DPE to send PSUs reforms recommendations to Cabinet this month

NEW DELHI: The Department of Public Enterprises (DPE) will move a Cabinet note on reforms for state-owned companies, including three-year fixed tenure for CPSEs heads, by end of this month.

The department has held consultations with the ministries concerned on reforms measures that have been accepted by the Group of Ministers, headed by Finance Minister P Chidambaram.

"The DPE has completed inter-ministerial consultations on the recommendations (approved by the GoM) and will send these recommendations to the Cabinet by end of this month," DPE Secretary O P Rawat told PTI.