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Tag: Government of India

  • Government companies will not be sold now

    Government companies will not be sold now

    Government companies will not be sold to private companies and industrialists (privatization). Instead of selling PSU, the central government will take measures to improve their profits and earn revenue from these companies.

    According to media reports, the central government is now preparing to put the privatization program on hold. Previously, the Modi government had made an ambitious plan to privatise government companies. It was believed that the government could forward rapidly privatisation in the third term. But now the government has indicated to withdraw from this scheme.

    Plan for government companies

    As per the report from government sources, the government is working on a plan to improve the profits of more than 200 government companies. According to sources, Finance Minister Nirmala Sitharaman may announce a new scheme in the general budget to be presented on July 23. This includes selling a large portion of unused land held by companies and monetization of other assets.

    Its objective is to raise $24 billion i.e. about Rs 2 lakh crore in the current financial year 2024-24. Moreover, this amount will be re-invested in PSU. Under the new scheme, instead of short-term targets, 5-year performance and production targets can be set for each government company. An official said the government is now shifting its focus from indiscriminate asset sales to enhancing the intrinsic value of PSU.

    According to the plan announced in the year 2021, two banks, an insurance company and a PSU in the steel, energy and pharmaceutical sectors were to be sold. Also, loss-making companies were to be closed. However, the government was successful in selling only debt-ridden Air India to the Tata Group. Therefore, the government had to withdraw plans to sell some other companies. Only 3.5% of LIC’s stake has been sold. Moreover, shares of some other companies have been sold. Now the central government also wants to start a succession plan in its majority-owned companies. Besides, there is also a proposal to provide training to 2.30 lakh managers. Moreover, these managers will be prepared for senior roles in these companies.

    Plan Financial Freedom

    List of Government companies in India

    In India, government-owned companies, often referred to as Public Sector Undertakings (PSUs), operate in various sectors. Furthermore, the ownership of PSUs allows the Indian government to steer the economy towards its developmental goals, ensure national security, promote social welfare, and maintain control over strategic resources and sectors. Here are some notable examples:

    Central Public Sector Enterprises (CPSEs)

    1. Oil and Natural Gas Corporation (ONGC). It is the largest government-owned oil and gas explorer and producer in the country. Furthermore, it produces around 70% of India’s domestic production of crude oil and around 84% of natural gas.
    2. Indian Oil Corporation (IOC). Moreover, IOCL is the biggest government company in India in terms of Revenue. 
    3. Steel Authority of India Limited (SAIL). Moreover, SAIL is the biggest Iron and Steel company under the ownership of the Government of India.
    4. Bharat Heavy Electricals Limited (BHEL)
    5. National Thermal Power Corporation (NTPC)
    6. Coal India Limited (CIL). Moreover, Coal India is the biggest Coal Mining and Producing country in India. 
    7. Gas Authority of India Limited (GAIL)
    8. Bharat Petroleum Corporation Limited (BPCL). It is one of the largest government-owned companies which produces oil.
    9. Hindustan Petroleum Corporation Limited (HPCL)
    10. Power Grid Corporation of India Limited (PGCIL)
    11. Neyveli Lignite Corporation Limited (NLC)
    12. Bharat Electronics Limited (BEL)

    Banks and Financial Institutions

    1. State Bank of India (SBI). Moreover, State Bank is the biggest bank in India in terms of revenue, profit and number of branches.
    2. Punjab National Bank (PNB)
    3. Bank of Baroda (BoB)
    4. Life Insurance Corporation of India (LIC). Moreover, LIC is the biggest insurance company in India which holds more than 50% market share in life insurance and other insurance products. 
    5. National Bank for Agriculture and Rural Development (NABARD)
    6. Export-Import Bank of India (Exim Bank)

    Government Companies in Transportation

    1. Indian Railways
    2. Air India
    3. Shipping Corporation of India (SCI)
    4. Airports Authority of India (AAI)

    Telecommunications

    1. Bharat Sanchar Nigam Limited (BSNL)
    2. Mahanagar Telephone Nigam Limited (MTNL)

    Defence

    1. Hindustan Aeronautics Limited (HAL)
    2. Bharat Dynamics Limited (BDL)
    3. Mazagon Dock Shipbuilders Limited (MDL)
    4. Garden Reach Shipbuilders & Engineers Ltd (GRSE)

