Roongta panel report suggests listing of 50 PSUs in 5 years

Tags: News
The government should look at listing 50 state-owned companies in the next five years, a report by a Planning Commission committee on reforms in CPSEs has said.

In a report to the Planning Commission, the committee headed by former SAIL Chairman S K Roongta has suggested that at least 30 Central Public Sector Enterprises (CPSEs) be listed in three years, going up to 50 over five years.

It wants the government to draw up year-wise schedule for the listing of CPSEs on a rolling basis for the next five years. Already, more than 50 PSUs, including SAIL and CIL, are listed on the BSE.

Overall, the committee examined issues such as corporate governance, effective partnership with private sector and has chalked out a plan for further development of PSUs.

The draft report was submitted to the Department of Public Enterprises (DPE) last year for finalising these recommendations.

"We have finalised the recommendations and sent the report to the Cabinet few days back. The report is likely to be taken up by the Cabinet in the next one month's time," Secretary in DPE O P Rawat told reporters on the sidelines of an Assocham function here.

The committee has given 40 suggestions which include better corporate governance, more autonomy to boards of PSUs, better resources utilisation and transparency, Rawat said.

Planning commission member Arun Maira said PSUs should create a role model in best use of the available land with them and have more efficient management.

Also, he said, there is a greater need to harness domestic mineral resources rather than simply focusing on imports.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture