1. PM Narendra Modi led panel rejects NK Nanda name for post of NMDC chairman

PM Narendra Modi led panel rejects NK Nanda name for post of NMDC chairman

The Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, has decided not to accept the Public Enterprises Selection Board's (PESB’s) recommendation for the post of the chairman of state-run miner NMDC.

By: | New Delhi | Published: June 21, 2017 7:20 AM
NMDC, PM Narendra Modi While bureaucrats have shown exemplary leadership skills in various areas, running a commercial company as technical as mining requires specific skill set which cannot be desired from an IAS officer.

The Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, has decided not to accept the Public Enterprises Selection Board’s (PESB’s) recommendation for the post of the chairman of state-run miner NMDC. Sources said the government would soon appoint a secretary or an additional secretary-level officer for the top post in NMDC now for a period of three-five years.
The PESB had recommended the name of NMDC’s technical director NK Nanda for chairman in September 2016.

The largest iron ore miner, NMDC, has been without a full-time chairman and managing director for around 18 months now since the superannuation of the incumbent Nrendra Kothari on December 31, 2015. Following this, the charge was given to steel ministry’s additional secretary and financial adviser Bharathi S Sihag on temporary basis and after her retirement, the baton was handed over to another bureaucrat, R Sridharan, now handling the charge in addition to his regular appointment as member finance in the Space Commission.

As reported earlier by FE, peeved at inordinate delay in the selection of a permanent chairman and managing director for NMDC, steel minister Birender Singh had requested the ACC to speed up the process or depute a senior IAS officer to run the firm on a full-time basis.

While bureaucrats have shown exemplary leadership skills in various areas, running a commercial company as technical as mining requires specific skill set which cannot be desired from an IAS officer. The decision to appoint a bureaucrat as CMD is not going to be beneficial for the company, said an industry veteran who does not want “confrontation” with the government.

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A senior government official, however, said that managing a company does not need more than his capacity of man management and foresight. A competent officer can manage things, he said, however, admitting that “ego management” with the bosses at Udyog Bhavan, which also houses steel ministry, could become a difficulty.

  1. V
    vijendra
    Jun 22, 2017 at 10:12 pm
    most unfortunate. PMO led panel took so much timeto decide. and ultimately a bureaucrat is proposed to head an organization giving excellent results over the time. I do not think there is any dearth of competent professionals conversant with the job requirement. .MOst of the operation being in Naxal infested area a personal commitment and technical knowledge of the job is very much needed to run the organization. May God bless the organization.
    Reply
  2. B
    B N RAJU
    Jun 21, 2017 at 8:48 pm
    Mining company like NMDC needs a technocrat rather than an IAS officer. Mr. Nanda is having plenty of experience in the mining industry and a competent engineer. Why govt want to post an IAS is really surprising. If it is a part of some other game plan.....
    Reply

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