HR NEWS

PM Narendra Modi to prod heads of public sector enterprises

PM Narendra Modi to prod heads of public sector enterprises

The National Democratic Alliance (NDA) government is drawing up a strategic plan for the central public sector enterprises (CPSEs) in what could signal its intent to revamp these units in order for them to contribute to the economy and nation-building in a more efficient manner. According to official sources, Prime Minister Narendra Modi will deliberate with the top executives of these companies on the ways to improve their performance. CPSEs in recent years have enhanced their profile with a much larger share in public investments without compromising on their contribution to the government coffers by way of dividends and taxes. In the first conference with the CPSE top brass after he assumed office, Modi will ascertain from them the ways to make these companies capable of playing transformative roles to boost economic growth, the sources said. At the same time, the government is going ahead with its plan to complete strategic sales of a clutch of CPSEs this fiscal, in what marks revisiting the policy after 13 long years. On their part, the CPSE chiefs are likely to list out key issues faced by them like autonomy, disinvestment plans, and the need to improve the memorandum of understanding system with the government where financial targets are set. Making the boards of these firms more professional and flexible to market realities is also on the agenda.

Source: Financial Express

8 months ago

By HR Reporters

Related Tags :

Social Share : Share      

Comments.....

Submit new comment

Most Viewed

Air India unauthorised payment scam: Chief Vigilance Officer Shobha Ohatker unde...

10 months ago

Prosecutors appeal against ruling on Samsung heir...

10 months ago

This company spent $6m to close gender pay gap...

8 months ago

Arundhati Bhattacharya – Captain Courageous: SBI chairman weathered NPA storm an...

8 months ago

FE Best Bank Awards - 2017 Declared...

6 months ago

Ketamine may reduce suicidal thoughts, says study...

6 months ago

UPSC IFS Mains examination 2017 to be conducted from December 3, Detailed Applic...

9 months ago

WhatsApp co-founder Brian Acton to leave company...

9 months ago

Gene therapy helps treat life-threatening skin disease...

7 months ago

Pearson slashes 3,000 jobs, reduces dividend in latest recovery push...

10 months ago

Most Shared

Mass redundancies for Quebec cookie factory...

2 years ago

Trump this: 5 bold predictions for how he’ll impact HR...

2 years ago

InfoTycoon appoints existing President and COO Kevin George to succeed James Dav...

2 years ago

Sushant Dwivedy joins Aspiring Minds as SVP-Enterprise Client Solutions...

2 years ago

Uber introduces special reward programme...

2 years ago

Standard Chartered Bank to reduce 10% corporate & institutional banking staff...

2 years ago

National CineMedia (NCM) creates Affiliate Partnerships team, names Stacie Tursi...

2 years ago

OCC Names New CFO, Treasurer, and Chief Compliance Officer...

2 years ago

Beards at work are now a major turn-off say 61% of female office workers...

2 years ago

First female fast jet pilot of Britain hired as director at PwC...

2 years ago