The chairman has expressed dissatisfaction on the inability of the Department of Public Enterprises (DPE) to table the recommendations before the Cabinet. The BRPSE is extremely unhappy with the delay in formulation of Cabinet note on its proposals and has taken up the issue at the highest levels, official sources said.
BRPSE has recommended delegation of more powers to the boards of PSUs, as promised in the National Common Minimum Programme of the UPA government. We have also recommended performance-linked pay for officials working in PSUs, board officials said.
The board is of the view that voluntary retirement scheme (VRS) in state-owned companies must be considered as a last resort. If the option of VRS is exercised as a part of the plans to revive a company, it must be a part of the overall business plan backed by sound reasons, board members said.