PANEL TO FAST-TRACK PSUs ACQUISITIONS ABROAD

To fast-track overseas deals of Public Sector Units (PSUs), the government will soon appoint a high level committee headed by the cabinet secretary. The Department of Public Enterprises (DPE) under the heavy industries ministry has already forwarded a Cabinet note proposing the formation of the committee. The empowered committee headed by Ajit Kumar Seth will also have secretaries of the administrative ministries of the respective PSUs, their chairmen and managing directors and representatives of the ministries of external affairs and finance.