Lateral entry on hold but PSU posts still within private reach
Business Standard|September 23, 2024
Lateral entry into government has been held over, but the Public Enterprise Selection Board (PESB) continues to provide a platform for people in the private sector to get senior posts in central public-sector enterprises (CPSEs).
RUCHIKA CHITRAVANSHI
Lateral entry on hold but PSU posts still within private reach

Its recent advertisement for the post of chairman and managing director of Fertilisers and Chemicals Travancore allows applicants from private-sector companies with an annual turnover of ₹1,500 crore or more. But they have to meet the other criteria to get the job.

Over the past one year, the PESB has taken steps to expand the talent pool from which it selects candidates. The board allows applicants from financial institutions, autonomous bodies, and government banks.

It has standardised the qualifications required for various posts. For instance, for the post of director (finance) a person must be a chartered or cost accountant, or have a full-time MBA or a post-graduate diploma with specialisation in finance.

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