New KRAs added to CPSE brass’ appraisal

New KRAs added to CPSE brass’ appraisal

Top management of central public sector enterprises and their subsidiaries will be assessed for the performance of their companies in the areas of capital expenditure, asset and land monetisation, and project implementation to determine their salary increase from 2022-23, officials said. Implementation of revised appraisal guidelines means that chairman and managing director as well as … Read more

Tender need not be scrapped, if qualified bids not from countries sharing a land border with India: Government

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The government has said if the qualified bids are not from countries sharing a land border with India post first qualificatory stage, then the tender need not be scrapped. India had on Thursday issued an order imposing restrictions on procurement from China, amid heightened tensions at the border. The order had stated that if the … Read more

Firms from countries sharing land border with India can’t bid for govt contracts

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The move follows border tensions between India and China in which 20 Indian soldiers were killed. India had in April made prior government clearance mandatory for all Chinese foreign direct investment. SynopsisThe move largely directed at Chinese companies makes prior registration with Competent Authority mandatory for any bidder from these countries before they apply for … Read more

Finance Minister Nirmala Sitharaman asks heads of 23 CPSEs to boost capex plans

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As part of the government’s plan to accelerate economic growth, finance minister Nirmala Sitharaman urged central public sector enterprises (CPSEs) to boost their capital expenditure (capex) and achieve their targets, in a virtual meeting on Tuesday. Sitharaman said CPSEs played an important role in pushing the economy forward while reviewing their performance, adding that a … Read more