Friday, December 30, 2011

Achievements of Department of Public Enterprises During the Year 2011

The Department of Public Enterprises(DPE) laid down a number of policy guidelines for performance improvement, evaluation , autonomy and financial delegation, personnel management and other related areas for the Central Public Sector Enterprises (CPSEs) , during the year 2011. It acted as an interface between various parliamentary and government organizations and the CPSEs. Production of the CPSEs under the Department stood at Rs. 28575.68 crore during April to November, 2011 as against the Rs. 25002.19 crore during the corresponding period of last year. This shows positive growth of 14.29% compared to the last year.

Memorandum of Understanding(MoU) of CPSEs - 197 CPSEs signed MoU for the period 2011-12. The performance evaluation of MoUs of 2009-10 of 145 CPSEs was completed by the DPE. Guidelines on Sustainable Development, Human Resource Management and Research and Development for MoUs of CPSEs were issued in September, 2011.
< br> Maharatna and Navratna – Coal India Limited was granted Maharatna status on 11 April, 2011 and Neyveli Lignite Corporation was granted Navratna status on 11 April, 2011. Presently there are 5 Maharatna and six Navratna CPSEs.

Policy for Acquisition of Raw Material Assets Abroad by CPSEs – During this year the Government approved the policy for acquisition of raw material assets abroad by CPSEs. Guidelines regarding this policy were also issued. This policy aims to provide an integrated coordination mechanism to fast track the proposals of CPSEs in this regard and also to enhance the powers delegated to the boards of Maharatna and Navratna CPSEs for the purpose of acquisition of raw material assets abroad.

Revival of sick PSEs - During 2011, based on the recommendation of the Board for Reconstruction of Public Sector Enterprises (BRPSE), the Government approved the revival of three CPSEs viz., Scooter India Limited, Biecco Lawrie Limited and Hoogly Dock & Port Engineers Limited. The BRPSE during this period also reviewed the status of implementation of its recommendations in respect of nine CPSEs and implementation of approvals of Government in case of 16 CPSEs.

Government has so far approved revival of 43 CPSEs envisaging a total cost of Rs. 25084 crores from the Government of India. Out of these 43 CPSEs, 24 posted profit during 2010-11 and out of these 24, 13 CPSEs have posted profit consecutively for three years or more.

Guidelines for CPSEs – a number of guidelines were issued to CPSEs for better management and planning. They include guidelines on expenditure management, economy measures and rationalization of expenditure; guidelines under which turnaround CPSEs were defined as companies which showed profits continuously for three preceding accounting years and have positive networth after implementation of revival package, guideline making Integrity Pact mandatory for all CPSEs for their procurement contracts.

CRR Scheme for separated CPSE employees – From 2001-02 to 2010-11 around 1.63 lakh VRs optees of CPSE employees have been trained and 68000 have been self employed/redeployed under the Counselling, Retraining and Redeployment (CRR) Scheme of CPSE.

During 2011-12, with a plan fund of Rs. 8.90 crore, the target is to cover 9000 VRS optees. 11 nodal agencies have been engaged to achieve this target. From April to November, 2011, 4600 VRS optees have been trained and a sum of Rs. 6.71 crore has been released.

Policy guidelines issued during 2011 -

i) DPE on 6 July, 2011 issued clarification on some issues regarding Performance Management System (PMS) and Productivity Linked Incentive (PLI).

ii) DPE on 20 July, 2011 further allowed Ministry/Department to consider creating of a common corpus for the retired employees of CPSEs, under their Ministry control. Purpose of the corpus would be to take care of medical and any other emergency needs of retired employees.

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