Power Finance Corporation Ltd (PFC) has signed a performance-based Memorandum of Understanding (MoU) with Ministry of Power, Government of India detailing various targets to be achieved by PFC during Fiscal Year 2020-21.
Government of India has set an ambitious revenue target of Rs. 36,000 Crores. This target has been set along with various performance-related parameters such as Operating Profit as percentage of Revenue from Operation, PAT as a percentage of Average Net-worth and Non-financial parameters viz., IPDS-related parameters. PFC has been delivering exemplary performance from the past years and the ratings from the Government of India stands testimony to the performance.
Important takeaways for all competitive exams:
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…
India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…