PESB restructure proposal “seriously” considered

The board had sent a proposal to the government seeking statutory powers

jasleen

Jasleen Kaur | August 11, 2014



The reform proposal, seeking statutory powers to the public enterprises selection board (PESB) is under serious consideration by the government, says Rajiv Rai, secretary at the board. The PESB functions as the selection body for appointing PSU executives

To restrict the role of political executive in the appointment of top-level executives in central public sector enterprises (CPSEs), PESB had last year sent a proposal seeking statutory powers to the board. The department of personnel and training gave final shape to the proposal and the department of public enterprises also supported it. 

“It involves several processes before it becomes the bill. Opinions of other ministries are also being considered on this matter and simultaneously our views are also taken. Out of the many policy reviews undertaken by the new government, they are pleased with the changes proposed in the structure of PESB. Nothing has happened in terms of notification though,” Rai told Governance Now.

Though Rai did not agree on any political intervention during the selection process of the CPSE executives, he pointed out on the need to give PESB a more robust status. He said that the appointment of CMDs and other executives at CPSEs is done by the board in a very fair and objective manner and generally their recommendations are accepted.

“We have our own process of calling for appointments and selecting the final candidates. The proposal is just to further strengthen the process of selection,” he said.

While it identifies executives for filling vacancies, conducts interviews and finalises suitable candidates, the process is completed only after the name is approved by the administrative ministry and a final clearance is taken from the appointments committee of cabinet (ACC) headed by the prime minister. And most delays in filling of vacancies takes place at the stage of getting the approval of the administrative ministry and the minister. The proposal seeks for a change where PSEB's decisions on such appointments are final without any need for formal approval from the administrative ministry.

“Though just bringing a statutory status won’t bring much difference in the functioning and the structure of the board. The idea is to bring in reforms and to further strengthen the board. UPSC is a constitutional body. Still, at times the recommendations made by them are rejected by the government.”

Comments

 

Other News

This tree in Bihar turns out to be the oldest accurately dated banyan

A banyan tree in Munger, Bihar, estimated to be around 700 years old, has been identified as the oldest accurately dated banyan tree, Ficus benghalensis, using radiocarbon dating, a method that relies exclusively on scientific evidence rather than historical records or local lore. Banyan

Corporate Governance 3.0: What the boardroom of 2030 will look like

The phrase "corporate governance" often evokes images of board meetings, compliance checklists, and regulatory filings. For years, governance was viewed primarily as a mechanism to prevent fraud, protect minority shareholders, and ensure regulatory compliance. However, the events of the last deca

India, Japan open "a new chapter in special strategic and global partnership"

India and Japan are opening a new chapter in their special strategic and global partnership with the visit of prime minister Sanae Takaichi, India`s prime minister Narendra Modi said on Thursday,   "I had said in the G7 summit a few days ago that, in this environment of

AI studies sun images to track bright solar regions

Artificial Intelligence has been used to trace the shift in magnetically active patches on the Sun from 1916 to 2007 by scanning 100 years of hand-drawn Sun records from the Kodaikanal Solar Observatory (KoSO). This could give a much longer view of how solar activity changes over time.  

General Dhiraj Seth takes over as Chief of Army Staff

General Dhiraj Seth, PVSM, UYSM, AVSM, took over as the 31st Chief of the Army Staff (COAS) from General Upendra Dwivedi, PVSM, AVSM, who superannuated after more than four decades of distinguished service to the nation on Tuesday.   General Dhiraj Seth is an alumnus of the N

The women India doesn`t count enough

She runs a tailoring shop from a single room in her house. Every morning she stitches school uniforms, answers queries on WhatsApp, collects payments through UPI and orders fabric online. Officially, she still belongs to India`s informal economy. Yet her enterprise is no longer disconnected from the formal





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter