whispers in the corridors
Financial crunch in MMTC: Unions request CMD to downsize manpower
Country's leading international trading company MMTC Limited has fallen by the wayside. The real crunch came when the company failed to disburse salary for the month of September, due to heavy diversion of funds to NINL. The Federation of MMTC Staff Unions wrote the CMD requesting him to downsize the manpower by offering VRS in order to bailout the company from financial crisis. The company, which has always striven to outperform its own past records, fell into a decline as the Government failed to take timely decisions and extend financial support to the PSU at the beginning of financial difficulties, sources say.
Send Feedback
More Bureaucracy News
- PC Balasubramanian steps down as ED, UDS
- PS Patwari appointed NE Director, Jayatma Enterprises Ltd
- Ms Sridevi appointed NE Director, CECL
- Dr Katragadda appointed NE Director, Asian Paints Ltd
- Mrs Birla appointed NE Director, HIL Ltd
- B P Awasthi gets VRS from railways
- Kishore gets premature repatriation
- Notification for DGQA re-organisation issued
- Kamal Kishore appointed at key post in UNDRR
- Lokesh H D and D Sridhar promoted to SAG of ITS
- Two IDES officers granted NFU
- Two Trade Service officer promoted to Addl DGFT
- Neeraj Kumar given additional charge of COO
- No empanelment as Secretary from Assam-Meghalaya
- Four IRS-IT officers get postings after returning from deputations
- Seven members of SCS of Tamil Nadu promoted to IAS
- Ms Charul Baranwal promoted to CC/DG-Customs grade on regular basis
- M Subramanyam promoted to CC/DG-Customs grade on adhoc basis
- Two IRS-Customs officers promoted to Pr Commissioner grade on adhoc basis
- 11 IRS-Customs officers promoted to Principal Commissioner grade
- Seven IRS-IT officers promoted to CCIT grade
- Four IRS-IT officers promoted to Pr.CCIT grade
- Sita Ram Meena appointed Ambassador to Niger
- Central deputation tenure of Ms Sandhya Bhullar extended
- T K Ramachandran is also Secretary, Tourism
- Why is the Secretary Law post vacant in Madhya Pradesh?
- Will Kareer get extension or Sujata Saunik be made CS Maharashtra ?
- Directorate General of Quality Assurance (DGQA) to be re-organized
- Will Justice Sachdeva be acting CJ of MP High Court?
- Justice Sheel Nagu unlikely to be CJ of Punjab & Haryana HC?
- Eight IPS officers retiring in March