#Banking And PSU Fund

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Invest in Banking and PSU Fund in India | Bajaj Finserv Mutual Fund

Bajaj Finserv Banking and PSU Fund NFO - A new investment opportunity to diversify your portfolio with top Investment opportunities, Explore now & Start investing today.

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[ad_1] PSU-themed mutual funds have posted negative returns of up to 12% over the last three months. Six PSU mutual funds have made their presence felt in the market during this period.Quant PSU Fund, a recent entrant in the category, lost the most, around 11.58%, over the last three months. The scheme was launched in February 2024. CPSE ETF, a passive fund based on the PSU theme, lost approximately 10.14% during the same period. Also Read | Over 200 debt mutual funds gave higher returns than bank FDs. Time to break your deposits?Aditya Birla SL PSU Equity Fund posted a negative return of around 8.55% during the mentioned period. Invesco India PSU Equity Fund and ICICI Pru PSU Equity Fund lost approximately 6.98% and 6.80%, respectively, over the last three months. SBI PSU Fund recorded a negative return of about 6% in the same period.After a stellar performance for quite some time, the important question now is: Are these funds losing their mojo? What factors have contributed to this recent underperformance by PSU funds?An expert believes that the recent underperformance is due to the market correction, global economic uncertainty, and profit booking following aggressive rallies in most sectors. However, instead of focusing on ‘flavor of the month’ funds, one should focus on flexi-cap and multi-cap funds.“PSUs have underperformed due to market corrections, global economic uncertainty, and profit booking following aggressive rallies in most sectors. However, this does not make these funds irrelevant for long-term investors, as these initiatives are driven by infrastructure development, as well as energy and defense sectors supported by the government. Investors should focus on quality PSUs with strong fundamentals and growth potential,” said Rajesh Minocha, a Certified Financial Planner (CFP) and founder of Financial Radiance.“When I look at the performance of funds, I do not focus on short-term performance. 'Flavour of the month' type of funds tend to disappoint over the long term. My recommendation for investors has been to consider funds that provide flexibility to the fund managers in identifying which categories they want to opt for. Therefore, investors should consider funds like flexi-cap and multi-cap funds. The effort should be on selecting good fund managers who have the research and expertise to make the right choices,” he adds.In the last month, PSU funds have offered negative average returns of around 7.87%. Invesco India PSU Equity Fund saw the maximum loss of around 8.72% in the last month.Aditya Birla SL PSU Equity Fund and SBI PSU Fund lost 8.66% and 7.85%, respectively, during the same period. The other schemes lost between 7.03% and 7.71%.After the recent negative performance of these funds, the expert advises investors to offload and reduce their exposure, but not to panic. Instead, they should remain cautious. It is important to avoid overexposure to a single theme or sector, and PSU funds should be considered as part of a balanced portfolio. Additionally, investors should monitor budget announcements for potential opportunities and risks.Also Read | 40 equity mutual funds offered over 20% CAGR in three and five years“Investors who are heavily focused on these funds and have invested based on past short-term returns, expecting that trend to continue, should offload and reduce their exposure,” advises Minocha.“For those continuing to invest in PSU funds, there is no need to panic, but investors should remain cautious. While PSUs are integral to India's economic growth, their performance is often tied to government policies and market dynamics. Diversification is key; avoid overexposure to a single sector or theme. Consider holding PSU funds as part of a balanced portfolio and monitor budget announcements for opportunities or risks. Long-term investors should focus on quality PSUs with strong fundamentals,” he adds.“Investors should prioritize long-term investments and avoid focusing on past short-term returns. Staying invested for a longer period, focusing on 'time' rather than 'returns,' is the most important aspect of compounding,” he further adds.In 2024, PSU-themed funds offered stellar performance. The PSU sector created significant buzz in 2024 due to its strong financial performance, increased government focus on infrastructure development, and its pivotal role in various sectors.“Investor interest was fueled by the sector's attractive valuations, consistent dividend payouts, and robust earnings growth. Furthermore, PSUs benefited from heightened government capital expenditure and their critical involvement in executing major policy initiatives. These factors, combined with operational efficiencies and their strategic importance in driving India’s growth agenda, made PSUs a key highlight in the market during the year,” said Sagar Shinde, VP Research, Fisdom.The important question to address is whether these funds will make a comeback after recent underperformance. What does the upcoming budget hold for these funds?The expert believes that this budget will likely place heavy emphasis on PSU divestment, with other measures possibly including reforms in governance, debt restructuring, and transitions to green energy.“It is likely that this budget will focus heavily on PSU divestment to raise resources, coupled with targeted capital infusion in initiatives like energy, railways, and defence. Other measures may include reforms in governance, debt restructuring, and transitions to green energy. The goal is to improve efficiencies and align PSUs with the country’s long-term growth objectives, aiming for a developed India by 2047,” said Minocha.PSU funds are thematic funds that invest in stocks of public sector undertakings or PSUs, which are government-owned. Therefore, they are influenced by government policies related to the sectors they operate in.You should invest in these schemes only if you have a long investment horizon or possess in-depth knowledge of the sector to time your entry and exit effectively. Remember, sectors and themes can fall out of favor depending on economic conditions, so avoid making hasty decisions during such phases.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get them answered by our panel of experts. Please share your questions at ETMFqueries@timesinternet.in, along with your age, risk profile, and Twitter handle. [ad_2] Source link

[ezraworld1]

[ad_1] PSU-themed mutual funds have posted negative returns of up to 12% over the last three months. Six PSU mutual funds have made their presence felt in the market during this period.Quant PSU Fund, a recent entrant in the category, lost the most, around 11.58%, over the last three months. The scheme was launched in February 2024. CPSE ETF, a passive fund based on the PSU theme, lost approximately 10.14% during the same period. Also Read | Over 200 debt mutual funds gave higher returns than bank FDs. Time to break your deposits?Aditya Birla SL PSU Equity Fund posted a negative return of around 8.55% during the mentioned period. Invesco India PSU Equity Fund and ICICI Pru PSU Equity Fund lost approximately 6.98% and 6.80%, respectively, over the last three months. SBI PSU Fund recorded a negative return of about 6% in the same period.After a stellar performance for quite some time, the important question now is: Are these funds losing their mojo? What factors have contributed to this recent underperformance by PSU funds?An expert believes that the recent underperformance is due to the market correction, global economic uncertainty, and profit booking following aggressive rallies in most sectors. However, instead of focusing on ‘flavor of the month’ funds, one should focus on flexi-cap and multi-cap funds.“PSUs have underperformed due to market corrections, global economic uncertainty, and profit booking following aggressive rallies in most sectors. However, this does not make these funds irrelevant for long-term investors, as these initiatives are driven by infrastructure development, as well as energy and defense sectors supported by the government. Investors should focus on quality PSUs with strong fundamentals and growth potential,” said Rajesh Minocha, a Certified Financial Planner (CFP) and founder of Financial Radiance.“When I look at the performance of funds, I do not focus on short-term performance. 'Flavour of the month' type of funds tend to disappoint over the long term. My recommendation for investors has been to consider funds that provide flexibility to the fund managers in identifying which categories they want to opt for. Therefore, investors should consider funds like flexi-cap and multi-cap funds. The effort should be on selecting good fund managers who have the research and expertise to make the right choices,” he adds.In the last month, PSU funds have offered negative average returns of around 7.87%. Invesco India PSU Equity Fund saw the maximum loss of around 8.72% in the last month.Aditya Birla SL PSU Equity Fund and SBI PSU Fund lost 8.66% and 7.85%, respectively, during the same period. The other schemes lost between 7.03% and 7.71%.After the recent negative performance of these funds, the expert advises investors to offload and reduce their exposure, but not to panic. Instead, they should remain cautious. It is important to avoid overexposure to a single theme or sector, and PSU funds should be considered as part of a balanced portfolio. Additionally, investors should monitor budget announcements for potential opportunities and risks.Also Read | 40 equity mutual funds offered over 20% CAGR in three and five years“Investors who are heavily focused on these funds and have invested based on past short-term returns, expecting that trend to continue, should offload and reduce their exposure,” advises Minocha.“For those continuing to invest in PSU funds, there is no need to panic, but investors should remain cautious. While PSUs are integral to India's economic growth, their performance is often tied to government policies and market dynamics. Diversification is key; avoid overexposure to a single sector or theme. Consider holding PSU funds as part of a balanced portfolio and monitor budget announcements for opportunities or risks. Long-term investors should focus on quality PSUs with strong fundamentals,” he adds.“Investors should prioritize long-term investments and avoid focusing on past short-term returns. Staying invested for a longer period, focusing on 'time' rather than 'returns,' is the most important aspect of compounding,” he further adds.In 2024, PSU-themed funds offered stellar performance. The PSU sector created significant buzz in 2024 due to its strong financial performance, increased government focus on infrastructure development, and its pivotal role in various sectors.“Investor interest was fueled by the sector's attractive valuations, consistent dividend payouts, and robust earnings growth. Furthermore, PSUs benefited from heightened government capital expenditure and their critical involvement in executing major policy initiatives. These factors, combined with operational efficiencies and their strategic importance in driving India’s growth agenda, made PSUs a key highlight in the market during the year,” said Sagar Shinde, VP Research, Fisdom.The important question to address is whether these funds will make a comeback after recent underperformance. What does the upcoming budget hold for these funds?The expert believes that this budget will likely place heavy emphasis on PSU divestment, with other measures possibly including reforms in governance, debt restructuring, and transitions to green energy.“It is likely that this budget will focus heavily on PSU divestment to raise resources, coupled with targeted capital infusion in initiatives like energy, railways, and defence. Other measures may include reforms in governance, debt restructuring, and transitions to green energy. The goal is to improve efficiencies and align PSUs with the country’s long-term growth objectives, aiming for a developed India by 2047,” said Minocha.PSU funds are thematic funds that invest in stocks of public sector undertakings or PSUs, which are government-owned. Therefore, they are influenced by government policies related to the sectors they operate in.You should invest in these schemes only if you have a long investment horizon or possess in-depth knowledge of the sector to time your entry and exit effectively. Remember, sectors and themes can fall out of favor depending on economic conditions, so avoid making hasty decisions during such phases.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get them answered by our panel of experts. Please share your questions at ETMFqueries@timesinternet.in, along with your age, risk profile, and Twitter handle. [ad_2] Source link

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ROMAN SMYTHE

☆ FULL NAME: Roman Harrison Smythe ☆ GENDER: Cisman ☆ PRONOUNS: He/Him ☆ AGE: 36 (October 21, 1988) ☆ TYPE: Half sibling; solo ☆ HOMETOWN: New York City, New York ☆ JOB: CEO of the Empire Hotel chain ☆ SCHOOL: PSU Alumni ☆ SEXUALITY: Straight/Fluid ☆ FACECLAIM: Glen Powell

ABOUT ROMAN

Roman grew up the product of two affluent families. His father, Harrison Smythe was well known in finance, and a powerful man. His mother, while she wasn’t exactly the perfect daughter her parents had envisioned, was an heiress to a massive global hotel chain known round the world. His mother was fairly irresponsible in his raising, as she was often known more for partying and just generally, being an heiress than she was at taking care of a child. His father, was rather busy with work quite often, which often left him in the care of his maternal grandparents. He did see both his mother and father regularly, but didn’t find much connection in either of them. As his father married and had more children, he did attempt to spend more time with them, and to connect but the age differences made it difficult, and he found himself busy with school, sports, and then eventually work, following much in his father’s footsteps. 

When Roman was only 12, his mother was found dead in a hotel room in Paris of an apparent overdose. It was astonishing how little it affected him, and his grandparents insisted on therapy, afraid he was repressing his feelings and they would come back to haunt him later. He was glad for the therapy, but the truth of the matter was that while his Mother's passing made him sad, he had very little connection to her, it was the same as the passing of a distant relative. Sad, but life goes on. His grandparents, of course, were devastated, they had lost their only child, but they took comfort in each other and in the fact that the had Roman to care for. His grandparents were the best part of Roman’s life, and he cherished them more than he could put into words. Even at a young age, he understood that the loss of his mother would be nothing in comparison than the loss of his grandparents when that time came. 

Roman spent quite a bit of time at work with his grandparents, they were quite young at heart, and both still working full time at the family hotel chain. His grandfather, Bart was CEO and his grandmother, Marta was CMO, and Roman loved watching them work. He loved watching them captivate a board room, and more so, he loved their morals. They were good people to the bone, no matter how much money they had, they were good to their people, and good to their community. During natural disasters, it was well known that they would happily house those who needed it, not charging them a penny for anything they needed and making sure their people handled going straight through insurance so that the people in their care had nothing to worry about. They also quietly owned and funded countless homeless shelters around the world. Food waste from the restaurants was unacceptable and anything left over at the end of the night was brought to various food banks in the cities they were located.

Bart and Marta volunteered regularly at all kinds of charity events, and hosted just as many as they attended. They were the kind of people that only exist in fairytales, but they were real, and more so, they didn’t brag about their contributions, it was not often that you’d find someone who didn’t know about the kindness of their hearts, but that was solely because word got around, they refused to ever participate in any kinds of awards, or articles written about themselves, and had no use for boasting. And they taught Roman to be the same. To give and give until you could give no more, and then work hard to make more money so you could give that, too. They enjoyed their money as well, they weren’t martyrs living in a box, but they helped in all the ways they knew how.

Roman began working at the hotel at 15, first a bellhop, then later he was in housekeeping, then maintenance. He bussed tables in the restaurants, then waited tables, then learned to help in the kitchen. He worked front desk, he worked security, and he eventually was promoted to management. He knew that people saw him as nepo baby, that he wouldn’t be in that position at only 21 if his grandparents weren’t who they were, and maybe that was true, because he certainly wouldn’t have chosen to start working at a hotel at 15 if it weren’t for them, but he also knew that he was good at his job, and however he got there, he was grateful for his position in life. He was in school as well, PSU majoring in business. 

He climbed the ranks higher as he graduated college, and then went back for his masters degree. Yes, he knew that again, he had an advantage, but he wasn’t going to back down and take less just because of the family he was born into. Eventually, three years ago, his grandfather retired, and he was named the new CEO of The Empire Hotels. Again, he was questioned for if he really deserved it, and he’s spent the last 3 years trying to prove that he is. Profits are up, and they’ve just renovated their LA location, and not once has he ever strayed from his grandparents vigilance for taking care of his employees, or his community.

Roman resides in the penthouse of the LA Empire, it’s easier to oversee most operations from there, and equally as easy to travel when needed via the hotel’s private jet. Roman works day and night, and rarely allows himself any time to relax. He has a dog named Hercules, and as far as love goes, that’s about as far as he’s gotten. He enjoys sex, but keeps everything intentionally casual, it is too difficult to try to maintain any kind of relationship when you’re married to your work.

FAMILY BACKGROUND

The Smythe family, one of New York’s most illustrious, is renowned not only for its wealth but also for its cultural influence. Serena’s father, Harrison Edward Smythe, is a titan in the finance world, known for his ruthless business strategies that shaped global markets. Her mother, Camila Fernández, born in Buenos Aires, Argentina moved to New York City with her family when she was five years old, where she quickly adapted to her new life and pursued a career in acting. Camila achieved early fame with standout roles in popular television series and films, gaining recognition for her performances in high-profile productions. Now she’s a celebrated actress, beloved by audiences worldwide for her captivating performances and undeniable charm.

Coming from distinguished backgrounds, both Harrison and Camila were driven by the pursuit of success and prestige, leaving little room for the warmth and intimacy of family life. Their marriage, while glamorous to the public, was marked by a mutual understanding: they were partners in power rather than in love.

[haengbokhaja-muti]

Fulbright Indonesia Process (2)

Disclaimer: This blog is neither an official representative of Fulbright Program nor the US Department of State. All of the information is based on personal experiences of the writer. Please refer to AMINEF’s official website for updated and further information especially for Fulbright program in Indonesia.

Halo semuanya. Saya mau berbagi informasi pengalaman alur proses kandidasi Fulbright tahun 2023–2024. Sebagai kandidat selama tahun terkait, saya merasakan adanya kesulitan dalam mencari informasi; baik online maupun personal. Saya harap informasi perihal alur ini bisa membantu teman-teman kandidat beasiswa Fulbright. Ini adalah cara saya 'give back to the community'. Apabila ada pihak yang merasa dirugikan, mohon hubungi saya untuk pengkoreksian kata/diksi/informasi. Adapun, berikut adalah alur yang sebenar-benarnya terjadi dan bisa saya sampaikan setelah saya mendata informasi terkait melalui email antara saya dan AMINEF.

Cheers for all of us! My prayers are with you.

(cont'd) Process

*A: email from AMINEF *M: email from Me All discussions are through email

Candidacy (Alternate Candidate)

19 April 2024: A: AMINEF support letter for Portland State M: email to PSU regarding funding & additional scholarship for Fulbrighters

22 April 2023: PSU: email reply  A: Final negotiation from IIE to RU -> The estimated total cost for Rutgers already includes the 50% tuition award that the university has confirmed, and the U of Florida budget with no confirmed awards applied. IIE Placement Team has indicated that that Rutgers may be able to increase their tuition award from 50% to 75%. This would bring the Rutgers Y1 personal balance down to around $3,282. Placement also indicates that U Florida may provide an out-of-state tuition award of approx. $17,000. This would bring the U of Florida Y1 personal balance down to around $6,763. As Rutgers is your preferred program over U Florida and you confirms that can only afford a small personal balance of around $1,000 per year, Placement is requesting additional cost-share from Rutgers asking if an 85% tuition award could be extended to you to eliminate the personal balance, but the team believes that amount would be unlikely as the university typically doesn’t offer that high of a tuition award. We will keep you updated on any increased award that Rutgers confirms, but if they can only increase the tuition award to 75%, you would need to provide approximately $3,282 to cover the shortfall for us to be able to place you at this university. Please let us know if you can provide the personal funding in the amount of $3,282 to officially accept Rutgers. M: Questions about projected funding & the money for SF bank statement A: you need to inform us that you have funding to cover the shortfall for the duration of your study.

23 April 2024: A: IIE Placement Team is still working on confirming the increased tuition award from Rutgers; we believe the university will be able to increase the current 50% tuition award up to 75% but are still awaiting confirmation of this.

7 Mei 2024: Rutgers confirmed to increase the tuition award to 75% -> SF: $4.540

12 Mei 2024: Discussion email

14 Mei 2024: Confirmation of bank reference 

15 Mei 2024:  A: We will let you know on the status of your candidacy when it is available, hopefully before May 30 as it is the deadline for confirming the placement. Your alternate status is contingent upon the availability of the fund. M: info on acceptance by PSU + Additional $4,500 Grant award from PSU to be applied to tuition, further information on the LoA

16 Mei 2024: A: 1) Information on Maintenance Rate (MMR) for Portland -> to calculate my own expenses. 2) Unfortunately, there is no update on your candidacy status, so you can not proceed with placement at this point. M: Confirmation of bank reference -> I have acquired your nett amount of SF for Rutgers, and I can confirm I could attach a bank statement for Rutgers tomorrow. A: We will lock your decision for Rutgers and your ability to cover the shortfall for 2 years. Unfortunately, we cannot proceed with your placement since there is no update on your candidacy status. We will write when we have the update news on the additional funding.

29 Mei 2024: A: 2024 Fulbright Master's Degree Program: Your Candidacy Status -> With regard to the status of your candidacy in the Fulbright Master’s Degree program, I am pleased to inform you that your candidacy status has changed to a principal candidate. M: accept the offer from Rutger and confirm that I have personal funding for the shortfall for 2 years through my Bank Statement I have attached.

30 Mei 2024: A: We will inform IIE accordingly. A: FY2024 Gateway Orientation & Pre-Academic Program Information.

Post Candidacy (Principal Candidate)

30 Mei 2024: A: (RSVP) SAVE THE DATE: "2024 Fulbright Awards Pre-Departure Orientation (PDO)” held on June 25-26, 2024 in Jakarta. A: Request Support Letter, Passport, and Medical Form (TB Skin test, VACCINATIONS: Polio, DPT, MMR, COVID-19) + Info on Fulbright ID

7 Juni 2024: Request foto Headshot untuk Orientasi Pra-keberangkatan Fulbright Program. Deadline 11 Juni 2024 

9 Juni 2024: Bringing Dependents After 1st Semester Confirmation

10 Juni 2024: Welcome Package for Fulbright Program PDO Participants

11 Juni 2024: A: Terms of Appointment (ToA) for your review and approval. RU: Rutgers Account Email Update Request -> karena di request FB untuk mulai urus akun selepas penerimaan kampus

12 Juni 2024: 2024 Fulbright Awards Orientation and Networking on June 25-26, 2024

16 Juni 2024: Placement Details Information

21 Juni 2024: E-materials for 2024 Fulbright Awards Orientation and Networking

22 Juni 2024: Informasi Akomodasi Fulbright Awards and Orientation 2024

24 Juni 2024: Fulbright Awards Orientation & Networking 2024

25-26 Juni 2024: 2024 Fulbright Awards Orientation and Networking di Shangri-La

13 Juli 2024:  WSU: 2024 Fulbright Virtual Gateway Orientation Welcome Letter -> Fulbright Gateway Orientation course material from Wayne State University Gateway Team launches on July 17, 2024.

18 Juli 2024: IIE: Invitation to join Fulbrighter, the exclusive networking platform. IIE: Prepare for Your Fulbright Program

19 Juli 2024: WSU: Reminder: 2024 Fulbright Gateway Orientation. first live session for Fulbright Gateway Orientation will take place on Tuesday, July 23, 2024

23 Juli 2024: Gateway Program

25 Juli 2024: IIE: IIE PIC -> Welcome to the Fulbright Program!

29 Juli 2024: IIE: Welcome To Your Fulbright Program! Action Required Within 10 Days of Arrival OKTA account

30 Juli 2024: A: DS2019 has arrived at aminef. plans to schedule visa interview on august 7th 2024. You can start to complete the DS160 online visa application and submit other documentations needed for your visa interview schedule process to AMINEF as soon as possible.

31 Juli 2024: M: DS160 application form completed. IIE: Webinar Reminder: Prepare for Your Fulbright Program 

1 Agustus 2024: USA: consular email A: Please send the official invitation for the visa interview once you receive it from the U.S. Consular. We will send other guidelines for the grantee to attend the interview when the invitation is available. M: kirim attachment email konsular ke aminef A: VISA Interview Schedule on August 8, 2024 on 7.30. please come on 7.00. + bawa dokumen yang diminta

8 Agustus 2024: D-DAY Interview!! -> Hasil: pengambilan visa di tanggal X Drop off hasil interview di dropbox AMINEF beserta keperluan dokumen lainnya A: Procedure of International and Domestic Ticket Purchase: Visiting Students Program -> Alur request penerbangan ke Travel Boarding Assistance (TBA)

11 Agustus 2024: M: request early departure ke US untuk memulai akademik/perkuliahan ke TBA karena keperluan: orientasi dan cari housing by person + hendak bertanya terkait kemungkinan selisih biaya untuk mendapatkan Early Departure di tanggal 21 Agustus 2024. -> tambahan request: lokasi bandara Newark Liberty International Airport (EWR) - Newark, NJ. TBA: akan proses pemesanan tiket

13 Agustus 2024: M: email kebutuhan dokumen untuk Early Departure (travel insurance & bank statement) kirim ke PIC A: Attached is the pdf. copy of your passport, J1 visa and DS2019. TBA: flight plans -> setuju/tidak M: setuju

14 Agustus 2024: E-ticket untuk keberangkatan ke USA

21 Agustus 2024: FLIGHT DAAAAYYYYYY

Click for previous part.

[yesnancyahujaus-blog]

Nippon India Banking & PSU Debt Fund- Growth Plan- Growth Option

Opt for Nippon India Banking & PSU Debt Fund to diversify your portfolio and aim for long-term financial growth. With experienced management and a strong track record, it's a smart choice for your investment strategy.

[starfriday]

REC signs MoU with JNPA for financing Rs. 45,000 Cr

REC Limited, Maharatna PSU under Ministry of Power and a leading NBFC, signed an MoU with Jawaharlal Nehru Port Authority (JNPA) for financing upto Rs. 45,000 Cr for various upcoming projects of JNPA, which includes development of Vadhavan Port.

Shri Rahul Dwivedi, IAS, Executive Director, REC signed the MoU with Shri Unmesh Sharad Wagh, Chairman, JNPA.

MoU was signed in the presence of Shri Sarbananda Sonowal, Hon’ble Union Minister for Ports, Shipping and Waterways.

Shri Sanjay Sethi, IAS, Additional Chief Secretary (Transport and Ports), Government of Maharashtra and other senior officials from REC & JNPA were also present.

This MoU is to establish a framework for cooperation between JNPA and REC whereby JNPA implements projects in the infrastructure sector of its expertise and REC shall provide the required funds.

JNPA is an undertaking of Government of India, and is a premier container handling Port, accounting for around 50% of the total containerized cargo volume, across the major ports of India.

ABOUT REC LIMITED

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government. The loan book of REC stands at ₹ 5.30 lakh crore and Net Worth at Rs. ₹ 72,351 crore as on 30th June, 2024.

[udyamregister]

The Benefits of Having Udyam Registration

In recent years, the Indian government has taken significant steps to support and promote the growth of Micro, Small, and Medium Enterprises (MSMEs) through various initiatives. One of the most impactful of these initiatives is the introduction of the Udyam Registration, a simplified process that provides MSMEs with a host of benefits and opportunities.

 This registration, introduced on July 1, 2020, has replaced the previous system of Udyog Aadhaar and aims to streamline the registration process, making it more efficient and accessible. In this article, we will explore the myriad benefits of having Udyam Registration and why it is a crucial step for MSME registration aiming to thrive in the competitive business environment.

1. Simplified Registration Process

One of the primary benefits of Udyam Registration is its simplicity. The registration process is entirely online and can be completed through the official Udyam Registration portal.

 It requires minimal documentation, with only the Aadhaar number of the proprietor or the managing partner or director being necessary. This ease of registration removes significant bureaucratic hurdles, allowing businesses to register quickly and start availing the benefits without unnecessary delays.

2. Access to Government Schemes

MSMEs with Udyam Registration are eligible for a variety of government schemes and subsidies. These include schemes like the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS), the Prime Minister's Employment Generation Programme (PMEGP), and the Micro and Small Enterprises Cluster Development Programme (MSE-CDP). 

These schemes provide financial assistance, grants, and subsidies that can significantly reduce operational costs and support business expansion and development.

3. Easier Access to Credit

Financial institutions and banks often require Udyam Registration for MSMEs to qualify for various loans and credit facilities. 

The registration helps in establishing the legitimacy of the business, making it easier for MSMEs to secure loans at lower interest rates under schemes like the Credit Linked Capital Subsidy Scheme (CLCSS). Additionally, the government has mandated a collateral-free automatic loan facility for MSMEs, further easing access to credit.

4. Protection Against Delayed Payments

One of the significant challenges faced by MSMEs is the delay in payments from buyers, which can severely impact cash flow. Udyam Registration provides a safeguard against this issue. According to the MSME Development Act, registered MSMEs are entitled to receive interest on delayed payments from buyers.

 This act mandates that buyers make payments within 45 days of accepting goods or services, failing which the buyer is liable to pay compound interest with monthly rests to the MSME.

5. Exemption from Direct Taxation

Registered MSMEs can benefit from several tax exemptions and rebates. For instance, under the Income Tax Act, businesses with Udyam Registration can avail themselves of a presumptive taxation scheme under section 44AD, which allows for a simplified method of calculating taxable income. This reduces the burden of compliance and makes tax planning more efficient.

6. Benefits in Tenders and Procurement

The Indian government and various public sector undertakings (PSUs) give preference to Udyam-registered MSMEs in procurement and tenders. This is part of the government’s Public Procurement Policy which mandates that a minimum of 25% of the total annual purchases of goods or services by central ministries, departments, and PSUs must be from MSMEs. 

Additionally, 4% is reserved for MSMEs owned by Scheduled Castes or Scheduled Tribes entrepreneurs. This preferential treatment in government procurement can provide a significant boost to business growth.

7. Reduction in Cost of Intellectual Property Rights

The Udyam Registration also entitles MSMEs to various subsidies and incentives related to the protection of their intellectual property. 

MSMEs can get financial support for patent registration, trademark registration, and other IP-related activities, thereby encouraging innovation and protecting their inventions and brands at a lower cost.

8. Concession in Electricity Bills

Many state governments provide concessions on electricity bills to Udyam-registered MSMEs. This concession helps in reducing the operational costs of businesses, making them more competitive and financially sustainable.

 The specifics of these concessions vary from state to state, but they generally involve reduced tariffs or rebates on the electricity consumption of registered MSMEs.

9. ISO Certification Charges Reimbursement

To promote quality and standardization among MSMEs, the government offers reimbursement for the expenses incurred in obtaining ISO certifications. 

This reimbursement is available to Udyam-registered businesses, encouraging them to improve their processes and product quality, which in turn enhances their competitiveness both in domestic and international markets.

10. Market Access and Export Promotion

Update Udyam-registered MSMEs can benefit from various programs aimed at enhancing market access and promoting exports. The government organizes trade fairs, exhibitions, and buyer-seller meets where registered MSMEs can showcase their products and services. 

Additionally, financial assistance is provided for participation in international trade fairs and exhibitions, which helps MSMEs to explore and penetrate new markets globally.

[shraddhamatre]

Getting Around the Competitive Test Environment After Engineering: A Complete Guide

After graduating from engineering school, you have a lot of chances and challenges ahead of you. The competitive exam track is one of the most important ones that many engineers decide to investigate. These tests provide pathways for further study and specialization in addition to leading to esteemed jobs in the public sector. Let's explore some of the well-known competitive tests that engineering grads might take, their importance, and how to do well on them.

1.Engineering Graduate Aptitude Test (GATE) One of the most important tests for Indian engineering graduates is undoubtedly the GATE. GATE is an initiative that the Indian Institute of Science (IISc) and seven Indian Institutes of Technology (IITs) together run. It has several goals. Postgraduate Admissions: At IITs, NITs, and other esteemed universities, admission to M.E., M.Tech, and Ph.D. programs is based on scores. Public Sector Jobs: A lot of PSUs (Public Sector Undertakings) hire people based on their GATE scores. Scholarships and Fellowships: Applicants are eligible to receive funding for their graduate work.

Tips for Preparation: Conceptual Understanding: Put your attention into laying a solid foundation in the fundamental disciplines. Practice Previous Papers: Completing past years' exam question sets might aid in comprehending the format and degree of difficulty of the test. Mock Tests: Frequent mock exams are used to evaluate students' time management and performance. 2. ESE, or Indian Engineering Services The Union Public Service Commission (UPSC) administers the Engineering Services Examination (IES), commonly known as the Engineering Services Exam. It is among the most esteemed tests for engineers hoping to work in public works, railroads, or the military industry, among other government areas.

Tips for Preparation: Comprehensive Syllabus Coverage: Because the syllabus is broad, it is essential to have a solid grasp of every topic. Current Affairs: Keep abreast with current events, particularly those pertaining to the engineering sector. Writing Practice: Consistent writing practice is crucial because the test contains descriptive questions. 3. The CAT, or Common Admission Test The CAT test is the entry point to prestigious Indian business institutions, such as the Indian Institutes of Management (IIMs), for those wishing to change their focus to management.

Tips for Preparation: Pay particular attention to the parts on quantitative aptitude and data interpretation because they are very important. Verbal Ability and Reading Comprehension: Reading comprehension abilities may be improved with practice and regular reading. Mock Tests and Analysis: Conduct mock tests on a regular basis and evaluate results to pinpoint and improve weak areas. 4. The Civil Services Test (CSE) When considering a career in administrative services like IAS, IPS, and IFS, engineering graduates frequently think about taking the UPSC Civil Services Examination (CSE).

Preparation Advice: Interdisciplinary Approach: It might be beneficial to mix knowledge of the humanities with engineering disciplines. Essay Writing: It's important to practice writing essays in order to ace the mains test. Interview Preparation: Develop your personality and communication skills in advance of the interview. 5. Exams for the State Public Service Commission (PSC) Exams are administered by state PSCs for a range of state administration posts. The curriculum and structure may differ throughout states.

Tips for Preparation: State-specific Knowledge: Pay close attention to the state's geography, history, and current events. General Studies: It's crucial to have a solid foundation in general studies. 6. Bank Examinations Engineering graduates frequently choose to sit for examinations such as IBPS PO, SBI PO, and RBI Grade B in order to pursue a solid career in the banking industry.

Tips for Preparation: Quantitative Reasoning and Aptitude: Accuracy and speed may be greatly increased with regular practice. General Awareness: Keep up with news related to banking and finance. In summary It takes commitment, planning, and steady work to go from an engineering degree to passing a difficult exam. The first step is determining the test to take based on personal interests and professional objectives. These tests can serve as stepping stones to a rewarding and successful profession with careful planning and persistence. The prospects for engineering graduates are numerous and exciting, whether they want to pursue public service, advance in management, or stay in the professional area.

Start Your Preparation With: https://gameacademy.in/ / https://clppenny.page.link/cTBm 

Recomended: https://www.youtube.com/@gblions / https://www.youtube.com/@gblionsaeje 

[cavijenderaggarwal123]

CAREER OPPORTUNITIES FOR CA

Being a Chartered Accountant (CA) opens up a world of career opportunities in various sectors and industries. Let's dive into the main career paths and opportunities available to CAs:

1) Public Accountability:

- Audit and Assurance: You'll conduct external audits to ensure financial statements are accurate and comply with regulatory standards.

- Taxation: Here, you'll provide tax planning, compliance, and counseling services to individuals and businesses.

- Advisory Services: You'll be advising on finance and business matters such as takeovers, business valuation, and risk management.

2) Corporate Accounts:

- Financial Accounting and Reporting: You'll prepare and interpret financial statements according to accounting standards.

- Management Accounting: This involves gathering financial data for long-term strategic decision making.

- Internal Audit: You'll ensure compliance and recommend process improvements.

3) Finance and Investment:

- Banking: You'll assist companies in raising capital and provide financial advisory services.

- Investing In Private Companies And Start-ups: Here, you'll analyze and manage investments in private equity and venture capital.

- Portfolio Management: You'll handle investment portfolios for individuals or corporations.

4) Public Sector & Government:

- Regulatory Bodies: Your role will be to ensure compliance with financial regulations and contribute to developing new ones.

- Public Sector Unit (PSU): You'll manage public funds and ensure financial transparency.

- Policy Formulation: You can also participate in policy-making and economic development.

5) Industry:

- Starting Your Own Practice: You have the option to set up your own accounting or advisory services practice.

- Practice Of Entrepreneurship: If you're feeling adventurous, you can start and manage your own business.

6) Education and Research:

- Classroom: You can teach accounting and finance subjects in universities or professional bodies.

- Research: You'll have the opportunity to contribute to accounting and finance studies.

7) Consultation:

- Financial Consulting: You'll provide consultancy services in budgeting, cost-cutting, and business strategy.

- Forensic Accounting: You'll be the detective, investigating financial irregularities and testifying in legal cases.

8) International Opportunities:

- Working With Global Audit Firms: This allows you to gain global mobility and exposure to international business practices.

- International Organizations: You can work in financial capacities at international bodies.

9) Information Technology:

- IT Audits: You'll assess the validity and security of information systems.

- System Implementation: You'll help implement financial software and ERP systems.

10) Risk Management:

- You'll analyze financial risks and develop strategies to mitigate them.

CAs play a crucial role in ensuring compliance with financial regulations, managing financial risks, and providing valuable financial and advisory services. Their qualifications are diverse and invaluable.

To Read More You Can Visit - CA VIJENDER AGGARWAL

[tanyapopli]

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN): A Lifeline for Indian Farmers

The agricultural sector is the backbone of India, supporting over 58% of the nation's population. Recognizing the vital role farmers play in the country's economy and food security, the Government of India has introduced several initiatives to support and uplift the farming community. One such transformative scheme is the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), launched on February 24, 2019, by Prime Minister Narendra Modi. This direct income support scheme aims to provide financial assistance to small and marginal farmers, ensuring they can meet their agricultural and domestic needs.

Objectives of PM-KISAN

The primary objective of PM-KISAN is to supplement the financial needs of farmers in procuring various inputs to ensure proper crop health and appropriate yields. The scheme aims to:

Provide Direct Income Support: By offering a fixed income to farmers, the scheme helps them to cover their expenses related to seeds, fertilizers, equipment, and other necessary agricultural inputs.

Ensure Sustainable Agriculture: The financial aid ensures that farmers can invest in sustainable farming practices, thereby increasing productivity and income in the long term.

Alleviate Farmers' Distress: By providing regular income, the scheme aims to reduce the financial burden on farmers and mitigate the adverse effects of unpredictable weather conditions and market fluctuations.

Key Features of PM-KISAN

Beneficiary Coverage: Initially targeting small and marginal farmers with landholding up to 2 hectares, the scheme was later expanded to include all farmer families, irrespective of the size of their landholdings.

Financial Assistance: Under PM-KISAN, eligible farmers receive Rs. 6,000 per year, disbursed in three equal installments of Rs. 2,000 each, directly into their bank accounts.

Direct Benefit Transfer (DBT): The scheme ensures transparency and efficiency by directly transferring the funds into the bank accounts of beneficiaries through the Direct Benefit Transfer (DBT) system.

Digital Platform: The PM-KISAN portal provides a robust digital platform for registration, tracking, and monitoring of beneficiaries, ensuring timely and accurate disbursement of funds.

Eligibility and Exclusions

To benefit from the PM-KISAN scheme, farmers must meet certain eligibility criteria. These include:

Land Ownership: The applicant must be a landholding farmer.

