autonomy to psus

Monday, August 08, 2005

Rajya Sabha

The Ad-hoc Group of Experts (AGE) headed by Dr. Arjun Sengupta has made various recommendations on empowerment of Central Public Sector Enterprises. The Government has accepted some of the recommendations of AGE relating to enhancement of financial powers of Navratna, Miniratna and other profit-making Central Public Sector Enterprises (CPSEs). The remaining recommendations relating to ownership issues, audit of Government companies, Article 12 of the Constitution. Parliamentary Accountability, Vigilance Management in CPSEs, etc. are under examination.

This information was given by the Minister of Heavy Industries and Public Enterprises, Shri Sontosh Mohan Dev in a written reply to a question in Rajya Sabha today.

MG/PM