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

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.

Comments

Other News

`One Nation One Election` gets cabinet nod

The union cabinet, chaired by prime minister Narendra Modi, has accepted the recommendations of the High-Level Committee on Simultaneous Elections under the chairmanship of former president Ram Nath Kovind. Simultaneous elections: recommendations of high-level committee

Kejriwal resigns as Delhi CM, Atishi stakes claim

Aam Aadmi Party national convener Arvind Kejriwal Tuesday resigned as Delhi chief minister, even as the party supported Atishi to take over that position. Kejriwal, facing corruption allegations in an excise policy case, was granted bail by the Supreme Court last week. His colleague, deputy

Lines that unite, lines that separate

Lines and Lives: Stories of Conflict, Resilience and Hope from Jammu and Kashmir Borderlands Edited by Mohita Bhatia, Rekha Chowdhary and Sandeep Singh Orient BlackSwan, 280 pages, Rs 1,510

WEF, MMRDA ink deal to transform MMR into global fin hub

The World Economic Forum (WEF) will provide funds to Maharashtra government for making Mumbai Metroplolitan Region (MMR) a global financial hub. An MoU between MMRDA (Mumbai Metropolitan Region Development Authority) and WEF was signed by Klaus Schwab, founder and executive Chairman, World

How to be prepared for the next pandemic

NITI Aayog on Wednesday released an Expert Group report, titled ‘Future Pandemic Preparedness and Emergency Response — A Framework for Action’. The expert group in the report has provided a blueprint for the country to prepare for any future public health emergency or pandemic and have a