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

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj

Cabinet approves setting up of Integrated Transport & Logistics Authority

The union cabinet, chaired by prime minister Narendra Modi, on Tuesday approved the setting up of a Special Purpose Vehicle (SPV), called Integrated Transport & Logistics Authority (ITLA), to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transp

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter