Ministers to decide on additional charge of CMD, MD in CPSEs

They will be able to decide on the duration of additional charge arrangements

GN Bureau | June 14, 2016


#PSU   #Narendra Modi   #Rajnath Singh   #CMD   #MD  

 The appointments committee of the cabinet (ACC) has delegated its power to approve additional charge arrangements of the board level posts in central public sector enterprises (CPSEs) to the minister-in-charge of the administrative ministry or department concerned.

The ACC is headed by prime minister Narendra Modi and has home minister Rajnath Singh as its lone member.
 
According to the new norms issued by the ministry of personnel, public grievances and pensions, the additional charge of chairman- cum-managing director (CMD) and Managing Director (MD) in CPSEs will now be decided by the minister concerned and not the prime minister.
 
They will be able to decide on the duration of such additional charge arrangements. The new rule amends 10-year-old guidelines.
 
All public enterprises are categorised into four schedules namely - A, B, C and D. The pay scales of chief executives and full time functional directors of public sector enterprises are linked with the schedule of the enterprise concerned. The ministers will be able to approve additional charge of board levels posts of schedule C and D CPSEs.
 
Categorisation of CPSEs is based on quantitative factors like investment, capital employed, net sales, profit, number of employees and qualitative factors like national importance. There are 64 Schedule C and 11 Schedule D CPSEs.
 

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