{"id":9318,"date":"2024-01-20T11:02:58","date_gmt":"2024-01-20T11:02:58","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=9318"},"modified":"2024-01-20T11:02:58","modified_gmt":"2024-01-20T11:02:58","slug":"govt-suspends-3-directors-of-sail-nmdc-with-immediate-effect","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/govt-suspends-3-directors-of-sail-nmdc-with-immediate-effect\/","title":{"rendered":"Govt Suspends 3 Directors Of SAIL, NMDC With Immediate Effect"},"content":{"rendered":"

NEW DELHI, Jan 20: According\u00a0<\/span><\/span>to\u00a0<\/span>exchange\u00a0<\/span><\/span>filings\u00a0<\/span><\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>businesses<\/a>,\u00a0<\/span><\/span>the\u00a0<\/span>Steel\u00a0<\/span><\/span>Ministry<\/a>\u00a0<\/span><\/span>has\u00a0<\/span>suspended\u00a0<\/span><\/span>one\u00a0<\/span>director\u00a0<\/span><\/span>of\u00a0<\/span><\/span>iron\u00a0<\/span>ore\u00a0<\/span><\/span>giant\u00a0<\/span><\/span>NMDC\u00a0<\/span><\/span>and\u00a0<\/span><\/span>two\u00a0<\/span><\/span>board-level\u00a0<\/span><\/span>officers\u00a0<\/span><\/span>of\u00a0<\/span><\/span>steel\u00a0<\/span><\/span>PSU\u00a0<\/span><\/span>SAIL\u00a0<\/span><\/span>for\u00a0<\/span><\/span>alleged\u00a0<\/span><\/span>misbehaviour.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>a\u00a0<\/span>report\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>BSE,\u00a0<\/span><\/span>the\u00a0<\/span>steel\u00a0<\/span><\/span>PSU\u00a0<\/span><\/span>stated\u00a0<\/span>that\u00a0<\/span><\/span>SAIL\u00a0<\/span><\/span>has\u00a0<\/span>also\u00a0<\/span><\/span>suspended\u00a0<\/span><\/span>26\u00a0<\/span><\/span>other\u00a0<\/span>personnel\u00a0<\/span><\/span>for\u00a0<\/span><\/span>violating\u00a0<\/span><\/span>its\u00a0<\/span>code\u00a0<\/span><\/span>of\u00a0<\/span><\/span>conduct,\u00a0<\/span><\/span>effective\u00a0<\/span><\/span>immediately.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>filing,\u00a0<\/span><\/span>the\u00a0<\/span>Ministry\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Steel\u00a0<\/span><\/span>suspended\u00a0<\/span><\/span>V.S.\u00a0<\/span><\/span>Chakravarthy,\u00a0<\/span><\/span>Director\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Commercial,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>A.K.\u00a0<\/span><\/span>Tulsiani,\u00a0<\/span><\/span>Director\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Finance,\u00a0<\/span><\/span>with\u00a0<\/span><\/span>immediate\u00a0<\/span>effect\u00a0<\/span><\/span>through\u00a0<\/span><\/span>letters\u00a0<\/span><\/span>dated\u00a0<\/span><\/span>January\u00a0<\/span>19,\u00a0<\/span><\/span>2024,\u00a0<\/span><\/span>“in\u00a0<\/span><\/span>exercise\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>powers\u00a0<\/span><\/span>conferred\u00a0<\/span><\/span>by\u00a0<\/span><\/span>sub-rule\u00a0<\/span>(1)\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Rule\u00a0<\/span><\/span>20\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span><\/span>Conduct,\u00a0<\/span><\/span>Discipline\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Appeal\u00a0<\/span><\/span>Rules,\u00a0<\/span><\/span>1977\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Steel\u00a0<\/span>Authority\u00a0<\/span><\/a><\/span>of\u00a0<\/span>India\u00a0<\/span><\/span><\/a>Limited.”<\/span><\/span><\/span><\/span><\/span><\/span>An\u00a0<\/span>additional\u00a0<\/span><\/span>Steel\u00a0<\/span><\/span>Ministry\u00a0<\/span><\/span>PSU<\/span><\/span><\/span> <\/span><\/span><\/span>Additionally,\u00a0<\/span><\/span>NMDC\u00a0<\/span><\/span>declared\u00a0<\/span><\/span>that\u00a0<\/span><\/span>V.\u00a0<\/span><\/span>Suresh,\u00a0<\/span><\/span>a\u00a0<\/span><\/span>board-level\u00a0<\/span><\/span>official,\u00a0<\/span><\/span>had\u00a0<\/span>been\u00a0<\/span><\/span>suspended\u00a0<\/span><\/span>effective\u00a0<\/span><\/span>immediately.<\/span><\/span><\/span> <\/span><\/span><\/span>“Ministry\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Steel\u00a0<\/span><\/span>has\u00a0<\/span>placed\u00a0<\/span><\/span>V.\u00a0<\/span><\/span>Suresh,\u00a0<\/span><\/span>Director\u00a0<\/span><\/span>(Commercial),\u00a0<\/span><\/span>NMDC\u00a0<\/span><\/span>Ltd.\u00a0<\/span><\/span>under\u00a0<\/span><\/span>suspension\u00a0<\/span><\/span>with\u00a0<\/span><\/span>immediate\u00a0<\/span>effect\u00a0<\/span><\/span>in\u00a0<\/span><\/span>exercise\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>powers\u00a0<\/span><\/span>granted\u00a0<\/span><\/span>by\u00a0<\/span><\/span>sub-rule\u00a0<\/span><\/span>1\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Rule\u00a0<\/span><\/span>20\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span><\/span>Conduct,\u00a0<\/span><\/span>Discipline\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Appeal\u00a0<\/span><\/span>Rules,\u00a0<\/span><\/span>1978\u00a0<\/span><\/span>of\u00a0<\/span><\/span>NMDC\u00a0<\/span><\/span>Ltd.,”\u00a0<\/span><\/span>the\u00a0<\/span>company\u00a0<\/span><\/span>stated.<\/span><\/span><\/span> <\/span><\/span><\/span>Additionally,\u00a0<\/span><\/span>SAIL\u00a0<\/span><\/span>announced\u00a0<\/span><\/span>that\u00a0<\/span><\/span>26\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>company’s\u00a0<\/span><\/span>below-board\u00a0<\/span><\/span>personnel\u00a0<\/span><\/span>have\u00a0<\/span>been\u00a0<\/span><\/span>suspended\u00a0<\/span><\/span>immediately.<\/span><\/span><\/span> <\/span><\/span><\/span>Additionally,\u00a0<\/span><\/span>the\u00a0<\/span>business\u00a0<\/span><\/span>has\u00a0<\/span>appointed\u00a0<\/span><\/span>several\u00a0<\/span><\/span>below-board\u00a0<\/span><\/span>authorities,\u00a0<\/span><\/span>such\u00a0<\/span>as\u00a0<\/span><\/span>S.K.<\/span><\/span><\/span><\/span><\/span><\/span>(Marketing\u00a0<\/span><\/span>Services),\u00a0<\/span><\/span>suspended\u00a0<\/span><\/span>effective\u00a0<\/span><\/span>immediately,”\u00a0<\/span><\/span>the\u00a0<\/span>statement\u00a0<\/span><\/span>read.<\/span><\/span><\/span> <\/span><\/span><\/span>SAIL\u00a0<\/span><\/span>said\u00a0<\/span><\/span>in\u00a0<\/span><\/span>a\u00a0<\/span>different\u00a0<\/span>statement\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>matter\u00a0<\/span><\/span>concerns\u00a0<\/span><\/span>some\u00a0<\/span>investigations\u00a0<\/span><\/a><\/span>being\u00a0<\/span>conducted\u00a0<\/span><\/span>in\u00a0<\/span><\/span>compliance\u00a0<\/span>with\u00a0<\/span><\/span>Lokpal’s\u00a0<\/span><\/span>directives.<\/span><\/span><\/span> <\/span><\/span><\/span>“The\u00a0<\/span><\/span>company’s\u00a0<\/span><\/span>business\u00a0<\/span><\/span>is\u00a0<\/span>being\u00a0<\/span><\/span>carried\u00a0<\/span>out\u00a0<\/span><\/span>as\u00a0<\/span><\/span>usual\u00a0<\/span><\/span>and\u00a0<\/span>it\u00a0<\/span><\/span>will\u00a0<\/span>not\u00a0<\/span>impact\u00a0<\/span><\/span>the\u00a0<\/span>performance\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>company,”\u00a0<\/span><\/span>stated\u00a0<\/span><\/span>SAIL\u00a0<\/span><\/span>Chairman\u00a0<\/span><\/span>Amarendu\u00a0<\/span><\/span>Prakash.<\/span><\/span><\/span> <\/span><\/span><\/span>Our\u00a0<\/span>commitment\u00a0<\/span><\/span>is\u00a0<\/span><\/span>to\u00a0<\/span>maintain\u00a0<\/span><\/span>the\u00a0<\/span>utmost\u00a0<\/span><\/span>levels\u00a0<\/span>of\u00a0<\/span><\/span>ethical\u00a0<\/span>behaviour\u00a0<\/span><\/span>and\u00a0<\/span><\/span>corporate\u00a0<\/span>governance.<\/span><\/span><\/span> <\/span><\/span><\/span>SAIL\u00a0<\/span><\/span>is\u00a0<\/span>still\u00a0<\/span><\/span>a\u00a0<\/span>powerful\u00a0<\/span>player\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>market,\u00a0<\/span><\/span>putting\u00a0<\/span><\/span>a\u00a0<\/span>great\u00a0<\/span>emphasis\u00a0<\/span><\/span>on\u00a0<\/span><\/span>customer\u00a0<\/span>satisfaction\u00a0<\/span><\/span>and\u00a0<\/span><\/span>quality.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>largest\u00a0<\/span><\/span>steel\u00a0<\/span><\/span>manufacturer\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>nation\u00a0<\/span><\/span>is\u00a0<\/span><\/span>SAIL,\u00a0<\/span><\/span>which\u00a0<\/span>is\u00a0<\/span><\/span>a\u00a0<\/span>division\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>Ministry\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Steel,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>largest\u00a0<\/span>producer\u00a0<\/span><\/span>of\u00a0<\/span><\/span>iron\u00a0<\/span>ore\u00a0<\/span><\/span>in\u00a0<\/span>India\u00a0<\/span><\/span>is\u00a0<\/span><\/span>NMDC.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

\"Govt
Govt Suspends 3 Directors Of SAIL, NMDC With Immediate Effect<\/figcaption><\/figure>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI, Jan 20: According\u00a0to\u00a0exchange\u00a0filings\u00a0by\u00a0the\u00a0businesses,\u00a0the\u00a0Steel\u00a0Ministry\u00a0has\u00a0suspended\u00a0one\u00a0director\u00a0of\u00a0iron\u00a0ore\u00a0giant\u00a0NMDC\u00a0and\u00a0two\u00a0board-level\u00a0officers\u00a0of\u00a0steel\u00a0PSU\u00a0SAIL\u00a0for\u00a0alleged\u00a0misbehaviour. In\u00a0a\u00a0report\u00a0to\u00a0the\u00a0BSE,\u00a0the\u00a0steel\u00a0PSU\u00a0stated\u00a0that\u00a0SAIL\u00a0has\u00a0also\u00a0suspended\u00a026\u00a0other\u00a0personnel\u00a0for\u00a0violating\u00a0its\u00a0code\u00a0of\u00a0conduct,\u00a0effective\u00a0immediately. According\u00a0to\u00a0the\u00a0filing,\u00a0the\u00a0Ministry\u00a0of\u00a0Steel\u00a0suspended\u00a0V.S.\u00a0Chakravarthy,\u00a0Director\u00a0of\u00a0Commercial,\u00a0and\u00a0A.K.\u00a0Tulsiani,\u00a0Director\u00a0of\u00a0Finance,\u00a0with\u00a0immediate\u00a0effect\u00a0through\u00a0letters\u00a0dated\u00a0January\u00a019,\u00a02024,\u00a0“in\u00a0exercise\u00a0of\u00a0the\u00a0powers\u00a0conferred\u00a0by\u00a0sub-rule\u00a0(1)\u00a0of\u00a0Rule\u00a020\u00a0of\u00a0the\u00a0Conduct,\u00a0Discipline\u00a0and\u00a0Appeal\u00a0Rules,\u00a01977\u00a0of\u00a0Steel\u00a0Authority\u00a0of\u00a0India\u00a0Limited.”An\u00a0additional\u00a0Steel\u00a0Ministry\u00a0PSU Additionally,\u00a0NMDC\u00a0declared\u00a0that\u00a0V.\u00a0Suresh,\u00a0a\u00a0board-level\u00a0official,\u00a0had\u00a0been\u00a0suspended\u00a0effective\u00a0immediately. “Ministry\u00a0of\u00a0Steel\u00a0has\u00a0placed\u00a0V.\u00a0Suresh,\u00a0Director\u00a0(Commercial),\u00a0NMDC\u00a0Ltd.\u00a0under\u00a0suspension\u00a0with\u00a0immediate\u00a0effect\u00a0in\u00a0exercise\u00a0of\u00a0the\u00a0powers\u00a0granted\u00a0by\u00a0sub-rule\u00a01\u00a0of\u00a0Rule\u00a020\u00a0of\u00a0the\u00a0Conduct,\u00a0Discipline\u00a0and\u00a0Appeal\u00a0Rules,\u00a01978\u00a0of\u00a0NMDC\u00a0Ltd.,”\u00a0the\u00a0company\u00a0stated. Additionally,\u00a0SAIL\u00a0announced\u00a0that\u00a026\u00a0of\u00a0the\u00a0company’s\u00a0below-board\u00a0personnel\u00a0have\u00a0been\u00a0suspended\u00a0immediately. Additionally,\u00a0the\u00a0business\u00a0has\u00a0appointed\u00a0several\u00a0below-board\u00a0authorities,\u00a0such\u00a0as\u00a0S.K.(Marketing\u00a0Services),\u00a0suspended\u00a0effective\u00a0immediately,”\u00a0the\u00a0statement\u00a0read. SAIL\u00a0said\u00a0in\u00a0a\u00a0different\u00a0statement\u00a0that\u00a0the\u00a0matter\u00a0concerns\u00a0some\u00a0investigations\u00a0being\u00a0conducted\u00a0in\u00a0compliance\u00a0with\u00a0Lokpal’s\u00a0directives. “The\u00a0company’s\u00a0business\u00a0is\u00a0being\u00a0carried\u00a0out\u00a0as\u00a0usual\u00a0and\u00a0it\u00a0will\u00a0not\u00a0impact\u00a0the\u00a0performance\u00a0of\u00a0the\u00a0company,”\u00a0stated\u00a0SAIL\u00a0Chairman\u00a0Amarendu\u00a0Prakash. Our\u00a0commitment\u00a0is\u00a0to\u00a0maintain\u00a0the\u00a0utmost\u00a0levels\u00a0of\u00a0ethical\u00a0behaviour\u00a0and\u00a0corporate\u00a0governance. SAIL\u00a0is\u00a0still\u00a0a\u00a0powerful\u00a0player\u00a0in\u00a0the\u00a0market,\u00a0putting\u00a0a\u00a0great\u00a0emphasis\u00a0on\u00a0customer\u00a0satisfaction\u00a0and\u00a0quality. The\u00a0largest\u00a0steel\u00a0manufacturer\u00a0in\u00a0the\u00a0nation\u00a0is\u00a0SAIL,\u00a0which\u00a0is\u00a0a\u00a0division\u00a0of\u00a0the\u00a0Ministry\u00a0of\u00a0Steel,\u00a0and\u00a0the\u00a0largest\u00a0producer\u00a0of\u00a0iron\u00a0ore\u00a0in\u00a0India\u00a0is\u00a0NMDC.        <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[67,15,89],"tags":[],"class_list":["post-9318","post","type-post","status-publish","format-standard","hentry","category-header","category-jammu-and-kashmir","category-national"],"gutentor_comment":0,"yoast_head":"\nGovt Suspends 3 Directors Of SAIL, NMDC With Immediate Effect<\/title>\n<meta name=\"description\" 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