gfiles governance awards 2019
By the Way

Snafu in PSUs

img-dec2015-29Public Sector Undertakings (PSUs) are crucial for any government but it’s very difficult to understand their complete network and they are dealt with by related domain ministries. The Modi government has a massive restructuring and disinvestment plan for PSUs. Approximately 50 of them can sustain themselves, the rest are like the burden on Atlas’ shoulders. But the government is cautious regarding those PSUs that need a Chairman and Managing Director (CMD). It appears there is a crisis of competent and worthy people to appoint. The National Mineral Development Corporation, the Steel Authority of India and NTPC are examples of important PSUs which are headless. These are massive PSUs with budgets equalling the national budgets of some of the tiny European countries. Functioning without a head or led by an officer with additional charge affects the performance of the organisation. Major policy decisions are not being taken. And this impact travels down the line in the organisation. Though CMDs for NMDC and SAIL have been selected by the PESB, their files are awaiting approval for months. Nothing can be done to speed it up. The PM cannot be directly approached for this. Sorry status quo.

VOL. 9, ISSUE 9 | DEC, 2015

Post Comment

To Top
LATEST ARTICLES
close slider
VOL.13 | ISSUE 8 | NOV 2019
CORRUPTION
FROM RAJ TO RAFALE 14: The Body Collectors
COVER STORY
Kejriwal: A political revolutionary or Machiavelli?
GLOBAL SCAN
Playing with the minds of VOTERS
GOVERNANCE
Mandate 2019: Calling for Stringent Social Audit
GOVERNANCE
Revitalising agriculture: Advisory services is the way ahead
GOVERNANCE
Electric vehicles: Myths and reality
By the way
Secretary Agriculture in soup
By the way
IAS Association: Team of two
By the way
Mehta vindicated, at last
Bric-a-brac
Fadnavis left in the lurch?
Bric-a-brac
Will Modi bail out Trump?
Bric-a-brac
Modi’s new pawn in Punjab
Bric-a-brac
The deal maker