DPE

In 2018, the DPE had issued an office memorandum, wounding up the Permanent Machinery of Arbitration (PMA) for settling such disputes

It is not just that state-owned company leadership are paid much less than what their smaller competitors are paid but their performance is not linked to rewards

New details such as CSR, gender-wise reporting of contractual workers, unused land, and profit share in joint venture companies have also been added in the list of disclosures

SPV is tasked to monetise 3,479 acres surplus land of state-owned firms

PSUs also have to comply with asset monetisation targets set collectively by their administrative ministry

DPE may be entrusted with seeking approvals from cabinet for strategic disinvestment

A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer: DIPAM Secy

The changes are being done as govt looks to maintain "bare minimum" presence in PSUs in strategic sectors and privatise, merge, or close the remaining state-owned entities

Move aimed at better control over PSUs ahead of govt's ambitious privatisation drive

The shipping ministry had requested exemptions to IPGL from the applicability of the DPE guidelines

It may become the first subsidiary of an existing Maharatna to get into league