PM For More Autonomy To PSUs

Concerned over time spent by heads of public sector firms in ''boundary management'', Prime Minister Manmohan Singh has asked the government to become more transparent in regulating. It should be our endeavour to empower public enterprises by easing the bureaucratic and political hold of government over them, he said after releasing a book titled ''The Indian CEO - A Portrait of Excellence.

Singh said the book concludes that dealing with external environment - defined by government in case of public sector companies and dubbed as ''boundary management'' - was the most important challenge facing public sector executives in India. I agree with an important conclusion of your study that the relationship between business and the government as regulator needs to become more transparent, more predictable, less uncertain and less time consuming, he said.He asked ministries to grant full operational autonomy to public sector enterprises, to enable them to compete and succeed in global market.