    Infrastructure and Construction

    1. National Highways Authority of India (NHAI)
    2. National Buildings Construction Corporation (NBCC)

    Mining and Metals

    1. National Aluminium Company Limited (NALCO)
    2. Hindustan Copper Limited (HCL)
    3. Manganese Ore India Limited (MOIL)

    Agriculture

    1. National Fertilizers Limited (NFL)
    2. Rashtriya Chemicals & Fertilizers (RCF)

    Government companies in the Energy sector

    1. Nuclear Power Corporation of India Limited (NPCIL)
    2. Power Finance Corporation (PFC)
    3. Rural Electrification Corporation (REC)

    These companies play significant roles in India’s economy, contributing to infrastructure development, energy production, manufacturing, and financial services.

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  • Government of India Websites

    Government of India Websites

    Government of India websites are to enhance accessibility to essential government services and information. These platforms serve as invaluable resources for citizens providing information, services, and updates across various sectors and departments.

    In our rapidly evolving digital landscape, these websites are pivotal in fostering transparency, accountability, and citizen engagement. Whether seeking information about government schemes, exploring educational opportunities, or accessing essential services, these platforms offer comprehensive solutions tailored to meet diverse needs.

    We believe that by familiarizing yourself with these Government of India websites, you’ll gain greater insight into government initiatives, policies, and services, empowering you to make informed decisions and avail yourself of the benefits provided by the government.

    Purpose of the Government of India Websites

    The Government of India websites serve several purposes, aimed at facilitating governance, transparency, citizen engagement, and the dissemination of information. Here are some key purposes:

    1. Information Dissemination: Government websites provide citizens with access to information about government policies, programs, services, and initiatives. This includes details about various schemes, laws, regulations, and administrative procedures.
    2. Transparency and Accountability: By making information readily available online, government websites promote transparency and accountability in governance. Citizens can access documents such as reports, budgets, and audits to hold the government accountable for its actions.
    3. Citizen Services: Many government services are now accessible online through government portals, making it easier for citizens to avail themselves of services such as applying for passports, licenses, and permits, and accessing welfare schemes.
    4. Communication and Interaction: Government websites serve as platforms for communication and interaction between the government and citizens. They often include features such as feedback mechanisms, grievance redressal systems, and helpline numbers to facilitate dialogue and engagement.
    5. E-Governance Initiatives: Government websites are integral to e-governance initiatives aimed at leveraging technology to improve the efficiency, accessibility, and effectiveness of government services and processes.
    6. Promotion of Initiatives: Government websites are used to promote various government initiatives, campaigns, and programs aimed at social welfare, economic development, environmental conservation, and other national priorities.
    7. Education and Awareness: Government websites play a role in educating citizens about their rights, responsibilities, and opportunities. They provide resources such as educational materials, research reports, and awareness campaigns on various issues.
    8. Facilitation of Business and Investment: Some government websites cater to businesses and investors by providing information on regulatory frameworks, investment opportunities, trade policies, and business support services.

    Overall, the purpose of the Government of India websites is to facilitate effective governance, enhance citizen engagement, promote transparency, and provide easy access to government services and information.

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    Indian Government Websites

    There are several resources to find Indian government websites:

    • Integrated Government Online Directory (iGOD) (https://igod.gov.in/) This is a comprehensive directory of all Indian government websites, including central and state government websites. You can search for websites by category, sector, or organization.
    • National Portal of India (https://www.india.gov.in/) This is the official central government website, providing information on various government ministries, departments, schemes, and initiatives.
    • MyGov (https://www.mygov.in/) This is a citizen engagement platform of the Government of India. Here you can find information on government programs, participate in discussions, and submit feedback.

    Ministry Websites 

    Each ministry of the Government of India has its website. You can find links to ministry websites on the National Portal of India or here for the specific ministry you’re interested in.

