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

How Covid-19 can be a boon to slash tobacco disease burden

 The two-month Covid-19 lockdown has been both a bane and a boon for India’s 27 crore tobacco users. With tobacco not included in the list of essential goods and many states explicitly banning chewing tobacco over concerns of spitting, the sharp drop in availability has forced them to undergo wi

Maharshtra braces to face Cyclone Nisarga

 Even as Mumbai fights challenges posed by COVID-19 on multiple fronts and as the  coronavirus cases continue to rise daily, the city now faces a double whammy with the cyclone ‘Nisarga’ slated to make the landfall in Maharashtra Wednesday. A state-wide alert has been issued for Mumba

Harnessing the demographic capital: how effective are skilling programmes?

Probing data concerning increased job creation and the decline in unemployment has been holding the attention of economists and been subject of discussions in several think tanks in the preceding months. The NITI Aayog reports that 3.53 million new jobs were created between September 2017 and February 2018

It`s time to Unlock now, with economic focus

With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo

Small kitchen gardens turn saviours for Gujarat tribal families

When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has

India will set example of post-Covid-19 economic revival: Modi

India is determined to “set an example” for the rest of the word in the post-pandemic economic revival, prime minister Narendra Modi has said, underling the need to become self-reliant. “There is also a widespread debate on how the economies of various countries, including



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter