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PSU employee news

Disinvestment: Govt approves Tata Steel’s Rs 12,100-cr bid for NINL

After Air India, Tata Group is now set to bag another PSU as the government has approved the Rs 12,100-crore bid submitted by Tata Steel for NINL

Former Union Steel Minister seeks immediate curb on NINL disinvestment from PM

Former Union Steel Minister Braja Kishore Tripathy has urged Prime Minister Narendra Modi to immediately curb the disinvestment of NINL

NINL disinvestment moves to concluding stage, financial bids received: Govt

The government has said that the disinvestment of Neelanchal Ispat Nigam Ltd (NINL) has moved to the concluding stage after the receipt of financial bids

DPE corrects previous DA order, hikes allowance for PSU employees from Oct 1, 2021

The DPE has revised the Dearness Allowance (DA) for PSU employees, effective from July 1, 2021, and has also announced a hike which will be effective from October 1, 2021

NCOA claims there’s a mistake in calculation of revised DA for PSU employees

The NCOA has claimed that there has been a mistake in the calculation of the increase in Dearness Allowance (DA) for PSU employees by the DPE

Govt hikes DA for PSU executives, disallows arrears for ‘freezing of DA’ period

The government has hiked the Dearness Allowance (DA) for PSU executives and non-unionised supervisors from 18.4 percent to 23.2 percent

Govt has approved disinvestment of 35 PSUs since 2016: Dr Bhagwat Karad

Govt has approved the disinvestment of a substantial stake or the entire stake, along with the transfer of management control, for a total of 35 PSUs since 2016: Dr Bhagwat Karad

Govt shortlists ArcelorMittal, JSW Steel & MEIL for NINL disinvestment

Three steel majors have been shortlisted by the government as bidders for Neelanchal Ispat Nigam Ltd (NINL), which is slated for disinvestment

BPCL trims PRMBS beneficiary employees’ list; unions demand withdrawal of decision

BPCL’s decision to exclude employees with less than 15 years of service from PRMBS has been met with stiff opposition from four trade unions at the oil PSU

Govt appoints Manoj Mittal as MD & CEO of IFCI Limited

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Manoj Mittal as new Managing Director & CEO of IFCI Limited 

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