PSU News

SAIL Rourkela recruitment 2019: Vacancies for 361 Medical Executive, Paramedical Staff posts, how to apply

SAIL Rourkela recruitment 2019: There are in total 361 vacancies for the posts of Medical Executive and Paramedical Staff. The candidates can apply through the website

SAIL recruitment 2019: Apply for 205 executive, non-executive posts

SAIL recruitment 2019: The online window for the application process will be closed on July 31. The candidates can apply through the website


Public and private

Government must step up plans for asset recycling and monetisation for much-needed boost to investment

Govt readies plan for second wave of asset monetisation

The inter-ministerial committee has discussed hiving off the pipeline and tower businesses of GAIL and BSNL, for second wave of asset monetisation respectively, and leasing them out to private players.

Merger of three PSU general insurance companies to get ‘serious push’ this fiscal

Budget 2019-20 – announced by incumbent Finance Minister Nirmala Sitharaman – has proposed the enabling provision for the merger of non-life insurance companies by seeking to amend the General Insurance Business Nationalisation Act.

Moving to monetise idle land assets of PSUs, Centre kickstarts process to hire consultants

The move is critical at a time when the government needs to raise resources to spend and push growth without derailing its fiscal consolidation roadmap.


Size isn’t the issue

Transforming state-owned banks will need radical changes in governance and ownership structures. Consolidation is no panacea.

Public sector banks hopeful of getting out of RBI's watchlist by 2020

The banking sector is grappling with rising NPAs, which touched Rs 8.99 lakh crore or 10.11 per cent of total advances at December-end 2017. Of the total gross NPAs, public sector banks accounted for Rs 7.77 lakh crore.

PSUs may soon be able to share infrastructure, training facilities via portal

A committee comprising of chief executives from central PSUs including BHEL, Hindustan Aeronautics Limited, Indian Oil Corporation, NTPC, SAIL and ONGC will finalise the broad framework of the proposed portal -- Infraa-S.

PSU banks write off Rs 55,356 crore in six months

The write-off in the last six months comes at a time when banks are struggling to resolve many cases of repayment of loans and recover money stuck with corporate defaulters through insolvency proceedings.