PSUs May Expedite Promotions For Star Performers, Introduce Sabbatical Policy
Central PSUs may introduce fast-track promotions for star performers and a customised sabbatical policy for long-serving employees, with the government setting up a panel to recommend a policy framework in this regard in three months' time.
The deliberations of the committee will be included in the road map to be prepared for presentation to the prime minister.
Prime Minister Narendra Modi had given a 100-day deadline to the heads of central public sector enterprises (CPSEs) to come out with a road map with measurable targets for strengthening state-owned companies and promoting development activities.
The committee comprising human resources directors from top PSUs like BHEL, Oil India and NTPC, among others, will finalise recommendations in the next three months on fast-track promotion for star performers, customised sabbatical for employees and summer internship.
The recommendations related to review of HR policies of state-owned firms including promotion, sabbatical and internship emerged from the deliberations at the CPSEs conclave held on April 9, which was chaired by Prime Minister Modi.
"As CPSEs operate in different ecosystems, the policy for each of the above three issues needs to be framed taking into account operational requirements prevalent in various CPSEs," the Department of Public Enterprises said in an office memorandum.
The first meeting of the Committee will be held under the chairmanship of Secretary, Department of Public Enterprises on June 4.
The panel comprises Director (HR) from CPSEs including Bharat Heavy Electricals Limited; Bharat Petroleum Corporation Limited; GAIL (India) Limited; National Aluminium Company Limited; NTPC; Oil India; Power Grid Corporation; and Steel Authority of India Limited.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
