The Prime Minister Dr. Manmohan Singh today asked the Public Sector to ensure high standards of corporate accountability. Addressing a gathering of heads of top PSUs Dr. Manmohan Singh asserted that the government is working on a policy enabling the PSUs to step up search for key raw material assets. Elaborating on this issue, the Secretary in the Department of Public Enterprises Bhaskar Chatterjee told reporters that a proposal to this effect will be sent to Union Cabinet for approval in next two weeks. Dr. Singh urged the public sector to make use of new technology and improve corporate governance to increase productivity. Speaking at the function after presenting the MOU and SCOPE Excellence awards in New Delhi, Dr. Manmohan Singh asserted that this the sector can contribute significantly in strengthening the country's economy. The Prime Minister said that government is attempting to give more autonomy and flexibility to the public sector enterprises to make them more competitive .He referred to the creation of new category of Maharatna companies who have been given more powers to take on global competition aggressively. Hailing the role of central public sector undertakings, he called for improving the quality of human resource for greater successes. The Prime Minister said that the public sector weathered the impact of global economic downturn successfully due to its resilience with the active support from public sector banks. Dr. Singh said more and more public sector enterprises are entering the capital market and are receiving encouraging response from investors. He cited the recent examples of coal India and manganese ore India limited. Talking about the role of public sector enterprises in the social sector he said that the Board for Reconstruction of public sector enterprises recommended revival of 59 out of the 67 cases examined by it. He added 20 are showing profits and 11 others have been making it for the last three years. Sofar 39 units have been revived. Earlier, he presented awards to several public sector enterprises for their outstanding performance in the respective categories. The Minister for Heavy Industries Vilas Rao Deshmukh was also present on the occasion.