PSUs can now hire talent from private sector -Governance Now

PSUs can now hire talent from private sector

Cabinet gives nod to selection of candidates from SPSEs and private sector as non-internal candidates for five years for appointment in CPSEs

GN Bureau | June 2, 2016

#PSUs #cabinet #CPSEs #SPSEs #private sector #talent

The central public sector enterprises (CPSEs) can now hire talented and experienced people from state public sector enterprises (SPSEs) and private sector. The union cabinet on Wednesday gave ex post facto approval to the proposal, according to the news reports.

Under the proposed amendments, candidates can be selected from the SPSEs and private sector as non-internal candidates for five years for appointment in CPSEs.

Another amendment pertains to holding of office by the Public Enterprises Selection Board [PESB] chairperson and members for three years from the date of assumption of charge or until they attain the age of 65 or until further orders, whichever is earlier.

According to the official statement, the amendments will continue to provide a wider pool of professionals for selection by allowing the candidates from SPSEs and private sector to be considered for senior positions in the CPSEs.

Also, it added, the move will benefit CPSEs by the skill-sets and domain expertise of those coming from the SPSEs as well the private sector. It will also ensure that the CPSE senior management gets the benefit of the perspective gained both within and outside.

Comments

Other News

When Nandini Satpathy told Biju Patnaik: ‘I’ll sit on the chair you are sitting on’

Nandini Satpathy: The Iron Lady of Orissa By Pallavi Rebbapragada Simon and Schuster India, 321 pages, Rs 765

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool