Public sector undertakings Current Affairs - 2019

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50th Raising Day celebrations of CISF

Prime Minister Narendra Modi attended the 50th Raising Day celebrations of Central Industrial Security Forces (CISF), at Indirapuram in Ghaziabad, Uttar Pradesh. Lauding the role of CISF in building New India by providing security to the vital institutions of the country, Prime Minister suggested the idea of starting digital museums at airports and metros, showcasing the Read More…

Month:  Categories: Defence & Security

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CISF Creates New Guinness World Record

The Central Industrial Security Force (CISF) created a new Guinness World Record for the longest single moving line bicycle parade at the Yamuna Expressway. New World Record The world record was attempted to commemorate the 50 years of the paramilitary force CISF. For creating the World Record the personnel of the central force rode 1,327 bicycles non-stop with a uniform Read More…

Month:  Categories: Reports & Indices

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Parliament passes Coal Mines (Special Provisions) Bill, 2015

Parliament has passed Coal Mines (Special Provisions) Bill, 2015. It was first passed in Lok Sabha on 4 March 2015 and later in Rajya Sabha on 20 March 2015. This bill will replace the Coal Mines (Special Provisions) second ordinance, 2014. Key highlights of Bill The bill has provisions for allocation of coal mines through Read More…

Month:  Categories: Business, Economy & Banking

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Union Government launches BIRAC AcE Fund to accelerate growth of entrepreneurs in Biotechnology

Union Government on 19 March 2015 launched Biotechnology Industry Research Assistance Council (BIRAC) AcE Fund to accelerate growth of entrepreneurs in Biotechnology. It was announced by Minister of State (MoS) for Science and Technology (S&T) and Earth Sciences Y.S. Chowdary on the occasion of the third foundation day of BIRAC in New Delhi. The BIRAC Read More…

Month:  Categories: Science & Technology

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Lok Sabha passes Warehousing Corporations (Amendment) Bill, 2015

The Lok Sabha on 18 March 2015 passed the Warehousing Corporations (Amendment) Bill, 2015. The Bill seeks to amend the Warehousing Corporations Act, 1962. Key facts Statement of Objects and Reasons of the bill states that the Central Warehousing Corporation (CWC) has been awarded a Mini-Ratna Public Sector Enterprise (PSE) status by the Department of Read More…

Month:  Categories: Constitution & Law

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Five sick PSUs to be closed down: Union Government

Union Government has announced that 5 sick public sector undertakings (PSUs) will be closed. It was announced by Union Heavy Industries Minister Anant Geete while replying to a question in the Lok Sabha. The 5 sick PSU that will be closed include HMT and its three units, Hindustan Shipyard. Government also announced that while closing Read More…

Month:  Categories: Business, Economy & Banking

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4 PSUs to set up integrated coal gasification cum fertilizer plant in Talcher, Odisha

4 Public sector undertakings (PSU’s) have signed Joint Ventures Agreements (JVA’s) to set up an Integrated Coal Gasification cum Fertilizer and Ammonium Nitrate plant at Talcher, Odisha. 4 PSU’s are: GAIL India Limited, Coal India Limited (CIL), Rashtriya Chemicals (RCF) and Fertilizers Corporation of India Limited (FCIL). Key facts of Joint Ventures Agreements GAIL Coal Read More…

Month:  Categories: Business, Economy & Banking

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