Babus can be assessed on past performances; Centre tweaks rule

Delayed submission of employees confidential report will not be a hindrance for promotion and they will be assessed on the basis of overall record and self-assessment of the year, the Centre has......

Swaraj pips Modi for number of gifts received in Oct-Dec

The ministry of external affairs has released the list of gifts received by the Narendra Modi government till December 2014, and it makes for interesting reading. For those not in the know, all......

Why public sector companies are unable to attract talent for higher posts

The reasons why these company bosses often functioned as employees rather than owners was that their compensation was not linked to performance. Subhomoy Bhattacharjee reports. Illustration:......

Govt seeks to improve disclosures by PSUs, asks for monthly data on capex

The Centre is looking to improve disclosures made by public sector undertakings (PSUs), and has asked such companies to share monthly progress made on capital expenditure targets and corporate......

In 75th year of Independence, govt may shut down British India Corp

Once the iconic red-brick building of British India Corporation (BICL), which manufactured the popular “Lal-Imli” brand of woollen products, made Cawnpore (now Kanpur) the Manchester of......

PSUs get more teeth; can decide on closure, divestment

The Cabinet on Wednesday empowered boards of state-owned companies to decide on the closure and divestment of units/subsidiaries. Illustration: Dominic Xavier/Rediff.com Presently, the Board of......