driving north on the rolling two-lane Alabama State Route 61 and you can’t deny it: the kudzu, the catfish ponds, a picturesque old store called Newbern Mercantile Co. It’s as visually seductive as any rural patch of the so-called Black Belt (a name derived from properties of soil) that stretches across several southern states. And yet this place is so tough. The 15,388 people who inhabit Hale County’s 644 square miles face all the same challenges as residents of similar counties across the rural South, as America becomes ever more urbanized. Jobs are scarce; per-capita income is low; the poverty rate is high; affordable housing is a problem. Most of these places have been largely forgotten. Hale County has not. This is, you could say, by design. Over a period of two decades, 600 or so students have participated in Auburn University’s Rural Studio program, which is … [Read more...] about The Heart of Hale County

The NRC process will be carried in entire country, Home Minister Amit Shah on November 20 said in Rajya Sabha  and assuring that no discrimination will be made on the basis of religion.Shah said the government accepts that refugees - Hindu, Buddhists, Jain, Christians, Sikhs and Parsis - who left Pakistan, Bangladesh and Afghanistan due to religious atrocities should get Indian citizenship."The process of National Register of Citizens (NRC) will be carried out across the country. No one irrespective of their religion should be worried. It is just a process to get everyone under the NRC," he said replying to a supplementary during Question Hour in the Upper House.Close He said there is no provision in NRC that people belonging to other religions will not be included in the register. related news Bank unions to stage dharna before Parliament on December 10 Detained under PSA, Farooq Abdullah nominated on key defence panel PM Modi should talk to experts, … [Read more...] about NRC process to be carried out across India: Amit Shah in Rajya Sabha