    1. Ministry of Home Affairs (MHA): The Ministry of Home Affairs is responsible for internal security, border management, and administration of Union Territories. https://www.mha.gov.in/
    2. Ministry of External Affairs (MEA): The Ministry of External Affairs is responsible for the country’s foreign relations and diplomacy. https://mea.gov.in/
    3. Ministry of Finance: This ministry oversees matters related to finance, including budgeting, taxation, and fiscal policy. https://www.finmin.nic.in/
    4. Ministry of Defence: Responsible for matters related to the country’s defence and armed forces. https://www.mod.gov.in/
    5. Ministry of Health and Family Welfare: Deals with public health, healthcare facilities, and family welfare programs. https://www.mohfw.gov.in/
    6. Ministry of Education (formerly Ministry of Human Resource Development): Oversees education policies and programs in India. https://www.education.gov.in/
    7. Ministry of Rural Development: Implements rural development programs and policies. https://rural.nic.in/
    8. Ministry of Women and Child Development: Formulates policies and programs for the welfare and development of women and children. https://www.wcd.nic.in/
    9. Ministry of Electronics and Information Technology (MeitY): Deals with matters related to information technology, electronics, and the internet. https://www.meity.gov.in/

    Most visited Government of India Websites

    Determining the absolute most visited Government of India website can be challenging as precise traffic statistics may not be publicly available or regularly updated. However, certain government websites tend to attract significant traffic due to their importance and the services they offer. Based on current trends (as of March 2024), here are some of the most visited Government of India websites:

    1. UIDAI (aadhaar.gov.in): This website deals with Aadhaar, a unique identification program for Indian residents. With over 93.97 million visits monthly, it holds the top spot.
    2. Parivahan (parivahan.gov.in): This website is related to transport services, including vehicle registration and driving licenses. It sees around 58.96 million visits a month.
    3. India Post (indiapost.gov.in): The official website of India Post receives approximately 55.91 million visits monthly.
    4. EPFO (epfindia.gov.in): This website pertains to the Employees’ Provident Fund Organisation, managing social security for Indian workers. It has seen a significant rise in visits (39.69% increase) and currently receives 48.38 million visits monthly.
    5. Income Tax Department: This website is a valuable resource for taxpayers, providing information on income tax laws, filing procedures, and tax-related services. It offers e-filing facilities and tools for taxpayers to check their tax status and refunds. Its traffic is around 80,719,790 per month. https://www.incometaxindia.gov.in/

    Apart from these Ministry of Railways websites and IRCTC, Passport Seva are some of the most visited websites. It’s important to note that website traffic can fluctuate depending on various factors. These are just some of the most visited sites at this time.

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  • Bharat Rice is launched at Rs 29/kg to relieve rising prices.

    Bharat Rice is launched at Rs 29/kg to relieve rising prices.

    Bharat Rice is launched to provide relief from rising prices. Launching the subsidized rice available in 5 kg and 10 kg packs, Food and Consumer Affairs Minister Piyush Goyal said the government is striving to ensure that daily food items are available to the common people at affordable rates. The government on Tuesday launched Bharat Rice at a concessional rate of Rs 29 per kg. This step has been taken by the government to provide relief to consumers after the 15% increase in grain prices in the last few days.

    Launching the subsidized rice, Food and Consumer Affairs Minister Piyush Goyal said “Wholesale intervention (steps taken to control prices) were not benefiting many people, so retail intervention under the Price Stabilization Fund (PSF) was introduced”.

    Bharat Rice Launch

    Prices of tomatoes and onions came down due to the government’s efforts.

    Piyush Goyal said that to provide relief to middle-class consumers and those below poverty, rice under the ‘Bharat Brand’ will be sold at the rate of Rs 29 per kg in the retail business. Moreover, for every kg of ‘Bharat Rice’, there will be 5 % broken rice. Goyal said the government’s efforts have helped in bringing down the prices of tomatoes and onions sharply.

