No caste-based job reservation in PSBs after disinvestment: Report

This move, however, will not impact employees who have affirmative action benefits.

Private investors will not have to comply with caste-based job reservations after the government dilutes its stake in public sector enterprises as a part of strategic disinvestment, Livemint reported. 

This move, however, will not impact the current employees belonging to the scheduled caste, scheduled tribe, physically handicapped, etc.  

To make sure that the management adequately protects the staff after the control is transferred to a private entity, the government will negotiate terms and conditions in the shareholders’ agreement (SHA). 

Citing a policy document of the Dipam, sources told Livemint that a “trade off" is possible. This document says: “Government, in