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Spl status for stable PSUs in State

By Staff Reporter
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GUWAHATI, Feb 26 � The State Cabinet today decided to grant Navaratna like status to those public sector units (PSUs), which have been identified to be constantly profit-making, giving dividends and having a lot of growth potential. The Cabinet also decided that the three loss-making PSUs with no scope for revival, would be closed down but the Government would continue to bear the employees� liabilities until their formal closure. It needs mention here that the State at present has 33 PSUs.

Disclosing this, official sources here told this newspaper that Cabinet in its meeting here today also decided to appoint a screening committee to examine the issue of regularization of the posts of the schoolteachers who have been rendering service for quite a long period since the 1990s.

The category of PSUs (A-category), which will be granted Navaratna type autonomy, includes Assam Gas Company Ltd and the Assam Co-Operative Jute Mills. They will now on be enjoying the autonomy to run their units in �extremely professional manner�, said the sources.

The Cabinet also decided that the PSUs falling in the categories of B and C-1, which have been making professional profits but have not gone for CAG audit, ought to have to go for CAG audit. They would be able to go for 10 per cent to 15 per cent upward revision of the salaries of their employees in the interim period according to their affordability. There are three PSUs under the B category and 12 PSUs under the C-1 category.

The Cabinet has decided to strengthen the 9 loss making PSUs (category C-2), like the ASTC, which have the potential to revive profitably. It has also decided to bring the PSUs like the Assam Plains Tribes Development Corporation, which have nil resource generation capacity, under the directorates.

The three D category PSUs like the Nagaon Sugar Mill, Swahid Kushal Konwar Sutakal Ltd and the Assam Co-operative Spinning Mill, which have been defunct for a long period, have been decided to be closed down. But the Government would continue to bear the liabilities of their employees until their formal closure, said the sources.

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Spl status for stable PSUs in State

GUWAHATI, Feb 26 � The State Cabinet today decided to grant Navaratna like status to those public sector units (PSUs), which have been identified to be constantly profit-making, giving dividends and having a lot of growth potential. The Cabinet also decided that the three loss-making PSUs with no scope for revival, would be closed down but the Government would continue to bear the employees� liabilities until their formal closure. It needs mention here that the State at present has 33 PSUs.

Disclosing this, official sources here told this newspaper that Cabinet in its meeting here today also decided to appoint a screening committee to examine the issue of regularization of the posts of the schoolteachers who have been rendering service for quite a long period since the 1990s.

The category of PSUs (A-category), which will be granted Navaratna type autonomy, includes Assam Gas Company Ltd and the Assam Co-Operative Jute Mills. They will now on be enjoying the autonomy to run their units in �extremely professional manner�, said the sources.

The Cabinet also decided that the PSUs falling in the categories of B and C-1, which have been making professional profits but have not gone for CAG audit, ought to have to go for CAG audit. They would be able to go for 10 per cent to 15 per cent upward revision of the salaries of their employees in the interim period according to their affordability. There are three PSUs under the B category and 12 PSUs under the C-1 category.

The Cabinet has decided to strengthen the 9 loss making PSUs (category C-2), like the ASTC, which have the potential to revive profitably. It has also decided to bring the PSUs like the Assam Plains Tribes Development Corporation, which have nil resource generation capacity, under the directorates.

The three D category PSUs like the Nagaon Sugar Mill, Swahid Kushal Konwar Sutakal Ltd and the Assam Co-operative Spinning Mill, which have been defunct for a long period, have been decided to be closed down. But the Government would continue to bear the liabilities of their employees until their formal closure, said the sources.

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