N Rly GM inspects NR's Mechanical Workshop at Jagadhari & Kalka
GM of Northern Railway (NR), Vishwesh Chaube undertook an inspection of Northern Railway's Mechanical Workshops at Jagadhari and Kalka on Wednesday as part of his annual schedule. He interacted with officials at Jagadhari Workshop and was briefed of the various functioning units there. Undertaking an extensive inspection of the Workshop premises, the GM visited the Roller bearing Shop, Wagon Shop, lHB Shop, Air Brake section and Store Depot. He also planted sapling of air-purifying plants at the premises. Going through the various issues of the Workshop, Chaube directed officers to look into them meticulously and address grievances of staff expeditiously. He was accompanied by Dinesh Kumar, DRM, NR, Ambala, Arun Arora, CME, NR, Angraj Mohan, Chief Personnel Officer, NR, Chief Works Manager RK Sengar, Senior EDPM and Deputy CPO Rajiv Bajaj.
REC raises $400 Million through Dollar Bonds in london
REC concluded a $400 million Reg S bonds deal in london on last Monday. The bond is priced at 115 basis points over three years US Treasury and is for refinancing the existing ECB, being first of its kind by any Indian PSU. The equivalent pricing of 6M libor plus 83bps spread is the best for any Indian PSU in the last decade. REC priced its bond at the tighter end of the pricing guidance, highlighting a strong appetite from investors. This is the second international bond transaction by REC this year. The company had successfully raised green bonds of $450 million in July this year, first of its kind and at the tightest spread at that time by any Indian PSU.
AAI to assist Haryana in creating world class int'l aviation hub at Hisar
AAI has signed a Memorandum of Understanding (MoU) with the Government of Haryana for development of civil aviation infrastructure in the state especially for the creation of a world class international aviation hub at Hisar. The MoU was jointly signed by Ashok Sangwan, Advisor Civil Aviation, Civil Aviation Department (DCA), Government of Haryana and Anil Gupta, General Manager (Business Development) AAI in the presence of other officials on last Monday. Speaking on the occasion, Ashok Sangwan appreciated the role of AAI in creating, upgrading, maintaining and managing civil aviation infrastructure and airspace in the country. Anil Gupta, GM (Business Development) AAI, reiterated AAI's commitment in assisting the Govt of Haryana for creating and developing world class civil aviation infrastructure in the state.
SCOPE organises Health Awareness Programme for PSUs
SCOPE, the apex body of PSUs, organised Multispecialty Interactive Session on Heart Care, Stress Management, Cancer Prevention and Women Care for the employees of Public Sector Enterprises at its SCOPE Convention Centre. Renowned doctors like HK Chopra (Cardiology), PK Julka and Harit Chaturvedi (Oncology), Manju Hotchandani and Anuradha Kapoor (Gynecology), Manoj Kumar (Orthopedics) and other specialists interacted with PSU employees. While welcoming them, Dr UD Choubey, Director General, SCOPE highlighted the need of prevention of stress related diseases in public sector enterprises. On the occasion, a preventive health check up camp was also organised for PSU employees.
Pradhan opens India-ASEAN Strategic Partnership & Act East Policy meet
A conference titled India-ASEAN Partnership@25was held on Wednesday. The event was organised by Kalinga International Foundation (KIF), a think-tank that brings together the east and north-eastern region of India with our neighbours, the ASEAN states and the wider Indo-Pacific region (details about KIF given below). Petroleum Minister Dharmendra Pradhan was the chief guest at the inaugural session. Pradhan spoke of Odisha's deep interactions seeped in history with South-East Asia.The inaugural session called the India-ASEAN Strategic Partnership and the Act East Policy was followed by a session on Economic Co-operation with ASEAN, Regional and Bilateral Co-operation, Security Challenges, and The Importance of the North East and Eastern Region of India for the Act East Policy. “Our interactions over centuries have extended beyond Indonesia to includeexpressions of shared heritage and culture that are dotted across the region and findexpression in strands of everyday life of the people. Historically and culturally, the links between India and South-East Asia have been deep and profound,” Pradhan said.