Cabinet nod to enable public sector units to hire talent

The union cabinet under the chairmanship of Prime Minister Narendra Modi gave ex post facto approval to a proposal to enable central public sector enterprises to hire talented and experienced persons from states and private sector.

The decision essentially confers ex post factor approval to the March 3, 1987, proposal for amendments to the resolutions of the Public Enterprises Selection Board (PESB).

According to the proposed amendments, candidates can be selected from the public enterprises and private sector as non-internal candidates for five years for appointment in Central Public Sector Enterprises (CPSEs).

Another amendment pertains to holding of office by the PESB chairperson and members for three years from the date of assumption of charge or until they attain the age of 65 or until further orders, whichever is earlier.

"The amendments will continue to provide a wider pool of professionals for selection by allowing the candidates from state public sector enterprises (SPSEs) and private sector to be considered for senior positions in the CPSEs," an official statement said.

It added: "CPSEs will also benefit by the skill-sets and domain expertise of those coming from the SPSEs as well the private sector. It will also ensure that the CPSE senior management gets the benefit of the perspective gained both within and outside."

--IANS

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