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Sector Undertakings (PSUs) are crucial for any government but it’s very
difficult to understand their complete network and they are dealt with
by related domain ministries. The Modi government has a massive
restructuring and disinvestment plan for PSUs. Approximately 50 of them
can sustain themselves, the rest are like the burden on Atlas’
shoulders. But the government is cautious regarding those PSUs that need
a Chairman and Managing Director (CMD). It appears there is a crisis
of competent and worthy people to appoint. The National Mineral
Development Corporation, the Steel Authority of India and NTPC are
examples of important PSUs which are headless. These are massive PSUs
with budgets equalling the national budgets of some of the tiny European
countries. Functioning without a head or led by an officer with
additional charge affects the performance of the organisation. Major
policy decisions are not being taken. And this impact travels down the
line in the organisation. Though CMDs for NMDC and SAIL have been
selected by the PESB, their files are awaiting approval for months.
Nothing can be done to speed it up. The PM cannot be directly approached
for this. Sorry status quo.g
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