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

Demonetisation: When cash played peek-a-boo

Post-demonetisation, cash did the Houdini vanishing trick at ATMs. With currency notes playing hide and seek, life was sheer misery. Things improved a bit, but the situation is back to square one. The ATMs are running dry, yet again. Rajiv Bajaj, scion of the family that makes hugely popular

Stories you must read over the weekend

  Tribals in the land of the legendary Birsa Munda in Jharkhand are fighting against the amendments of the Chotanagpur Tenancy Act (CNTA) and Santhal Pargana Tenancy Act (SPTA). These were hastily changed by the BJP government – first by an ordinance in June, and then, amendments i

NHRC recommendations cannot be set aside with impunity: justice Bhandari

  Recommendations by the National Human Rights Commission (NHRC) cannot be set aside with impunity merely on the ground that it is a recommendatory body,” said justice Dalveer Bhandari, member, international court of justice.    Addressing the meet

NALCO mines get 5-star rating for sustainable development initiatives

   The Panchpatmali bauxite mines of national aluminum company limited (NALCO) has been conferred with a 5-star rating by the ministry of mines.   The 5-star rating award, along with a certificate of excellence was handed over to Tapan Kumar Chand, CMD,

Some Odisha coal mines not being fully utilised

It is a fact that some of the opencast projects (OCP) of Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, are not being utilised up to their full capacity despite having good potential for coal production, the Lok Sabha was informed. Union minister Piyush Goyal said tha

MGNREGS: 21 states have performed below par

In Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the average persondays generated at the national level is 39 days per rural household in the financial year (FY) 2016-17 (as on February 1, 2017). During the same period, 21 states have reported average persondays per household lower t

Video

आतंकियों की नकेल कसने में जुटा पाकिस्तान
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter