In projects which are for social good, profitability becomes a necessary evil. Several of the public sector organisations may have been created with some social cause and that hasnumbed their accountability to ROI. In earlier years it may have been useful since most of these were monopolies and profitability came due to lack of competition....
Tag: public sector
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Smart Cities Workshop | Revenue Generation and Procurement Agenda
How do you unleash innovation in your city? How can you benefit from innovation in other cities? Cities that can enable vibrant business ecosystems and find the best ways of serving their citizens will succeed in digital transformation.
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Govt mulls penalty for call drops
As the call drop menace refuses to subside, the government is now weighing the option of slapping a penalty on telecom operators. Individual letters are to be shot off to company promoters to convey the concerns raised by Prime Minister Narendra Modi.
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Neyveli Lignite to set up 600 MW solar power capacity
Public sector lignite mining and power generating company, Neyveli Lignite Corporation (NLC), has plans to set up units producing 600 MW solar power. The company has been recently looking at solar and wind, besides, coal as options of fuel, with plans to take total power generation capacity to 12,221 MW from its current 2,740 MW.
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Crude oil output falls in Aug 2014
IndiaĆĀ“s crude oil refinery output declined 4.3 per cent to 18.55 million tonne (mt) in August 2014, continuing the downfall for the fifth straight month.
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Govt may hold capital infusion until market stabilises
Unconfirmed reports indicate that the government may wait for the stock market to stabilise before infusing capital into state-run banks. The government feels that the chances of losing huge amount of money is lower once the stock prices reach a stable
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ADB plans to lend $10 bn to public sector
Reports suggest that Asian Development Bank (ADB), the Manila-based multilateral development bank, plans to lend around $10 billion to the Indian public sector between 2012-2017 and $2 billion to the private sector in this period. It is also learnt that the bank is holding talks with the central government on its country strategy paper for India