SCOPE Felicitation to Maharatna CPSes
Prime Minister Presents MoU Excellence Awards 2008-09

Prime Minister Presents MoU Excellence Awards 2008-09

The objectives of MoU system are to improve the performance of public sector enterprises by increasing autonomy and accountability of the management; to remove the fuzziness in the goals and objectives of public enterprises; and, to enable the evaluation of management performance through objective criteria and provide a mechanism to reward good performance incentives to stimulate improved performance.
The MoU system has become robust in last couple of years due to new initiatives introduced by DPE such as corporate social responsibility, research and development and sustainable development as mandatory parameters. The MoU awards are an expression of commitment of the policy makers to the MoU system.
All the MoU signing CPSEs are classified into 10 groups based on the sectors in which they operate and the functions they undertake. The best performing CPSE from each of the 10 sectors getting at least “Excellent” MoU rating, one best performing CPSE from the listed CPSEs based on increase in market capitalization and one best performing CPSE from the turnaround sick and loss making CPSEs are given ‘MoU Excellence
Awards’ every year. All other excellent rated CPSEs get ‘MoU Excellence Certificates’.