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The VC for the HR department, since the job calls for the right mix of ruthlessness and compassion, is named Rangan ('Aavesham').
The LDF's policy was to make PSUs profitable instead of downing their shutters.
Gandhi said Public Sector Undertakings (PSUs) used to be the pride of India and the dream of every youth for employment but today, they are "not the priority of the government".
Last Grade employees are allowed to encash their earned leave.
The strategic objective of the programme is to unlock the value of investments in brownfield public sector assets by tapping institutional and long-term patient capital.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages.
Only 20 per cent of posts in the public sector units have been handed over to the Public Service Commission. Of the 42 PSUs, 26 are running in heavy losses.
Till recently, post-retirement job extensions were given to the airline's executives as even some retirees were also re-hired.
Of this, 75 per cent of the affected branches belong to the country's biggest lender State Bank of India (SBI).
A new flight has to be started only when it is extremely necessary and after due diligence from commercial aspect.