Parliamentary Panel Urges 'Golden Share' Model to Protect PSU Control Below 51% Stake

A parliamentary panel has urged the Department of Investment and Public Asset Management (DIPAM) to finalize a legal framework incorporating a 'golden share' or indirect control model to maintain strategic autonomy in public sector undertakings (PSUs) if government stakes fall below 51%. The panel also recommended evolving the MoU framework to include succession planning and ensuring dividend demands do not hinder CPSEs' Rs 3 lakh crore annual capex. Additionally, it called for urgent filling of 38 vacant officer positions and a transparent roadmap for InvITs and REITs rollout with valuation safeguards.