Presentation Before the Disinvestment Commission
SCOPE made a presentation before the Disinvestment Commission. Most of the suggestions
given by SCOPE were included by the Commission in its reports.
Review of Guidelines
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With
SCOPE’s efforts government set up a Committee under the chairmanship
of Mr. N. Vittal, the then, Chairman, PESB to review the guidelines
and to recommend
cancellation/redrafting and/or
simplification of these guidelines. On recommendation of the Committee,
government deleted 696 guidelines and retained 196 guidelines.
Government recently formed another committee under chairmanship
of Mr. T.K.A. Nair, Chairman, PESB to review the guidelines. SCOPE
Chairman is one of the members of the Committee. The Committee
has submitted its report to the Government.
Public Sector Executive Remuneration
SCOPE made a presentation before the Justice Mohan Committee and
submitted its recommendation on pay scales for board and below
board level executives. Later, SCOPE sent comments/suggestions
on the recommendations on the Pay Committee to the Government.
Chapter on Vigilance
SCOPE had earlier suggested revamping of vigilance policies. SCOPE
and CVC jointly held meetings and workshops to secure integration
of vigilance functions in the management structure systems and
procedures of PSEs. A Special Chapter on “Vigilance Management
in Public Sector” has finally been notified by CVC. SCOPE
also requested CVC to consider some circulars issued by it to which
CVC has advised necessary modification.
Issue of Purchase Preference
SCOPE on behalf of its member enterprises took up with the government
the issue of purchase preference in products and services of PSEs.
On SCOPE’s requests the government has extended the policy
for two years and that also reduced the minimum value of purchase
order to that more enterprises can avail on the benefit.
Contract Labour and Labour Reform
Hon’ble Supreme Court of India had passed a judgement in December 1996
in the Air India case relating to “Appropriate Government” and the “automatic
absorption” of contract labour. Since the judgement had affected profitability
and working of many PSEs, SCOPE filed an intervention application in the Supreme
Court in 1998 along with the Special Leave Petition of FCI, SAIL and others praying
for review of its pronouncements
SCOPE’s application was admitted and the arguments before the Constitution
Bench were concluded in March 2001. On 30th August 2001, Hon’ble Supreme
Court gave its landmark judgement relating to Contract Labour reversing its 1996
ruling in the Air India Statutory Corporation case and quashing the notification
of the government dated 9th December 1996.
SCOPE is now stressing the need for reform and rationalization of labour laws
including Industrial Disputes Act, Trade Union Act etc for enabling PSEs to remain
competitive.
Interactions and Submissions to Parliamentary Committee
SCOPE had submitted to the Parliamentary Committee on PSUs various documents
submitted by SCOPE to the government from time to time on “Financial Restructuring
and Disinvestment”.
SCOPE had also recently submitted a memorandum to COPU on disinvestment and privatization
of Indian public sector.
SCOPE’S
views before the Parliamentary Committee on Petitions
On invitation of the Parliamentary Committee on Petitions, SCOPE
Chairman and DG expressed views before the Committee regarding
privatization of NALCO. The views expressed were highly appreciated
by the Members of the Committee.
Priority Issues recently discussed with the Government
The future of Presidential Appointees on the Boards of the companies
being privatized
Adequate incentives and special provisions to encourage professionals
with a proven record, who can take up the challenging assignment
of effecting turnaround of sick and non-profitable enterprises.
Review of the move to roll back the retirement age of Presidential
appointees from 60 to 58 years
Removal of Restriction on employment of Board level executives
after retirement/resignation
Labour reforms
A road map for disinvestment/privatization
Review of Strategic sales of profit making enterprises
Offering shares of the companies to be privatized to the profit
making blue chip PSEs and the public
Methodology of valuation of the assets and market goodwill of
the companies being privatized.
Budget Memorandum
SCOPE sent a Pre-Budget Memorandum consisting of three parts
: Direct Taxes, Indirect Taxes and Industry Specific Issues
to the Finance Minister.
Corporate Governance in Public Enterprises:
SCOPE held a meeting to discuss Naresh Chandra Committee’s
Report on Corporate Governance. The suggestions emerged at the
meeting was sent to Secretary Department of Company Affairs
and The Secretary, DPE.
Presentation made before the Group of Experts:
Chairman
SCOPE made a presentation before the Group of Experts on the
issues relating to Empowerment of CPSEs. He made suggestions
in the area of business administration audit and vigilance administration.
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