Press Esc to close
Tuesday 03 May 2016
News updated at 2:48 AM IST
Weather
Max: 36.6°C
Min : 24.4°C
In Bengaluru
Sunny day

State PSUs may get more autonomy

New Delhi, Nov 17, 2012, PTI :

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
Flames trail Danica Patrick's car after she crashed into Matt Kenseth...

Flames trail Danica Patrick's car after she crashed into Matt Kenseth...

A Hindu priest holds a traditional lamp as he performs evening prayers called Aarti...

A Hindu priest holds a traditional lamp as he performs evening prayers called Aarti...

A scene at a road during dust storm in Jaipur on Monday...

A scene at a road during dust storm in Jaipur on Monday...

A massive fire broke out in forest areas of Bathuni and Gambr of the Rajouri forest...

A massive fire broke out in forest areas of Bathuni and Gambr of the Rajouri forest...

Thunderstorm seen in the background of Amba Vilasa Palace and Chamaraja Circle, after dizling rain..

Thunderstorm seen in the background of Amba Vilasa Palace and Chamaraja Circle, after dizling rain..

Fishermen throwing a net to catch fish in river Ganga in Kolkata on Monday...

Fishermen throwing a net to catch fish in river Ganga in Kolkata on Monday...

Blue-tailed bee-eaters at Bura Chapori Wildlife Sanctuary in Nagaon...

Blue-tailed bee-eaters at Bura Chapori Wildlife Sanctuary in Nagaon...

A White Peafowl at its enclosure on a hot summer day at Zoo in Surat...

A White Peafowl at its enclosure on a hot summer day at Zoo in Surat...

Sadhus offer prayers while sitting inside circles of burning dried cow dung cakes...

Sadhus offer prayers while sitting inside circles of burning dried cow dung cakes...

Two White Bucks or Albino Black bucks at their enclosure on a hot summer day at Zoo....

Two White Bucks or Albino Black bucks at their enclosure on a hot summer day at Zoo....