Work Allocation

Cabinet Committee

1. The Government of Punjab vide notification no. 1/17/07-Cabinet/1553-65 dt. 24.4.07 has constituted the Cabinet Committee on Disinvestment with the following members:-

   1. Sardar Parkash Singh Badal, Chief Minister, Punjab,                                      Chairman

   2. Sh. Manoranjan Kalia, Local Govt.,  Industries &                                               Member Commerce  Minister, Punjab,        

   3. Sh. Ranjit Singh Brahmpura, Rural Development & Panchayats, Punjab           Member

   4. Capt. Kanwaljit Singh, Cooperation and Defence Service Welfare  Minister,     Member Punjab,       

   5. S.Manpreet Singh Badal, Finance & Planning, Minister, Punjab,                         Member

   6. Sh. Tikshan Sud, Medical Education & Research and Forest  Minister, Punjab.  Member

   7. Sh. Adesh Partap Singh Kairon, Food & Civil Supplies and Information &          Member Technology Minister, Punjab          

   8. Chief Secretary, Punjab                                                                                     Member

   9. Principal Secretary/Chief Minister, Punjab                                                          Member

   10. Financial Commissioner Taxation,   Punjab                                                        Member

   11. Secretary Planning, Punjab                                                                                Member

   12. Principal Secretary Finance, Punjab                                                                 Convenor

    

2. The functions of the Cabinet Committee will be as follows :-

   • To consider the advice of the Core Group of Secretaries regarding policy issues relating to the disinvestment programme.

   • To decide the price band for the sale of Government shares through GDR/domestic capital market route prior to the book building exercise, and to decide the final price of sale in all cases.

   • To decide the final pricing of the transaction and the strategic partner in case of strategic sales.

   • To decide on cases where there is disagreement between the recommendations of the Disinvestment Commission and the views of the Directorate of Disinvestment, Department of Finance.

   • To approve the three-year rolling plan and the annual programme of disinvestment every year.

   • To decide the final pricing of the transaction and successful bidder in case of sale through sealed bid auction procedure.

3. The Directorate of Disinvestment will serve as the Secretariat for the Committee. The Directorate of Disinvestment will draw up proposals on the basis of recommendations of the Core Group to be chaired by the Chief Secretary, and put up to the Committee for its consideration. The Committee has been empowered by the Council of Ministers to take final decisions on issues presented before it.

4. While discussing various measures and at the time of final decision on proposals, this Sub-Committee in its discretion can include any Member of the Council of Ministers, especially the Minister-in-charge of the concerned Department.

5. Principal Secretary Disinvestment will be the Convener of this Committee.

Core Group

1. The Government of Punjab has also constituted vide its notification No. 10(7)3/02-5FE4/Spl dated 12th July, 2002, a Core Group of Officers with the following members:-

   1. Chief Secretary,Punjab Chairman

   2. Principal Secretary Finance Member

   3. Principal Secretary to Chief Minister,Punjab. Member

   4. Administrative Secretary of the concerned department. Special Invitee

   5. Managing Director of the concerned PSU Special Invitee

   6. Director, Disinvestment Convenor

2. The functions of the Core Group will be as follows :-

   • The Core Group shall directly supervise the implementation of the decisions of all strategic sales;

   • The Core Group shall monitor the progress of implementation of the decisions of the Cabinet Sub Committee;

   • The Core Group shall make recommendations to the Cabinet Committee on Disinvestment on disinvestment policy matters.