The move of the Department of Public Enterprises (DPE) calling for re-examining existing Mini Ratna status of Central Public Sector Enterprises (CPSEs) is seen as a “sword of Damocles” for those which had floundered on the performance front during the past three years.
Sources fear that the DPE calling for a status report latest by Monday could affect the status of Public Sector Units (PSU) such as BSNL, HMT, Hindustan Paper and Hindustan Newsprint, which have not come good on the criteria laid down for meriting Mini Ratna status.
The DPE has directed all administrative Ministries and departments to make the assessment and re-examine the status of the PSUs under them, which number as many as 67.
The Ministries are competent to grant Mini Ratna status to CPSEs under their jurisdiction.
The parent bodies are expected to examine the performance of the PSUs and in case they don't fulfil the criteria, the DPE has directed that they be divested of their status immediately.
The Ministries have also been asked to ensure that these PSUs had at least three non-official directors.
In case of vacancies, proposals for appointment should be sent to the DPE.
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