Exclusions: The scheme excludes institutional landholders, farmer families holding constitutional posts, serving or retired officers and employees of state and central government as well as PSUs and government autonomous bodies, and professionals like doctors, engineers, and lawyers.

Impact and Achievements

Since its inception, PM-KISAN has made a significant impact on the lives of millions of farmers across India. By May 2023, over 11 crore farmers had benefited from the scheme, receiving over Rs. 2 lakh crore in assistance. This financial support has empowered farmers to invest in better farming practices, purchase necessary inputs, and improve their overall living standards.

Challenges and Future Prospects

While PM-KISAN has been a game-changer for many, it faces several challenges, including:

Awareness and Accessibility: Ensuring that all eligible farmers, particularly those in remote areas, are aware of and can access the benefits of the scheme.

Database Accuracy: Maintaining an accurate and up-to-date database of beneficiaries to prevent errors and ensure timely disbursements.

Integration with Other Schemes: Harmonizing PM-KISAN with other agricultural and welfare schemes to maximize benefits and avoid duplication of efforts.

Looking ahead, the future prospects of PM-KISAN are promising. With ongoing efforts to address these challenges, the scheme is set to play a crucial role in transforming the agricultural sector and enhancing the livelihoods of Indian farmers.

Conclusion

The Pradhan Mantri Kisan Samman Nidhi is more than just a financial aid scheme; it is a beacon of hope for millions of farmers in India. By providing timely and direct income support, PM-KISAN not only helps farmers meet their immediate needs but also encourages sustainable agricultural practices and economic stability.

[ebizfilingindia-blog]

How to file RTI Application?

What is RTI?

The full form of RTI is the Right to Information, which is governed by a revolutionary law namely, the Right to Information Act, 2005. The main objective of RTI Act is to promote transparency in government institutions in India.

Until the RTI Act gave the common man the right to seek information from the government, only members of Parliament had the privilege of accessing this information. If you are concerned about your business or as a citizen who wants to know anything about any activity of any government department then RTI is a useful tool to get information from the government department. That information can be used constructively for your purposes.

This law is very comprehensive and covers almost all matters of governance. The law has a broad reach, applying to all levels of government — central, state and local — as well as to recipients of significant government funding.

How to file an RTI application?

Get the address of the Public Information Officer from the website of the organization.

Write the RTI application form in English/Hindi/state official language addressed to Public Information Officer and ask your questions clearly.

Write your full name, contact details and the address where you want your RTI information/response to be sent.

There is no prescribed format of application for obtaining information. The application can be made on plain paper.

The recipient need not state the reasons for seeking the information.

Steps for RTI Application Online

Department of Personnel and Training has launched a web portal called RTI online for all Union Ministries/Departments with URL www.rtionline.gov.in.

It is a facility for Indian citizens to file RTI applications and first appeals online to all Union Ministries/Departments.

The prescribed RTI fee can be paid online as well.

Reply to RTI applications and first appeals received online can also be filed online by the concerned PIOs/FAAs.

What is fee and modes of payment of fee for RTI application?

A citizen who wants to get some information from a public authority can send a demand draft or banker’s check along with the application or Rs. 10/- (Rupees Ten) Indian Postal Order, payable to the Accounts Officer is required. of a public authority as a prescribed fee for obtaining information. The fee can also be paid by cash to the Public Authority or Assistant Public Information Officer, against proper receipt. Payment of fees to Central 8 Ministries/Departments can also be made online through State Bank of India Internet Banking or through Master/Visa Debit/Credit Card.

The following are the modes of payment of fees for online applications:

Internet banking by SBI and its affiliated banks.

Using State Bank of India ATM-cum-Debit Card.

MasterCard/Visa Credit/Debit Card.

Note: It should be noted that as per the RTI Rules, 2012, the RTI fee is not required to be paid by a citizen living below the poverty line. However, the BPL applicant must attach a copy of the appropriate government issued certificate in this regard with the application.

What is the period for information supply?

Generally, the information will be provided to the applicant within 30 days of receipt of the application by the public authority. If the information sought relates to the life or liberty of a person, it shall be provided within 48 hours.

What Government bodies that are covered under the RTI Act are RTI information?

All government agencies, whether under the state government or the centre, come under the ambit of the Act.

Municipal Corporations, PSUs (Public Sector Units), Government Departments, Ministries at State and Central Levels, Judiciary, Government Owned Companies, Government Universities, Government Schools, Construction Departments, Road Authorities, Provident Fund Department etc.

Not only governments and their departments, but even smaller units like your city corporation or village panchayat come under RTI.

You can exercise the right to information to obtain information such as the status of any application made by you, eg. GST Registration, Income Tax Return, GST Refund, Expenditure by Government etc.

What Government organizations that are not covered under the RTI Act are RTI information?

A. Organizations related to the country’s defense and intelligence, such as RAW, BSF, CRPF, CISF, Intelligence Bureau, National Security Guard etc.

B. Additionally, there are certain instances in which RTI information cannot be provided. These examples relate to things that:

Would affect national security, sovereignty, strategic, economic and/or scientific interests.

The court has refused to release those.

The court has refused to release those.

Relates to trade secrets or intellectual property, information that may affect/harm the competitive position of a third party.

Relates to information under a trust relationship.

Will affect any person’s life/physical safety.

Relating to Foreign Government Information.

will affect the process of investigation.

Belongs to Cabinet Papers.

Relating to personal data without any public interest.

Looking to establish your business with a Pvt Limited Company? Discover transparent and competitive Pvt Limited Company registration costs with our expert services. Streamline your incorporation process while optimizing expenses.

Summary

RTI- Right to information is a very effective and affordable tool to know where your money is being used, where corruption is prevalent, what is the working status of any government official etc. It opens up the government institutions to scrutiny. Armed with knowledge about RTI, a common man can request any government agency to provide information

[zfundsofficial]

ABSL Vs ICICI PSU Equity Fund | Aditya Birla Sun Life PSU Equity Fund

In this video, Maneesh Taneja explores the fascinating world of PSU (Public Sector Undertakings) companies in India. 🇮🇳 Dive deep into the comparison between Aditya Birla Sun Life PSU Equity Fund and ICICI Pru PSU Equity Fund. 💼 🔍 What ties these giants together? Coal India, State Bank of India, Gas Authority of India, Bank of India, Hindustan Aeronautics Ltd, and Indian Renewable Energy Development Agency. Discover the common thread among these powerhouse companies! .

