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MoU-Guidelines for the year 2024-25 (Consolidated) 1. Introduction: One of the key ownership functions of the Government being the majority shareholders of Central Public Sector Enterprises (CPSEs) is to undertake regular performance evaluation of CPSEs to assess their efficacy towards fulfilment of core objectives for which these have been constituted. The performance evaluation system, instead of merely evaluating the “efforts” of a CPSE or its management in a given business environment, need to be actually reflecting the economic performance in terms of CPSE’s profitability/ return on the invested capital, competitiveness/ usefulness in the given commercial space. The grading/ outcome of the performance evaluation process under the revised MoU system would be reflection of CPSE’s performance as per its audited Books of Accounts, both for listed and non-listed companies. This is significant in view of the linkage in Performance Related Pay (PRP) with the performance evaluation through MoU framework. 2. Scope: 2.1 All CPSEs (Holding as well as Subsidiaries) are required to sign MoUs. Holding Companies will sign MoUs with their Administrative Ministries/ Departments, while the Subsidiary Companies will sign MoUs with their respective Holding Companies. 2.2 MoU in respect of a CPSE will be finalized on consolidated basis only (i.e., including all subsidiaries and JVs of the CPSE). In respect of a holding/ independent CPSEs, MoU will be finalized by DPE. MoU target setting and its evaluation in respect of a subsidiary CPSEs may be done by the holding CPSE on the same principles as being followed for the holding CPSE by DPE. For subsidiary CPSEs having Maharatna/ Navratna status, DPE will finalize MoU. 3. MoU Framework: 3.1 MoU Parameters: The parameters included in the revised MoU process are market oriented reflecting the shareholders’ interest in terms of growth in revenue, return on net worth, asset turnover ratio and market capitalisation for listed CPSEs. Adequate weightage has been given to productivity linked parameters pertaining to CPSE’s core operations. The parameters are further indexed to past performance and future projections of the CPSE; vision of the Administrative Ministry; sectoral benchmarking and peer comparison (if any). All the parameters are quantifiable and verifiable from the documents in public domain. The MoU parameters are clubbed into groups so that weightages of non-applicable parameter(s), if any, for a sector/ CPSE can be redistributed to other parameter(s) of the same group. Besides certain government’s priorities/ programmes such as CSR, procurement from MSEs, etc. are also included for compliance by CPSEs, the non-compliance of which would result in deduction of full marks i.e., there would not be any partial deduction. The list of parameters is enclosed at Annexure I and the explanatory notes on the parameters is enclosed at Annexure II. Weightages of marks in case of National Oil Companies (NOCs), i.e., ONGC Ltd. and Oil India Ltd. #viralvideo #governmentjobs #bsnl #telecomnews #bsnlnews #jio #8thpaycommission #3rdprc #4thPRC#3rdprc #4thpayrevisionnews#8thpaycommission #psupayrevision #sarkarunaukari #psujobs #viralvideo #trending