Page 2 - Public Sector

CCMB moves 83 terabytes of genomics data to AWS cloud to boost research

CCMB has already reduced the time taken for research analysis from 550 days to just nine days, or by up to 98 per cent on average, with cloud computing services, AWS said

HPCL net profit zooms to Rs. 6,765 cr in Q1 as marketing margins improve

On a sequential basis, net profit shot up 87 per cent from Rs. 3,608.3 crore in Q4FY23

CIL should remain public sector entity to maintain price stability: Chair

Coal India Chairman Pramod Agrawal said on Thursday that the company should continue to remain as a "government entity" in the future to maintain "price stability" of the dry fuel in the country and suggested an alternative methodology for coal pricing in future. In an interview with PTI a day before his term ends as the head of Coal India on June 30, Agrawal said unlocking value cannot be the "sole" purpose of all enterprises. As a government-owned entity, Coal India holds the responsibility of ensuring that the benefits of coal production are distributed to the public, he said. Agrawal also pointed out that the miner's identity is synonymous with the country's energy sector, and the present structure with CIL as the apex holding company is "strong and stable". "We have seen severe price escalation in international coal prices last year. In such a scenario, private companies would have stepped up their prices as well. However, for a government agency like Coal India, such a situat

Women participation in public sector down from 30% to 24%: Karnataka CM

Karnataka Chief Minister Siddaramaiah in a veiled attack on the BJP said that after 2013-14 the participation of women in the public sector has come down from 30 per cent to 24 per cent

Employers must consider increasing maternity leave to 9 months: NITI Aayog

NITI Aayog member V K Paul on Monday said that both the private and public sectors should consider enhancing the the maternity leave for women workers from six months to nine months. The Maternity Benefit (Amendment) Bill, 2016 was passed by the Parliament in 2017 entitling paid maternity leave of 26 weeks, up from earlier 12 weeks. "Both private and public sector need to sit together to think about increasing the maternity leave of the mothers from present six months to nine months," FICCI Ladies Organisation (FLO) said in a statement quoting Paul. According to the statement, Paul said the private sector should help the NITI Aayog to design the comprehensive care of the children by opening more creches for children for better upbringing as well as doing the needful for the elderly care . "As millions of care workers will be needed in future, we have to develop systematic soft and hard skilling training," Paul added. FICCI Ladies Organisation (FLO) president Sudha Shivkumar said t

Gap between private and public sector wage bills widens in 2022-23

The wage bill of the private sector was 12.7 per cent in the FY22, compared to 11.8 per cent for the public sector

Fresh public sector employment declined in 2022 by 8.8%, shows data

The share of young women getting these jobs, however, declined to 35.4 per cent in 2022, from 37.1 per cent in the preceding year, contrary to the trend seen at the Centre

Pub sector failed world over, pvt sector can take country forward: Jindal

Business tycoon and chairman of JSW Group Sajjan Jindal on Tuesday said that it is be the private sector, not the public sector, that will take India ahead because "ultimately what matters is accountability and profitability". While pointing out that India is on the path of becoming a USD 10-trillion economy in the next ten years, the country needs to adopt a "modern thought process" which is not driven by socialism or a notion that only the public sector can deliver. He made the remarks at the Indian Institute of Management Ahmedabad (IIM-A) after inaugurating the JSW School of Public Policy's new building, a state-of-the-art multi-facility centre at IIMA's new campus. "...we used to talk about a country becoming a USD 5-trillion economy. But today we are talking about USD 10-trillion, visible in the next seven to ten years. The country is growing at neck-break speed. So we need a real modern thought process, which is not driven by socialism or an idea that only the public sector c

Signs of a weakening public sector

States may have got more through tax transfer, but the composition of the PSU capital outlay causes concern

Public, pvt sectors must think out of box to seize global opportunities: PM

The Prime Minister applauded the success of the India Digital story and the rapid adoption of fintech across the country, and the potential for inclusive growth and development it promises

Dipam seeks to make dividends from PSUs part of disinvestment target

The government is half way against the disinvestment target of Rs 65,000 crore for the current fiscal year

Bank of Baroda hikes MCLR up to 30 basis effective December 12

The revised rates will be effective from December 12

Trade union bats for separate business management service cadre for PSUs

Bharatiya Mazdoor Sangh (BMS) wants creation of a separate business management service cadre like IAS, IFS to manage the public sector units (PSUs)

Union Bank likely to sell tier-2 bonds worth Rs 2,000 crore next week

Tier-2 bond sale plan comes amid sharp decline in bond yields

How govt's tight control is slicing away Coal India's creamy layers

Larger shares of the state-owned miner's production are sold significantly below global benchmark prices, deterring global investors from participating in divestment plans

Bandhan Bank offers 7.5% interest rate on retail FDs for limited period

Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more

PSU general insurer employees irked with move to link pay with performance

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers

UK needs to cut 200,000 govt jobs over next few years to avoid debt spiral

Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in 2021.

Fitch affirms Bank of Baroda, subsidiary at 'BBB-' with stable outlook

Action factors in a high likelihood of sovereign support to the public sector lender; rating agency says profitability to rise further; high loan growth to resume

There's a sea change in public sector cloud in India: AWS' Rahul Sharma

Digital India's mindset acted as a catalyst to bring this transformation of citizen-facing services, says Rahul Sharma, Regional Head, AWS India