Twenty-three posts of chief executives and 55 seats of directors are lying vacant in central public sector enterprises (CPSEs). According to Praful Patel, Minister of heavy Industries and Public Enterprises, the main reasons for high level vacant posts include court cases and occurrence of unforeseen vacancies which arise due to resignation, death, non-confirmation and non-extension of tenure of incumbent. However, talent shortage has not been cited as a reason for the vacant posts. Moreover, nine CPSEs under the Department of Heavy Industry (DHI) including those of Hindustan Cables, HMT (Watches), HMT (CW), Scooters India and HMT Bearings are unable to generate internal resources for payment of salaries to their employees.
Source: The Economic Times