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

Govt considers fixing driving hrs of commercial vehicles

Union Minister of Road Transport and Highways Nitin Gadkari has emphasised deciding driving hours for truck drivers of commercial vehicles, similar to pilots, to reduce fatigue-induced road accidents. In a Na

Telecom department simplifies KYC processes for mobile users

In a step towards Telecom Reforms which aim to provide internet and tele connectivity for the marginalised section, the Department of Telecommunications, Ministry of Communica

Mumbai think tank calls for climate action

Raising concerns over rising seawater levels and climate change, Mumbai First, a 25-year-old public-private partnership policy think tank, has written letters to Maharashtra chief minister Uddhav Thackeray, minister for environment and climate change, tourism and protocol, Aditya Thackeray and Mumbai munic

Creation of ‘good bank’ as important as ‘bad bank’ for NPA management

After the recent announcement of the government guarantee for Security Receipts (SRs) to be issued by a public sector-owned National Asset Reconstruction Company Ltd (NARCL), there is a surge of interest around this desi version of a super bad bank. The entity will acquire around ₹2 trillion bad debts fr

V shape recovery an exaggeration: Gurcharan Das

The notion of a V-shape economic recovery is an exaggeration, and the informal economy and the poor have been terribly hurt during the Covid-19 period, says Gurcharan Das, author, commentator and public intellectual. “A V-shape recovery is an exaggeration. The informal economy and the

Covid-19 antibodies found in 86.64% Mumbai citizens

As many as 86.64% citizens of the city of Greater Mumbai have antibodies, according to the fifth sero-prevalence survey. Among the people who are fully or partially vaccinated, the antibodies were found in 90.26%, while among the unvaccinated citizens, 79.86% had antibodies. The Municipal C

Visionary Talk: Gurcharan Das, Author, Commentator & Public Intellectual on key governance issues


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter