The All India Anna Dravida Munnetra Kazhagam (AIADMK) on Thursday elected V K Sasikala (known as Chinnaamma), close aide of late Chief Minister J Jayalalithaa, as general secretary. At the party’s general council meeting on Thursday, the resolution for appointing Sasikala as Jayalalithaa’s successor was approved by the 2,490 members.
ONGC did not have enough independent directors on its board while approving the purchase of an 80 per cent interest in the Krishna Godavari basin oil block owned by Gujarat State Petroleum Corporation (GSPC) last week. Corporate governance experts have questioned the validity of a deal cleared by such an incomplete board, while the company argued that it was a "normal business decision" and did not result in any undue advantage for the majority shareholder.
Pradhan Mantri Ujjwala Yojana
Making it one of the most successful social-sector projects of the Narendra Modi-led government, the Pradhan Mantri Ujjwala Yojana (PMUY) has achieved its target to give cooking gas connections to 15 million families in 2016-17.