[latestgovtjobnews]

SAIL hiring for roles at Rourkela Steel Plant, Odisha Mines; check eligibility, selection, benefits.

New Post has been published on https://www.jobsarkari.in/sail-hiring-for-roles-at-rourkela-steel-plant-odisha-mines-check-eligibility-selection-benefits/

SAIL hiring for roles at Rourkela Steel Plant, Odisha Mines; check eligibility, selection, benefits.

Steel Authority of India Limited (SAIL) is inviting applications for various posts in Rourkela Steel Plant (RSP) and different mines under the Odisha Group Mines (OGoM). The available positions require candidates to have a B.E./B.Tech degree in relevant fields and post-qualification experience in executive cadre. The experience should be in areas such as blast furnace operation, steel melting shop operation, quality control, mechanical maintenance, hydraulic systems, information technology, mining engineering, project management, geology, and hotel management.

The eligibility criteria for the positions include a minimum of 50% marks for reserved posts and 60% marks for unreserved posts. The industry/organization where the candidate gained experience must be a public sector undertaking, government organization, public limited company, or joint venture of PSUs or the government. The maximum age limit for the posts is specified as of January 11, 2024.

The selection process for the posts will involve a computer-based test (CBT) and an interview. The CBT will consist of 100 multiple-choice questions on technical/professional knowledge and aptitude. The minimum qualifying marks for the CBT will be 50 percentile score for unreserved posts and 40 percentile score for reserved posts. Candidates will be shortlisted for the interview based on their performance in the CBT. The final selection will be based on the combined marks of the CBT and interview, with a weightage of 80:20, respectively.

Candidates belonging to SC/ST/OBC/EWS categories can also apply for unreserved posts if they meet the eligibility criteria. However, they will have to provide the necessary caste/category certificates issued by the competent authority. Candidates with disabilities (PwBD) are eligible to apply, and they should submit disability certificates in the prescribed format.

The application and processing fee for general/OBC/EWS candidates is Rs. 700, while SC/ST/ESM/PWBD candidates need to pay Rs. 200. The fee can be paid through the State Bank of India (SBI) using the SB Collect facility. Outstation candidates attending the interview will be reimbursed for their travel expenses as per the company’s policy.

Selected candidates will be offered attractive emoluments and benefits, including basic pay, industrial dearness allowance, perquisites, contributory provident fund, gratuity, and free medical treatment. House rent allowance will be provided if company accommodation is not available. The appointment will be on a regular basis, subject to medical fitness.

Candidates should submit their applications in the prescribed format along with the required documents to the designated address. The envelope should be superscribed with the post applied for and the advertisement number. It is important to note that incomplete or late applications will be rejected. Candidates should keep a copy of the e-receipt of the application fee for future reference.

The advertisement and application form can be accessed on the SAIL website. Any changes in the employment notice will be communicated through the website, so candidates are advised to stay updated. SAIL reserves the right to reject applications and cancel the recruitment process if necessary. The jurisdiction for any dispute will be at Rourkela, Odisha. The important dates for the recruitment process are mentioned in the advertisement. For further assistance, candidates can contact the designated phone number or email address during working hours.

Steel Authority of India Limited (SAIL) is inviting applications for various posts in Rourkela Steel Plant (RSP) and different mines under the Odisha Group Mines (OGoM).

Eligibility criteria include a B.E./B.Tech degree in relevant fields and post-qualification experience in executive cadre.

The selection process involves a computer-based test (CBT) and an interview, with the final selection based on the combined marks of the CBT and interview.

Candidates belonging to SC/ST/OBC/EWS categories can apply for unreserved posts if they meet the eligibility criteria.

The application fee is Rs. 700 for general/OBC/EWS candidates and Rs. 200 for SC/ST/ESM/PWBD candidates.

SAIL Recruitment for Rourkela Steel Plant and Odisha Group Mines

Steel Authority of India Limited (SAIL) is hiring for various positions in Rourkela Steel Plant and Odisha Group Mines.

B.E./B.Tech degree in relevant fields and post-qualification experience in executive cadre are required.

Positions available in areas such as blast furnace operation, steel melting shop operation, quality control, mechanical maintenance, and more.

Eligibility Criteria

Minimum of 50% marks for reserved posts and 60% marks for unreserved posts.

Experience must be in a public sector undertaking, government organization, public limited company, or joint venture of PSUs or the government.

Maximum age limit specified as of January 11, 2024.

Selection Process

Computer-based test (CBT) and interview are part of the selection process.

CBT consists of 100 multiple-choice questions on technical/professional knowledge and aptitude.

Minimum qualifying marks for CBT: 50 percentile score for unreserved posts and 40 percentile score for reserved posts.

Selection Process (Contd.)

Candidates shortlisted for the interview based on their performance in the CBT.

Final selection based on combined marks of CBT and interview, with a weightage of 80:20, respectively.

Reservation for SC/ST/OBC/EWS Categories

Candidates belonging to SC/ST/OBC/EWS categories can apply for unreserved posts if they meet the eligibility criteria.

Necessary caste/category certificates issued by the competent authority must be provided.

Application Fee

General/OBC/EWS candidates: Rs. 700

SC/ST/ESM/PWBD candidates: Rs. 200

Fee can be paid through the State Bank of India (SBI) using the SB Collect facility.

Attractive Emoluments and Benefits

Selected candidates will receive attractive emoluments and benefits.

Benefits include basic pay, industrial dearness allowance, perquisites, contributory provident fund, gratuity, and free medical treatment.

House rent allowance provided if company accommodation is not available.

Application Process

Applications should be submitted in the prescribed format along with the required documents.

The envelope should be superscribed with the post applied for and the advertisement number.

Incomplete or late applications will be rejected.

Important Dates and Updates

The advertisement and application form can be accessed on the SAIL website.

Any changes in the employment notice will be communicated through the website.

Candidates are advised to stay updated.

Contact Information and Dispute Jurisdiction

Candidates can contact the designated phone number or email address during working hours for further assistance.

Disputes will be addressed at Rourkela, Odisha.

Key Takeaways

SAIL is recruiting for various positions in Rourkela Steel Plant and Odisha Group Mines.

Eligibility criteria include a B.E./B.Tech degree and post-qualification experience in executive cadre.

The selection process involves a CBT and an interview, with the final selection based on combined marks.

Reservation is available for SC/ST/OBC/EWS categories.

Application fee varies based on category. Stay updated on the SAIL website for important dates and updates.

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