    Goyal said, ‘Ever since we started selling ‘Bharat Atta’, there has been zero price rise for wheat in the last six months. Additionally, we will see the same effect in Bharat Rice. Moreover, the minister emphasized that the prices of commodities going on the plates of middle-class people are quite stable. Goyal said that the government is active in providing daily needs at affordable rates. He also flagged off 100 mobile vans selling ‘Bharat Rice’ and distributed 5 kg packs to five beneficiaries.

    Bharat Rice and other products

    Where and at what price is Bharat Rice available?

    FCI will provide 5 lakh tonnes of rice to NAFED, NCCF and Kendriya Bhandar in the first phase.

    FCI

    Food Corporation of India is the full form of FCI. Furthermore, it is a statutory body under the Ministry of Consumer Affairs, Food and Public Distribution.

    The FCI’s functions include:

    • Buying food grains and other foods from farmers at a minimum purchasing price
    • Operating in five zones across India
    • Ensuring food security for the country
    • Recruiting a large number of young people every year

    NAFED

    NAFED is the National Agriculture Cooperative Marketing Federation of India. It is a marketing cooperative for agricultural produce in India. Furthermore, it is controlled by the Minister of Agriculture of the Government of India.

    It is registered under the Cooperative Societies Act and is one of the largest procurers and marketing agencies for agricultural products in India.

    NCCF

    NCCF stands for National Cooperative Consumers’ Federation of India. Moreover, it’s the apex body of consumer cooperatives in India. The NCCF is the top body of consumer cooperatives in India. 

    NCCF’s main objectives are to:

    • Promote the consumer cooperative movement in India
    • Support consumer cooperatives and other distributing agencies
    • Provide technical guidance and assistance to consumer cooperatives
    • Facilitate the voluntary formation and democratic functioning of cooperatives
    • Help cooperatives function based on self-reliance and mutual aid
    • Help cooperatives achieve overall economic betterment and financial autonomy 

    Kendriya Bhandar

    Kendriya Bhandar is a cooperative society that sells groceries, consumer items, stationery, and office equipment. Furthermore, it was established by the Central Government of India as a welfare project for employees and the public. Kendriya Bhandar’s head office is in Delhi and it has several branches across India. 

    Objectives of the Kendriya Bhandar are to:

    • Obtain, distribute, and market food, essential commodities, and other consumer goods at reasonable prices.
    • Supply grocery and consumer items to hotels, hostels, hospitals, canteens, and guest houses.
    • Offer credit facilities to regular customers by opening credit accounts.

    Some say that Kendriya Bhandars offer 28–30% cheaper prices than large retail stores. 

    These agencies will further pack the rice in 5 kg and 10 kg packs and retail through their outlets under the ‘Bharat’ brand. Bharat Rice will also be sold through e-commerce platforms.

    The government expects ‘Bharat Rice’ to be as popular as ‘Bharat Atta’.

    The government started retail sales of Bharat Rice. Because it was not getting encouraging results on selling rice at a flat rate to bulk users through the Open Market Sale Scheme (OMSS).

    Now the government is hopeful that like Bharat Atta, ‘Bharat Rice’ will also get a good response. Bharat Atta is being sold through the same agencies at the rate of Rs 27.50 per kg and ‘Bharat Chana’ at Rs 60 per kg.

    Sharing his personal experience, Goyal said that he has started using ‘Bharat Dal’ and ‘Bharat Atta’ and both are very tasty. Moreover, he said, “I have now bought ‘Bharat Rice’. This will also be of good quality. In response to a question related to the pricing of Bharat Rice, Goyal said that it has been analyzed accurately. Furthermore, this is an active government.

    Despite export restrictions and bumper production in 2023-24, retail prices of rice are still not under control. Hence, the government has asked retailers, wholesalers, processors and large retail chains to disclose their stocks to prevent hoarding.

    Ministers of State for Consumer Affairs Sadhvi Niranjan Jyoti and Ashwini Choubey, Food Secretary Sanjeev Chopra, Consumer Affairs Secretary Rohit Kumar Singh and Food Corporation of India (FCI) CMD Ashok K Meena were present at the event to launch Bharat Rice, among others.

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