PSUs Current Affairs

Cabinet approves strengthening commercial disputes resolution mechanism of CPSEs

Union Cabinet has approved strengthening commercial disputes resolution mechanism of Central Public Sector Enterprises (CPSEs) inter se and also between CPSEs and other Government Departments and Organizations. The Cabinet decision is based on recommendations of Committee of Secretaries (CoS).

Key Facts

The new strengthened mechanism puts in place institutionalized mechanism within Government for speedy resolution of commercial disputes of CPSEs without matter being referred to the Courts of law. It consists of new two-tier mechanism to resolve commercial disputes between CPSEs outside Courts of law.

It replaces existing Permanent Machinery of Arbitration (PMA) mechanism and excludes disputes concerning Railways, Income Tax, Custom and Excise Departments from its ambit. It will promote equity through mutual and collective efforts to resolve commercial disputes thereby reducing number of litigations regarding commercial disputes in Court of Law and also avoid wastage of public money.

New two-tier mechanism

First level (tier): Such commercial disputes will be referred to a committee comprising secretaries of the administrative ministries to which the disputing parties belong and Law Secretary. The financial advisors of two ministries concerned will represent issues related to dispute in question before the committee.

In case the two disputing parties belong to same ministry, then committee will comprise secretary of administrative ministries concerned, Law Secretary and Secretary, Department of Public Enterprises. In such case, the matter will be represented by financial advisor and one joint secretary of that ministry. For the prompt disposal of disputes, 3 months’ time schedule at this level has been prescribed.

Second level (tier): In case dispute remains unresolved, even after consideration by above Committee in first tier, it will be referred to Cabinet Secretary, whose decision will be final and binding on all concerned.

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Government announces PM’s Shram Awards for 2016 to 50 workers

The Ministry of Labour & Employment has announced Prime Minister’s Shram Awards for the year 2016 to be awarded to 50 workers including 3 women employed in Departmental Undertakings & Public Sector Undertakings (PSUs) of Central/ State Governments and Private Sector Units employing 500 or more workers. In 2016, 34 workers are from PSUs and 16 workers are from Private Sectors.

2016 Shram Awards

Shram Ratna Award: No nomination was found suitable for it.

Shram Bhushan: 12 workers from SAIL, BHEL and TATA Steel Ltd. were selected.

Shram Vir/Shram Veerangana Award: 18 workers from Naval Dockyard, Ordinance Factory, Rashtriya Ispat Nigam, TATA Steel, Hindalco Industries, Paradeep Phosphates Ltd., Brahmos Aerospace were selected.

Shram Shree/Shram Devi Award: 20 workers from Cement Corporation of India, Naval Ship Repair Yard, TATA Motors, Surat Lignite Power Plant, Larsen & Toubro Ltd. etc were selected.

Shram Awards

They were instituted in 1985 and are announced every year by Ministry of Labour and Employment. These awards are given to workers in PSUs, Departmental Undertakings of Central/State Governments and Private Sector units employing 500 or more workers.

Objective: It recognises workers for their distinguished performance, innovative ability, outstanding contribution in the field of productivity and exhibition of exceptional courage and presence of mind.  It also recognises outstanding contributions made by workmen as defined in Industrial Dispute Act, 1947 in organizations both in public and private sector

There are four types of Shram awards viz. Shram Ratna (monetary award of Rs. 2 lakhs and Sanad), Shram Bhushan (Rs. 1 lakh and Sanad), Shram Vir / Shram Veerangana (Rs. 60000 and Sanad), Shram Devi / Shram Shree (Rs. 40000 and Sanad).

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