MoU targets set for 234 CPSEs -Governance Now

MoU targets set for 234 CPSEs

The process was completed after consultation with the administrative ministries, NITI Aayog and ministry of programme implementation

GN Bureau | September 17, 2016

#NITI Aayog #CPSEs #MoU #department of public enterprises

The department of public enterprises has completed the MoU or the incentive-based target setting exercise for central public sector enterprises CPSEs for the current fiscal. The government has set targets for 234 India’s top state-run companies.

While 140 CPSEs were exempted due to various reasons like being a subsidiary company where the output have been taken in the main CPSEs, CPSEs under closure, CPSEs yet to start operations and CPSEs under construction. This target will help CPSEs meet their investment goals, according to a news report published in The Financial Express.

The department completed the process after consultation with the administrative ministries, NITI Aayog and ministry of programme implementation, the report added.

The Memorandum of Understanding (MoU) is a negotiated agreement and contract between the administrative ministry or department or holding CPSE to fix the targets before the beginning of the financial year.

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