CPSEs should be allowed to die if they fail to compete, he adds
GN Bureau | May 7, 2016
State-run companies need to be kept at an arm's length from their administrative ministries and should be given more freedom and flexibility, said NITI Aayog CEO Amitabh Kant.
He said ‘Make in India’ will not succeed without the public sector and it should be given more freedom and flexibility. “The government must keep a hands-off approach and increase professionalism,” he said at an event, The Economic Times reported.
He also said that there is a need to bring in outstanding professionals as directors on the board of the companies. “The management needs to bring in innovation, structure and take on the world,” he said. He added that private and public sector companies should be treated similar and central public sector enterprises (CPSEs) should be allowed to die if they fail to compete. Questioning the current system of evaluation of CPSEs, Kant said, “The current MoU system needs to be done away with.”
NITI Aayog will play a significant role in the process of disinvestment this fiscal. Finance minister Arun Jaitley in his Budget 2016 speech had said that the Aayog will identify CPSEs for strategic sale. The government aims to collect Rs 56,500 crore through disinvestment in PSUs this fiscal.
Even as a vision and a strategy agenda is in "advanced stages" of finalisation at NITI Aayog, the government think tank has released a draft three year action agenda for public consultation. The draft action agenda, divided in seven parts and 24 chapters, proposes to reduce
The National Human Rights Commission (NHRC) on Tuesday said it was “disturbed” over the killing of 25 Central Reserve Police Force (CRPF) personnel by Naxalites in Chhattisgarh on April 24. The troopers were attacked while on duty for securing road construction work in the Bur
Twitter Sewa unveiled by the ministry of telecommunications last year to resolve users’ complaints through micro blogging site Twitter has yielded fruitful results by resolving 99 percent of the complaints. According to BSNL data, as on April 15, 2017, it has receiv
What is your perception about Arvind Kejriwal’s brand of politics? In Delhi, after the BJP and the Congress, people wanted to give the Aam Aadmi Party a chance. However, after the Delhi assembly polls, his (Kejriwal`s) political fortune has been on the declin
Bharat Heavy Electricals Limited’s biggest export order, valued at Rs 10,000 crore for setting up 1,320 MW Maitree thermal power project in Bangladesh has taken-off following the issuance of the ‘notice to proceed’ by the developer. BHEL said that it won a
Mozilla is working on two separate goals in net neutrality. One is to bring everyone online; ensure that everyone has access to the internet. The other is to ensure that the network should remain open and diverse. We want people to have access to the whole diversity of the internet and not just in