BRPSE

AcronymDefinition
BRPSEBoard for Reconstruction of Public Sector Enterprises (India)
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Subsequent to the winding up of BRPSE on 9th November, 2015, DPE has issued guidelines dated 29.10.2015 on revival/ restructuring of CPSEs which are to be implemented by the concerned administrative ministries/ Departments in respect of the CPSEs functioning under them.
Today, 16 years after Shourie's proposal, BIFR and BRPSE themselves are about to shut shop as they don't have any place in the Narendra Modi-led NDA government's new scheme of things.
Ironically, Hindustan Photo Films, the company that BIFR and BRPSE wanted to close, continued to bleed the central exchequer till recently, and is yet to be completely shut down.
However, BRPSE has recommended a proposal to revive the company.
Revival plan mooted by BRPSE in 2006 after incurring losses over years.
It is only after a public sector company is traded on the stock markets ( that) its real value is unlocked," the chairman of the Board for Reconstruction of Public Sector Enterprises ( BRPSE), Nitish Sengupta said.
Giving this information in written reply to a question in the Lok Sabha, Shri Praful Patel, Minister of Heavy Industries and Public Enterprises, further informed the House that the Government of India established the Board for Reconstruction of Public Sector Enterprises (BRPSE) in December, 2004 for advising the Government for strengthening, modernizing, reviving, and restructuring of CPSEs.
AS MANY as 20 sick central public sector enterprises out of the 39 approved for revival by the Board for Reconstruction of Public Sector Enterprises ( BRPSE) have bounced back into profit.
68 CPSEs have been referred by various Ministries/Departments for revival / rehabilitation or closure / winding up to Board for Reconstruction of Public Sector Enterprises (BRPSE) till 31.7.2013.
The Government has set up the Board for Reconstruction of Public Sector Enterprises (BRPSE) vide Resolution in December 2004 as an advisory body to advise the Government, inter alia, on the revival and restructuring of sick Central Public Sector Enterprises(CPSEs).
However, Board for Reconstruction of Public Sector Enterprises (BRPSE) has been directed to undertake in-depth examination with regard to enhancement of age of superannuation from 58 to 60 years in respect of such CPSEs whose revival packages have been approved by the Government and which will continue to be in public sector after implementation of revival package, and thereafter make suitable recommendations to the concerned administrative Ministry for obtaining approval of competent authority.
The Government established the Board for Reconstruction of Public Sector Enterprises (BRPSE) in December 2004 to advise the Government for strengthening, modernization, reviving and restructuring of CPSEs.