MoU with PSUs
Of a total of 254 Central Public Sector Enterprises (CPSEs), 203 CPSEs submitted draft Memorandum of Understanding (MoUs) for the year 2010-11 to Department of Public Enterprises (DPE). DPE has arranged MoU negotiation meetings of the Task Force on MoU with CPSEs/administrative Ministries and thereafter authenticated draft MoUs of all these CPSEs. 42 CPSEs were exempted from signing MoU for the year 2010-11 for the reasons of being Shell Companies, not in operation, winding up/merger and Court cases.
As per DPE O.M. No. 3 (13)/2006-DPE (MoU), date 9th January 2007, in case, CPSEs do not sign or delay in signing MoU, their performance will be rated as “Poor”. As per DPE O.M. No. 3 (13)/2006-DPE (MoU) date 20th August 2007, those CPSEs who do not submit self evaluation score based on audited data to DPE by 31st August are not eligible for MoU Excellence Award. As per DPE O.M. No. 2 (70)/08-DPE (MoU), date 26th November 2008, no Performance Related Pay (PRP) will be eligible for the Central Pubic Sector Enterprises that do not enter into Memorandum of Understanding.
This information was given by Shri Arun Yadav, Minister of State for Heavy Industries and Public Enterprises in a written reply to a question in Rajya Sabha today.
Of a total of 254 Central Public Sector Enterprises (CPSEs), 203 CPSEs submitted draft Memorandum of Understanding (MoUs) for the year 2010-11 to Department of Public Enterprises (DPE). DPE has arranged MoU negotiation meetings of the Task Force on MoU with CPSEs/administrative Ministries and thereafter authenticated draft MoUs of all these CPSEs. 42 CPSEs were exempted from signing MoU for the year 2010-11 for the reasons of being Shell Companies, not in operation, winding up/merger and Court cases.
As per DPE O.M. No. 3 (13)/2006-DPE (MoU), date 9th January 2007, in case, CPSEs do not sign or delay in signing MoU, their performance will be rated as “Poor”. As per DPE O.M. No. 3 (13)/2006-DPE (MoU) date 20th August 2007, those CPSEs who do not submit self evaluation score based on audited data to DPE by 31st August are not eligible for MoU Excellence Award. As per DPE O.M. No. 2 (70)/08-DPE (MoU), date 26th November 2008, no Performance Related Pay (PRP) will be eligible for the Central Pubic Sector Enterprises that do not enter into Memorandum of Understanding.
This information was given by Shri Arun Yadav, Minister of State for Heavy Industries and Public Enterprises in a written reply to a question in Rajya Sabha today.
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