Three people have been taken into custody by the Shimla police in connection with a letter that was circulated on social media, accusing an IAS officer of corruption. The letter was allegedly written by a BJP worker. The IAS officer, who is currently posted in Shimla, has denied the allegations and filed a complaint with […]
New Delhi– In a significant stride towards advancing power infrastructure, Power Finance Corporation(PFC) and Damodar Valley Corporation (DVC) have successfully executed a Loan Agreement amounting to ₹4,527.68 crore. This agreement is earmarked for the realization of the ambitious 2 x 660 MW Raghunathpur Phase II project, located in West Bengal. The signing took place in […]
Here are the details of the irregularities in the finance division of the NHA The Comptroller and Auditor General (CAG) of India has flagged several irregularities in the finance division of the NHAI, including:Unauthorised expenditure of crores of rupeesNon-utilisation of fundsMisappropriation of fundsTendering irregularities The Parliamentary Committee on Public Undertakings (COPU) has also raised concerns […]
Continuing its thrust to augment resources for the energy transition in India, the State-owned PFC on 17th Aug has signed a loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 1.85 Bn. This loan agreement was signed under the long-term facility of JPY 30 Billion provided by JBIC to PFC. The loan proceeds […]
Smt. Parminder Chopra has been appointed as Chairman and Managing Director (CMD), of Power Finance Corporation Limited (PFC) by Govt. of India w.e.f. 14th August, 2023. Previously, she was holding the additional charge of Chairman and Managing Director (CMD), w.e.f 01.06.2023 and was Director (Finance), PFC since 01.07.2020. With this, Smt. Chopra becomes the first […]
