The government appointed committee with Shri S.K.Rangoota has recommended 3 years tenure for the PSE heads to ensure some continuity. At present there is the condition, that the official should have two years balance service for being appointed to the high level post. The recommendation if accepted will ensure three years tenure, so that even after retirement he/she can continue in the post till the three years are over.

There are 260 CPSEs at present out of many PSEs in which posts, including that of CMDs are not filled up. 161 are profit making while another 63 are in loss. Others are non-functioning.
The total workforce together in all the CPSEs is around 14 lakhs.