The Appointments Committee of Cabinet (ACC), on Thursday cleared the appointment of a numbers of officers as Chief Vigilance Officer (CVO) in the various Public Sector Undertakings (PSUs).
They are ;
Vinay Kumar Singh (IRS-C&CE:1997) has been appointed as CVO, Project Equipments Corporation Ltd. (PEC), Delhi for a period of three years.
Manisha Saxena (IRS-C&CE:2000) has been appointed as CVO, Indian Renewable Energy Development Agency Ltd (IREDA), Delhi for period of three years.
Chandrani Gupta (IES:2007) has been appointed as CVO in The Braithwaite, Burn & Jessop Construction Company Ltd (BBJ), Kolkata under the Department of Heavy Industry for a period of three years.
Anil Kumar Agrawal (ITS:1998) has been appointed as Common CVO in Rajasthan Electronics & Instruments Ltd. (REIL), ILK, HSL & SSL, Jaipur for a period of three years.
A Chandra Sekhar Reddy has been promoted to the grade of Joint Commissioner of Customs & Central Excise on ad-hoc basis. Reddy will assume the charge of the post of Joint Commissioner in the same office where he is currently posted.
Nitish Kumar Sinha (IRS-C&CE:1991) has been posted as OSD (Drawback) in CBIC till such time a substitute is posted or until further orders. Consequent upon his promotion to the grade of Principal Commissioner of Customs and Central Excise, Nitish Kumar Sinha, who was working as Joint Secretary (Drawback), has been repatriated by Revenue Hqrs and officer has joined in CBIC on 27.10.2020.
Dasari Balaiah (IRS-C&CE:2008) has been appointed to the post of Passport Officer in Passport Office, Hyderabad under the Ministry of External Affairs on deputation basis for a period of three years.
Jagreet Singh Negi-II has been posted as Pr. ADG, DG ARM (RDM), Mumbai. Prior to this assignment, he was serving as Commissioner (Appeals), Mumbai Zone-II Customs with additional charge of Commissioner (Appeals), Mumbai Zone-I Customs.
Sandeep Prakash has been transferred from DGGI Delhi Hqrs. and posted as Principal Commissioner (RA), Delhi. He will continue to look after the additional charge of the post of Director, CRCL.
Dileep Kumar Yadav (IAS:2014:MP), Additional Collector, Bhopal has been given additional charge of the post of Administrator, Madhya Pradesh Waqf Board, Bhopal.
The tenure of Sandeep Arya (ITS:1997) as Director, Official Language under the Ministry of Home Affairs, has been curtailed on his selection to the post of Assistant Director General in Unique Identification Authority of India (UIDAI) for a period ending 23.10.2023 (i.e. total admissible tenure of seven years on both the stints i.e. CSS and non-CSS put together).
State-run Power Finance Corporation (PFC) on Thursday reported a 72 per cent jump in its consolidated net profit at Rs 4,290 crore in the July-September quarter on account of higher revenues.
Its net profit was Rs 2,497 crore in the quarter ended September 30, 2019, a BSE filing said.
Total income of the company rose to Rs 18,171.41 crore in the said quarter from Rs 15,537.55 crore in the same period a year ago.
Commenting on the results, PFC Chairman and Managing Director R S Dhillon said, “It has been a quarter of stable performance for PFC despite tough economic conditions due to COVID pandemic. We ended the second quarter with 40 percent growth in interest income while our (standalone) net profit rose by 80 per cent in this period.”
The standalone net profit of the company rose to Rs 2,085.05 crore in the September quarter from Rs 1,157.26 crore in the same period a year ago.
Dhillon further said, “Even though our project based disbursements have been impacted due to COVID, the government”s liquidity package for DISCOMs enabled us to maintain our growth momentum. A key highlight for this quarter has been PFC”s cost of funds, which has consistently come down in a falling interest rate scenario. At the same time, we have been able to maintain overall yield on our portfolio.”
PFC and its subsidiary REC Ltd together have sanctioned loans worth Rs 1.18 lakh crore under the Rs 1.2 lakh crore liquidity package for discoms announced by the government in May this year.
Further, he said that with resolution of stressed assets, consolidated net NPA (bad loan) ratio has fallen 129 basis points to 2.60 pe cent as on September 30 from a year ago.
Keeping the pandemic induced challenges and uncertainties in mind, the company will continue to focus on T&D (transmission and distribution) and renewable business.
It will also be prioritising lending under the DISCOM credit package in line with Government of India”s directions, he added. (PTI)
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