Government mulling proposal to liquidate certain loss-making PSUs, employee interest to be protected
In a bid to limit public expenditure, the central government is mulling over a proposal to liquidate certain loss-making PSUs
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Zee Media Bureau
New Delhi: In a bid to limit public expenditure, the central government is mulling over a proposal to liquidate certain loss-making PSUs. However, the government will ensure the interest of employees get protected though 'lucrative payouts.'
In line with recommendations of Expenditure Management Commission, a proposal for liquidating some loss-making PSUs is being examined, sources said.
Liquidation should be done in a manner that it does not hurt interest of employees and is a win-win for both government and the staff, sources added.