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Cabinet endorses lockout of quacks in State-owned firms
Most of the corporations have been crippled by inefficiencies ranging from procurement problems, political influence in the hiring and firing of their top leadership, workforce issues and pending bills,
The Cabinet has proposed major changes in qualifications of those seeking leadership positions at commercial State corporations, aiming to weed out incompetent persons hired through political patronage.
The Cabinet on Tuesday approved the Government Owned Enterprises Bill, 2025 (GOE Bill, 2025), which proposes to establish a new category of commercial State corporations where appointment of chairpersons and senior management will be “merit-based”.
