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PNB reports Q2 net profit at Rs 620.81 crore, asset quality improves

By
LO Bureau
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Punjab National Bank (PNB) on Monday reported a net profit of Rs 620.81 crore for the July-September quarter.

During the same period last year, the bank had reported a net profit of Rs 507.05 crore. However, the merger of Oriental Bank of Commerce and United Bank of India with PNB had not taken place then, so, the figures are not comparable, PNB said in a regulatory filing. The amalgamation came into effect on April 1 this year.

Its gross non-performing asset at the end of the quarter ended September stood at 13.43 per cent, compared to 16.76 per cent during the same period of the last financial year when the merger did not take place.

The state-run bank’s interest income during the period under review stood at Rs 20,945.84 crore.

Alok K. Gupta takes over as Managing Director & CEO of ONGC Videsh

By
LO Bureau
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Alok K. Gupta has taken over as Managing Director & CEO of ONGC Videsh, the international petroleum company of India and the overseas arm of national oil and gas major ONGC. Before getting elevated to MD, he has been the Director (Operations) of ONGC Videsh, where he has been relentless in framing future strategies for the company in different global geographies amidst the unprecedented challenges imposed by COVID-19 pandemic.

M P Mishra takes over as Director (Projects and Technical), NALCO

By
LO Bureau
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Manasa Prasad Mishra, has taken over as the new Director (Projects & Technical) of National Aluminium Company Limited (NALCO). Prior to this assignment, he was serving in the Company as Executive Director of Smelter and Power Complex at Angul.

BEML bags SKOCH award to contain Covid-19

By
LO Bureau
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BEML LIMITED, a Schedule ‘A’ Company under Ministry of Defence, Govt. of India, received the prestigious SKOCH Award in Gold Category, for outstanding work in response to contain Covid-19 at an event at Delhi. Dr Deepak Kumar Hota, CMD, BEML received the award at a virtual award ceremony. SKOCH Foundation recognizes People, Project and Institutions that go the extra mile to make India a better nation.

To combat Covid-19, BEML implemented various standard operating procedures as advised by the government such as regular sanitisation, maintaining social distance and offering sanitisor at work places, distributing mask & medical kits through BEML Women’s Association. BEML also opened Covid Care Center for the employees and their families for the treatment of those affected by the virus.

BEML propagated good health practices by putting up hoardings, banners and other related information materials. Social Media platforms were used to spread awareness about precautionary measures to stay safe & healthy.

Apart of this, BEML through its Standard Operating Procedures (SOP) provided guidelines to break the chain of corona virus and to resume work in its plants and townships.The award was given to BEML on the evaluation of peer & Jury and number of votes received.

Saroj Kumar Sadangi gets extension as CVO, CIL

By
LO Bureau
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The deputation tenure of Saroj Kumar Sadangi (IRSS:1988) as CVO, Coal India Ltd. (CIL), Kolkata has been extended for a period of one year beyond 31.07.2020 i.e upto 31.07.2021 or until further orders.

S K Satpute gets extension as Director, DPIIT

By
LO Bureau
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The deputation tenure of Sushil Kamlakar Satpute (IOFS:1999) as Director, Department of Promotion of Industry and Internal Trade has been extended for a period of two years beyond 30.08.2020 or until further orders.

Arvind Kumar gets extension as Director, D/o Social Justice and Empowerment

By
LO Bureau
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The deputation tenure of Arvind Kumar (ITS:2000) as Director, Department of Social Justice and Empowerment has been extended for a period of one year beyond 20.09.2020 or until further orders.

Suneesh Buxy gets extension as DIGF, M/o EF&CC

By
LO Bureau
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The deputation tenure of Suneesh Buxy (IFoS:1998:AGMUT) as DIGF in the Ministry of Environment, Forest and Climate Change has been extended for a period of 2 years i.e upto 14.10.2022.

D P Majhi gets extension as Director, Dr. Ambedkar Foundation

By
LO Bureau
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The deputation tenure of D P Majhi (CSS-SO:1995) as Director, Dr. Ambedkar Foundation under the Department of Social Justice and Empowerment has been extended for a period beyond 04.10.2020 and upto 31.07.2021.

Minimum government, maximum governance : PMs mantra to IAS probationers

By
LO Bureau
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Prime Minister Narendra Modi, while addressing the IAS probationers, via video conferencing, advised them to take decisions in the national interest by following the mantra of ‘minimum government and maximum governance’. He was addressing from Kevadiya in Gujarat, where he also paid tributes to Sardar Vallabhai Patel on his 145th birth anniversary.

Modi told the probationers that they were entering the service at a crucial juncture when India is about to enter the 75th year of its Independence. He emphasized on a people friendly approach in governance as governments not only run on policies alone but on people who are real driving force and not just the receiver of the government’s policies and programmes.

He further advised the future bureaucrats to reduce their interference and ensure empowerment of common people.

He requested them to always take decisions in the national interest and meant to strengthen the unity and sovereignty of the country for keeping India’s constitutional spirit high.

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