PSUs struggle as govt drags its feet on filling top posts

Wranglings between the administrative ministry overseeing the PSU and the PESB too has held back appointments to key top posts in some cases.

Written by Shyamlal Yadav | New Delhi | Published: March 22, 2012 1:05:44 am

Besides key government-owned financial institutions and infrastructure companies that are operating without a full-time chief at the helm,procedural delays have held-up the appointment of the heads of well over a dozen key public sector undertakings across ministries and departments.

While big financial institutions such as LIC and GIC,along with key infrastructure PSUs such as Coal India,MMTC,NHPC and Nalco,are among those managing without a full-time head,information provided by the Public Enterprises Selection Board (PESB) on an application filed under the RTI Act reveals that there at least 15 PSUs under various ministries where the top post is currently vacant. Some of these PSUs are functioning without a chairperson for over 18 months with the charge being held by some ministry official.

Reasons include hold-ups at the PESB end,delayed clearances from the Central Vigilance Commission and administrative ministries sitting on the appointment files. Wranglings between the administrative ministry overseeing the PSU and the PESB too has held back appointments to key top posts in some cases.

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