Government allows Maharatnas, Navratnas to create below-board posts

NEW DELHI: The government has allowed Boards of Maharatna and Navratna central public sector enterprises (CPSEs) to create below-Board level posts whenever necessary for furthering their business development plans and promoting industrial development in the country.

The Department of Public Enterprises took the decision in consultation with the Finance Ministry. Representations in this regard had been received from CPSEs that economy measures should be reviewed to enable Maharatna and Navratna CPSEs to exercise the enhanced powers delegated to them.

"Board of Maharatna and Navratna CPSEs may... consider creation of below board level posts ... whenever such creation is considered necessary in the interest of industrial growth and business development as envisaged in their business plans on a case-to-case basis," the Department of Public Enterprises said in an Office Memorandum.

However, it said, that the "Creation of posts by Navratna CPSEs at the level of E7 and above grades may be done after obtaining the approval of the administrative Ministries or Departments".

For CPSEs falling under A Schedule, E7 post relates to that of a Deputy General Manager, E8 post is of a General Manager while the E9 post is that of an Executive Director.

"This has been a long-standing demand of public sector enterprises as they had to approach the administrative ministry for clearances related to creation of below-board level posts. The decision will empower Boards of Maharatnas and Navratnas and create more efficiency in working style," SCOPE Director General U D Choubey told PTI.

SCOPE is the apex body of PSUs in the country and is headed by chief of one of the state-run units on rotation basis.