An expert committee, headed by former Chief Secretary Paul Antony, which on Thursday submitted its report on granting autonomy with accountability to public sector units in the State, has recommended functional and financial autonomy in 28 subjects.
The committee, which handed over the report to Industries Minister P. Rajeeve, has recommended that the director boards of the institutions be given powers in formulating projects and implementing modernisation measures.
They should also be given powers to avail themselves of loans without government guarantee from banks.
