Economic Survey: Need to revamp CPSE boards for greater transparency

Economic Survey: Need to revamp CPSE boards for greater transparency
January 29, 2021
Joining the chorus for revamping the boards of the Central Public Sector Enterprises (CPSEs) and re-organise their structure for better functioning is also the Economic Survey, thus raising expectations on some announcement on this front in the Union Budget to be presented on Monday.
“While disinvestment and rationalisation of some of the CPSEs is being planned, there is also a need to strengthen the ones that would be retained in their respective sectors so as to fully meet with the expectations of the government. An important step in this direction would be to completely revamp the Boards of the CPSEs to reorganise their structure, enhance their operational autonomy coupled with strong corporate governance norms including listing on stock exchanges for greater transparency,” the Survey has pointed out in the Chapter dealing with Industry and Infrastructure.

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