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You are here: Home / CGE LATEST NEWS / Revival and Restructuring of CPSEs
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Revival and Restructuring of CPSEs

October 5, 2018 rajasinghmurugesan

Revival and Restructuring of CPSEs

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 1375
ANSWERED ON: 22.12.2017

Revival and Restructuring of CPSEs

SHRIKANT EKNATH SHINDE
DHARMENDRA YADAV
ANANDRAO ADSUL
PRITAM GOPINATH MUNDE
Will the Minister of

FINANCE be pleased to state:-

(a) whether the ailing Central Public Sector Enterprises (CPSEs) need revival and restructuring and if so, the details thereof:
(b) whether the Government has issued guidelines for revival and restructuring of such ailing CPSEs and if so, the details thereof:
(c) whether the private participation is also being considered in this regard and if so, the details thereof: and
(d) the extent to which these guidelines will be beneficial for revival and restructuring of these CPSEs?

ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PON. RADHAKRISHNAN)

(a) to (d) Department of Public Enterprises (DPE), as a nodal department, have issued guidelines on 29.10.2015 for “Streamlining the mechanism for revival and restructuring of sick/ incipient sick and weak CPSEs”. CPSEs function under the administrative control of various Ministries/ Departments. As per the guidelines, the responsibility for addressing the sickness of Central Public Sector Enterprises (CPSEs) lies with the concerned administrative Ministries/ Departments. The administrative Ministries/ Departments monitor the sickness of CPSEs and identify the sick/ incipient sick/ weak CPSEs functioning under their control based on the performance and take timely redressal measures. The concerned administrative Ministries/ Departments formulate revival/ restructuring plans, which may include disinvestment or privatization, for the CPSEs on a case-to-case basis. Guidelines lay down that the process for revival and restructuring of sick / incipient sick and weak CPSEs be made time bound, comprehensive, performance driven and efficient.
*****

Related posts:

  1. Government Formulating Policy for Raising Retirement age(58 to 60) in Sick & Loss Making CPSEs
  2. CPSEs  – Revised guidelines for closure
  3. Age of Superannuation of Employees of Sick Central Public Sector Enterprises
  4. IMPLEMENTATION OF REVISED VOLUNTARY RETIREMENT SCHEME FOR SICK CPSES EMPLOYEES
  5. Revival/Restructuring of Heavy Engineering Corporation Limited, Ranchi
  6. Applicability of instructions regarding reservation to ST/ST/OBC/Disability & Ex-servicemen as issued by Government Ministries / Departments, to Central Public Sector Enterprises (CPSEs).
  7. Finalization of terms and conditions including pay fixation in respect of Board Level Executives of CPSEs, revised procedure thereof
  8. Superannuation Benefits Schemes for employees of CPSEs clarification regarding Technical Formality
  9. Allowing vigilance functionaries on deputation to CPSEs the option to draw pay either in the CPSEs pay scale or pay in the parent cadre
  10. Reservation for EWSs in CPSEs – DPE
  11. Cut-off age to Board level appointment in Central Public Sector Enterprises (CPSEs)
  12. Appointment of Security Personnel in CPSEs from Ex-servicemen Security Agencies sponsored by the DGR
  13. Freezing of DA to Employees of CPSEs IDA pay scale at current rates till 30th June, 2021
  14. Utilisation of the facilities of Central Public Sector Enterprises (CPSEs)-Instructions regarding.
  15. Clarification on Payment of Gratuity to the CPSEs Employees
  16. DA Payment to the employees(CPA) pay scales of CPSEs governed by HPPC recommendations -6th CPC
  17. Payment of IDA at revised rates(7.3%) 01.01.2017-CPSEs
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  19. Appointment of Security Personnel in CPSEs from Ex-servicemen Security Agencies sponsored by the DGR
  20. Payment of IDA at revised rates – Revision of scales of pay w.e.f. 01.01.1997(CPSEs)

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