'Govt mulling greater autonomy for CPSEs'

PRESS TRUST OF INDIA

New Delhi, Nov 17: 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," Secretary in the Department of Public Enterprises ( DPE) O P Rawat said.
 He was speaking at a seminar on 'Training Need Assessment in State Level Public Enterprises (SLPEs)' here yesterday.
 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.

Lastupdate on : Sat, 17 Nov 2012 21:30:00 Makkah time
Lastupdate on : Sat, 17 Nov 2012 18:30:00 GMT
Lastupdate on : Sun, 18 Nov 2012 00:00:00 IST




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