Govt May Liq­ui­date Some Loss-mak­ing PSUs

The Economic Times - - Companies & Economy: Pursuit Of Profit -

As it looks to con­tain pub­lic ex­pen­di­ture, the govern­ment is con­sid­er­ing a pro­posal to liq­ui­date some loss-mak­ing PSUs while pro­tect­ing the in­ter­est of their em­ploy­ees who may be of­fered “lu­cra­tive” pay­outs. In line with rec­om­men­da­tions of Ex­pen­di­ture Man­age­ment Com­mis­sion, a pro­posal for liq­ui­dat­ing some loss-mak­ing PSUs is be­ing ex­am­ined, sources said. The govern­ment, sources said, may pro­vide for lu­cra­tive one-off sum to­ward pen­sion pay­ments for the staff of those loss iden­ti­fied loss mak­ing com­pa­nies.


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