Awarding the best
New Delhi   17-Dec-2015

IN 2012, KPMG, a leading financial services and business advisory provider, listed out several constraints of Public Sector Undertakings (PSU) in India.

The study mentioned: “Of late, a number of alleged fraud charges and increased public awareness has resulted in an increased scrutiny of the decisions taken by the Central PSUs. It hinders the quick decisionmaking process.” Three years later, the Union government seems to take note of this predicament of PSU brass. Speaking at the second India Today Group’s PSU awards event on December 14 in Delhi, Union Minister of State with Independent Charge for Power, Coal and New & Renewable Energy Piyush Goyal said that the NDA government wanted to unshackle PSU executives to enable them to take bold and quick decisions. “The law ministry has recommended that an amendment is brought to the Prevention of Corruption Act, 1988 to ensure that malafide intention is proved before an executive is prosecuted for any of his or her decision,” said Goyal.

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