Press Esc to close
Sunday 30 April 2017
News updated at 2:14 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
My Take: Can you count colours? Photo by Nalini R Magal from Hassan...

My Take: Can you count colours? Photo by Nalini R Magal from Hassan...

My Take: Happiness as a warm puppy. Photo by Varsha Chalageri from Dharwad...

My Take: Happiness as a warm puppy. Photo by Varsha Chalageri from Dharwad...

My Take: Pretty posers. Photo by Siddhi Doddanavar, from Belgaum...

My Take: Pretty posers. Photo by Siddhi Doddanavar, from Belgaum...

My Take: You mean, I wont grow up to be a tiger? Photo by Praveenkumar P K from Dharwad

My Take: You mean, I wont grow up to be a tiger? Photo by Praveenkumar P K from Dharwad

The good side vs the bad side. Photo by Gayatri Venkatesh from Bengaluru...

The good side vs the bad side. Photo by Gayatri Venkatesh from Bengaluru...

Border Security Force (BSF) personals handing over a 15 years old Pakistani national Razak...

Border Security Force (BSF) personals handing over a 15 years old Pakistani national Razak...

Basaveshwara statue is decorated on the occasion of Basava Jayanthi and Akshaya Tritiya....

Basaveshwara statue is decorated on the occasion of Basava Jayanthi and Akshaya Tritiya....

A Japanese Hitoshi Takahashi biker performs stunt during Yamaha FMX stunt show in Kochi, Kerala...

A Japanese Hitoshi Takahashi biker performs stunt during Yamaha FMX stunt show in Kochi, Kerala...

People use umbrella to protect from rain at at MG Road and Kasturba Road junction in Bengaluru...

People use umbrella to protect from rain at at MG Road and Kasturba Road junction in Bengaluru...

A lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

A lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

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.