Govt Fix MoU Targets for 234 CPSEs

IAS Prelims 2023

The Department of Public Enterprises has set the targets for 234 Indian PSUs.

The MoU targets help the central public sector enterprises (CPSEs) meet their investment goals.

The process entrusted to the Department of Public Enterprises (DPE) was completed through consultation with the administrative Ministry, NITI Aayog and Ministry of Programme Implementation.

The 234 CPSEs for whom targets have been fixed include Maharatna, Navratna, Miniratnas and other CPSEs.

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