Call Us: +91-11-23073004, 23073042 | Mail:

Editor speak »

    October 2013

Who is responsible for headless PSUs?


The Central Vigilance Commission has come under criticism for its “lackadaisical attitude” in dealing with corruption cases. Delay on the part of the anti-graft watchdog in giving vigilance clearance is posing difficulties in top appointments in many PSUs. One such example is the National Mineral Development Corporation (NMDC), which has been headless since December 2011. In the case of many PSUs, the charge of CMDs has been given to Joint Secretaries. So the official of the Ministry supposed to monitor the functioning of a PSU becomes part of the PSU itself, which is a conflict of interest. It is surprising that despite the presence of the PESB and other mechanisms available to the Government for selecting CMDs, Central Public Sector Enterprises continue to work without regular heads for months, and in many cases years. The trend points fingers at vested interests within the Government who want to keep CPSEs headless. In this BT issue, we present an in-depth analysis of the situation. It is high time the CVC developed a mechanism and prioritise its workload so that important PSU files get clearance in a time-bound manner. Also in this issue, our Cover Story scans the role of  Jignesh Shah, the man who brought revolutionary changes in Indias commodity derivatives market. Shah is now in the line of fire because of the Rs 5,400-crore payment crisis at the National Spot Exchange Limited (NSEL).  Amit Khare, the whistleblower of the multi-crore fodder scam, is the BT Bureaucrat of the Month. He is currently a Joint Secretary in the Ministry of Human Resource Development. Khare, a Bihar cadre IAS officer of the 1985 batch, was the Deputy Commissioner of West Singhbhum District when he stumbled upon the scam in 1996 during a routine follow-up of the orders of then Additional Finance Commissioner S Vijay Raghvan who wanted the DMs to keep an eye on the withdrawal of money from the District Treasury.  Also, the BT editorial team has chosen Prakash Chand, Executive Director of the Heavy Electrical Equipment Plant of  Bharat Heavy Electricals Limited (BHEL), Haridwar, as the Technocrat of the month. Chand had initiated several measures to tide over the crisis that had hit the state-run electrical equipment major. Under his leadership, BHEL Haridwar has achieved the highest ever turnover of Rs 6,536 crore this year, up by 20 per cent in comparison to the previous year. The profit before tax (PBT) also rose to an all-time high of Rs 930 crore, up by 25 per cent.  

my girlfriend thinks i cheated on her i want my girlfriend to cheat
cheat on my girlfriend read i cheated on my girlfriend but i love her
my wife cheated catch a cheater
My husband cheated on me meet and cheat women who cheat on husband
my wife cheated on me now what link dating for married men
i had a dream my husband cheated on me cheated on my husband guilt
should i tell my girlfriend i cheated on her did my girlfriend cheated on me i cheated on my girlfriend but i love her
should i cheat on my husband my boyfriend cheated on me with my best friend cheat on boyfriend
how to cheat on your wife open i love my wife but i want to cheat
how to cheat on your wife open i love my wife but i want to cheat
my girlfriend cheated on me twice my girlfriend cheated on me should i take her back


Sign in with
Or procced without registration

» Previous Editorials:

October 2017, September 2017, August 2017, July 2017, May 2017, April 2017, March 2017, January 2017, January 2017, December 2016, December 2016, November 2016, October 2016, October 2016, September 2016, September 2016, August 2016, August 2016, July 2016, July 2016, June 2016, May 2016, April 2016, April 2016, April 2016, March 2016, March 2016, January 2016, January 2016, December 2015, November 2015, November 2015, October 2015, September 2015, September 2015, July 2015, July 2015, June 2015, June 2015, May 2015, April 2015, March 2015, March 2015, February 2015, January 2015, January 2015, December 2014, December 2014, November 2014, October 2014, October 2014, September 2014, September 2014, August 2014, August 2014, July 2014, July 2014, June 2014, June 2014, May 2014, April 2014, March 2014, January 2014, December 2013, October 2013, October 2013, October 2013, October 2013, September 2013, August 2013, July 2013, June 2013, May 2013, April 2013, March 2013, February 2013, January 2013, December 2012, November 2012,