New MoU norms to realign PSUs to global business environment

NEW DELHI: The government will come out with new Memorandum of Understanding (MoU) norms by this month-end to realign working of public sector units (PSUs) in line with changing global business environment.

 

 

 

The proposed guidelines are aimed at providing greater operational flexibility to Central Public Sector Enterprises (CPSEs) in achieving their annual targets.

 

 

 

The Department of Public Enterprises (DPE) has sent the draft MoU norms, based on the recommendations of a Working Group chaired by P G Mankad, to the High-Power Committee (HPC) for its consideration.

 

 

 

The HPC is headed by Cabinet Secretary Ajit Kumar Seth. "It (new MoU norms) is with the High-Power Committee and I think it should come through by this month-end," Secretary in DPE O P Rawat told .