Press Esc to close
Sunday 29 March 2015
News updated at 3:29 AM IST
Weather
Max: 34.5°C
Min : 19.9°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
Brand ambassador Pranitha subhash at Jewels exotica Akshaya Tritiya jewellery shopping...

Brand ambassador Pranitha subhash at Jewels exotica Akshaya Tritiya jewellery shopping...

Bollywood actor Katrina Kaif with her wax model at Madame Tussauds in London...

Bollywood actor Katrina Kaif with her wax model at Madame Tussauds in London...

Models at a fashion show at IIFT in Bengaluru on Friday night...

Models at a fashion show at IIFT in Bengaluru on Friday night...

People watch the PSLV-C27 take off carrying India's fourth navigational satellite in Sriharikota...

People watch the PSLV-C27 take off carrying India's fourth navigational satellite in Sriharikota...

A view of Vidhan Soudha which was powered off during the Earth hour in Bangalore...

A view of Vidhan Soudha which was powered off during the Earth hour in Bangalore...

Security persons recover articles after an encounter with the Maoists in Latehar...

Security persons recover articles after an encounter with the Maoists in Latehar...

Dancers perform during  procession to mark the Hindu festival of Ram Navami in New Delhi

Dancers perform during procession to mark the Hindu festival of Ram Navami in New Delhi

Youths participate in a rally during Northeast NSS Festival in Agartala on Saturday...

Youths participate in a rally during Northeast NSS Festival in Agartala on Saturday...

Artists dressed as Hindu gods on the occasion of Rama Navami festival in Bengaluru on Saturday...

Artists dressed as Hindu gods on the occasion of Rama Navami festival in Bengaluru on Saturday...

Artists performing ballet 'Durga Saptashati' in Bhopal on Friday evening...

Artists performing ballet 'Durga Saptashati' in Bhopal on Friday evening...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523