Aviation ministry to opt balance scorecard model to review PSUs’ performance

A balance scorecard provides a comprehensive assessment of short-term and long-term performance

GN Bureau | December 26, 2016


#PSU   #Jayant Sinha   #Ashok Gajapati Raju   #Aviation ministry   #Air India   #Airports Authority of India  

The civil aviation ministry is contemplating to begin the performance of public sector undertakings (PSUs) under its aegis on a balance scorecard methodology to put an end to the conventional ways of reviewing public enterprises’ performance, reported The Economic Times.

“The ministry is putting efforts to institute a disciplined performance management system using the balance scorecard methodology. Over the last three months we have worked with each of the PSUs to develop a balance scorecard that provides a comprehensive assessment of short-term and long-term performance. There will be a monthly review by the ministry,” minister of state for aviation Jayant Sinha told the newspaper.

Under the balanced scorecard methodology, an organisation’s performance is monitored against strategic goals on the basis of a few listed criteria, the report said.

According to the report, the aviation ministry’s PSUs are slated to be reviewed under 8-10 criteria. From now on, the ministry, which used to measure Air India’s on-time performance, will also review factors leading to it – like aircraft availability, seasonal factors and other reasons leading to OTP.

The report claimed that the new model has been suggested by Sinha. The first review of all three PSUs under the ministry — Air India, Airports Authority of India (AAI) and Pawan Hans Helicopters — will be done by Union Aviation Minister Ashok Gajapati Raju and Sinha in January next year.

 

Comments

 

Other News

MeitY unveils National strategies boosting blockchain adoption for better e-Governance

  The Ministry for Electronics and Information Technology (MeitY) ha

Bihar Government escalated 6 IAS to Secretary Grade

In a recent transfer order issued issued, the Bihar Government announced to extend the promotion to six IAS officers of 2006-Batch to Super Time Scale (Secretary Grade) with effect from January 1, 2022.

Middlemen siphoning off farmers’ interest: Vijay Sardana

Agriculture economist Vijay Sardana has said that middlemen have been siphoning off farmers’ interests, and the repeal of the three farm laws that were brought in to minimise the exploitation of farmers was a political compulsion. “There is a huge siphoning of farmers’ inte

Bank loan recovery in recent years has mirrored Hindu rate of growth

At the outset, for those who are not familiar with the nomenclature ‘Hindu Rate of Growth’, it refers to the low economic growth in post-independent India till the 1990s, when several economic liberalisation measures were undertaken. Till the 1990s, the growth rate was around 4%, which accelera

Visionary Talk- Vijay Sardana, Agriculture Economist with Kailashnath Adhikari on Repeal of Farm Law



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter