Maharashtra government to disinvest in loss-making units

GN Bureau | November 16, 2015




The Maharashtra government has decided to disinvest its assets in seven loss-making public aector wnterprises (PSEs) in the state. At present, there are 55 such PSEs under administrative control of 20 departments.

The seven ailing PSEs in the line of disinvestment are - MAFCO, MELTRON, Maharashtra Land Development Corporation, Maharashtra Textile Development Corporation, and Vidarbha, Marathwada and Konkan Development Corporations.

Principal secretary finance (reforms) Bijay Kumar said that in case of MAFCO, the land owned by it has been given back to the original owners.

The idea of closing down some of the loss-making state PSEs has been on the agenda of governments since 1990.

In 2000, the then government by an Act had set up the Maharashtra Board for Restructuring State Public Enterprises (MBRSE) to decide on disinvesting or restructuring these ailing PSUs in the state. However, in 2007, the Act was scrapped. The MBRSE had then recommended disinvestment and revitalisation of the 11 state PSEs.

An official from the Finance department said that the government at present is undertaking selling off the assets of these state PSEs and returning the land to the concerned government departments.

The staff in such PSEs have either been offered Voluntary Retirement Scheme (VRS) or absorbed by their parent departments, he said.

Out of the 55 loss-making state PSEs, 14 belong to the Industries, Energy and Labour department, six belong to Social Justice department, six belong to Water Resources department and five to Cooperation and Marketing department.

The rest of them belong to Agriculture, Dairy Development, Tourism and other departments. Notably, some of the state PSEs have out-lived their utility.

The Maharashtra Land Development Corporation was set up to develop agricultural land, and through the Maharashtra State Farming Corporation, the government engaged itself in farming and producing crops and vegetables. The government also sold milk through the milk distribution scheme.

Interestingly, BJP Maharashtra Unit president Raosaheb Danve and Chief Minister Devendra Fadnavis had announced appointment of party leaders and workers in PSEs.

The sharing of PSEs between BJP and Shiv Sena is yet to be finalised as both parties have not reached a final conclusion over the sharing formula.

Comments

 

Other News

Battle over cattle, Delhi govt schools lead the way and, why we must return to Gandhi & Tagore

On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati

BEML unveils 9 MW capacity windmill park

  BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption.   In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently

BHEL registers increase in intellectual capital

  Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights

NALCO partners with CII, Odisha for outreach programmes on GST

  National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other stakeholders on GST implementation.   Series of interactive programmes are being

EPFO inks MoU with HUDCO for Housing for All by 2022

  Taking prime minister Narendra Modi’s vision of ‘Housing for all by 2022’ forward, Employees` Provident Fund Organisation (EPFO) has amended the EPF Scheme, 1952 to provide assistance in acquiring affordable houses to the EPF members by allowing withdrawal from PF to

IndianOil LPG import terminal to reduce refill backlog in Kerala

IndianOil is currently transporting bulk LPG from Mangalore to various LPG bottling plants in north Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG import terminal to Kochi Refineries Limited and the LPG bottling plants at Udayamperoo



Video

पाकिस्तानी सेना कैमरे में कैद करना चाहती थी ये हमला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter