Press Esc to close
Thursday 24 August 2017
News updated at 4:10 PM IST

State PSUs may get more autonomy

New Delhi, Nov 17, 2012, PTI : 21:17 IST
The government is considering giving greater autonomy and empowerment to central public sector enterprises (CPSEs), a top official said.

“More reforms are under consideration pursuant of CEOs of CPSEs meeting with Prime Minister Manmohan Singh,” Department of Public Enterprises (DPE) Secretary O P Rawat said.

He was speaking at a seminar on ‘Training Need Assessment in State Level Public Enterprises (SLPEs)’ here. Rawat said several reforms such as memorandum of understanding (MoU) exercise, quarterly performance review and empowerment of the board of companies, have been introduced for CPSEs.

On October 23, the Prime Minister had convened a meeting of heads of 25 CPSEs such as ONGC, GAIL, NTPC, SAIL, and BHEL.

The PSUs were clearly told that either they invest their huge surplus or pay it back as special dividend to the exchequer. At present, about 25 central PSUs have surplus funds worth Rs 2.5 lakh crore.

Besides, issues related to environmental clearances, selection of independent directors, autonomy and empowerment of CPSEs, their disinvestment plans and professionalism in boards were discussed during the meeting.

Go to Top

Photo Gallery
An artist giving final touches to an idol of Lord Ganesha idols in Chikmagalur in Karnataka...

An artist giving final touches to an idol of Lord Ganesha idols in Chikmagalur in Karnataka...

A worker arranges the clay idols of Lord Ganesh at a road side stall ahead of Ganesh Chaturthi...

A worker arranges the clay idols of Lord Ganesh at a road side stall ahead of Ganesh Chaturthi...

Paramilitary personnel at a mock drill during a flag march in Bathinda...

Paramilitary personnel at a mock drill during a flag march in Bathinda...

Women show their ink-marked fingers after casting votes for Bawana assembly seat by-election...

Women show their ink-marked fingers after casting votes for Bawana assembly seat by-election...

A woman walks through a flooded village in Motihari, Bihar State, India...

A woman walks through a flooded village in Motihari, Bihar State, India...

People are rescued from a flooded village in Motihari, Bihar State...

People are rescued from a flooded village in Motihari, Bihar State...

Derailed coaches of Delhi-bound Kaifiyat Express train after it collided with a dumper near...

Derailed coaches of Delhi-bound Kaifiyat Express train after it collided with a dumper near...

Two Interceptor boats that would enhance coastal security and monitoring for the Coast Guard...

Two Interceptor boats that would enhance coastal security and monitoring for the Coast Guard...

Sand artist Sudarsan Pattnaik creates a sand sculpture with the message 'Triple Talaq...

Sand artist Sudarsan Pattnaik creates a sand sculpture with the message 'Triple Talaq...

A boy running on a wooden bridge through a floating garden of lotus flowers on...

A boy running on a wooden bridge through a floating garden of lotus flowers on...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.