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The Government of India introduced the system of MoU in the year 1986. What is the objective of MoU system:
- a)Improve the performance of CPSEs through reduced management autonomy;
- b)Increase the haziness in goals and objectives for better performance;
- c)Evaluate management performance through objective criteria;
- d)Cut incentives for better future performance;
Correct answer is option 'C'. Can you explain this answer?
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The Government of India introduced the system of MoU in the year 1986....
Answer: c
The Government of India introduced the system of MoU in the year 1986, based on recommendations given by the Arjun Sengupta Committee report (1984). The report recommended that the CPSEs enter into agreements with their administrative ministries for five years, while progress would be reviewed annually. The MoU system was given broader thrust by the Government after the announcement of the New Industrial Policy of 1991. In view of the above policy statement, the scope of MoU system has been extended to cover nearly all CPSEs over a period of time. The specific objectives of the MoU system are to:
(i) improve the performance of CPSEs through increased management autonomy;
(ii) remove the haziness in goals and objectives;
(iii) evaluate management performance through objective criteria;
(iv) provide incentives for better future performance;
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The Government of India introduced the system of MoU in the year 1986....
The objective of the MoU system introduced by the Government of India in 1986 is to evaluate management performance through objective criteria.
- Objective Evaluation: The MoU system aims to establish a formal agreement between the government and Central Public Sector Enterprises (CPSEs) outlining specific targets and performance parameters. These targets are based on the organization's strategic goals and objectives, and are measurable and quantifiable.
- Performance Measurement: Through the MoU system, CPSEs are required to set targets for various key performance indicators such as financial performance, operational efficiency, productivity, and social responsibility. These targets serve as benchmarks to assess the management's performance.
- Accountability: The MoU system holds the management of CPSEs accountable for achieving the agreed-upon targets. It provides a transparent mechanism for evaluating the performance of the organization against the set objectives.
- Enhanced Efficiency: By setting clear targets and monitoring progress through the MoU system, CPSEs are encouraged to improve their operational efficiency, performance, and overall effectiveness. This leads to better governance and management practices within these organizations.
In conclusion, the primary objective of the MoU system in India is to evaluate the management performance of CPSEs through objective criteria, thereby promoting accountability, transparency, and efficiency in the functioning of these public sector enterprises.
- Objective Evaluation: The MoU system aims to establish a formal agreement between the government and Central Public Sector Enterprises (CPSEs) outlining specific targets and performance parameters. These targets are based on the organization's strategic goals and objectives, and are measurable and quantifiable.
- Performance Measurement: Through the MoU system, CPSEs are required to set targets for various key performance indicators such as financial performance, operational efficiency, productivity, and social responsibility. These targets serve as benchmarks to assess the management's performance.
- Accountability: The MoU system holds the management of CPSEs accountable for achieving the agreed-upon targets. It provides a transparent mechanism for evaluating the performance of the organization against the set objectives.
- Enhanced Efficiency: By setting clear targets and monitoring progress through the MoU system, CPSEs are encouraged to improve their operational efficiency, performance, and overall effectiveness. This leads to better governance and management practices within these organizations.
In conclusion, the primary objective of the MoU system in India is to evaluate the management performance of CPSEs through objective criteria, thereby promoting accountability, transparency, and efficiency in the functioning of these public sector enterprises.
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The Government of India introduced the system of MoU in the year 1986. What is the objective of MoU system:a) Improve the performance of CPSEs through reduced management autonomy;b) Increase the haziness in goals and objectives for better performance;c) Evaluate management performance through objective criteria;d) Cut incentives for better future performance;Correct answer is option 'C'. Can you explain this answer?
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The Government of India introduced the system of MoU in the year 1986. What is the objective of MoU system:a) Improve the performance of CPSEs through reduced management autonomy;b) Increase the haziness in goals and objectives for better performance;c) Evaluate management performance through objective criteria;d) Cut incentives for better future performance;Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Government of India introduced the system of MoU in the year 1986. What is the objective of MoU system:a) Improve the performance of CPSEs through reduced management autonomy;b) Increase the haziness in goals and objectives for better performance;c) Evaluate management performance through objective criteria;d) Cut incentives for better future performance;Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Government of India introduced the system of MoU in the year 1986. What is the objective of MoU system:a) Improve the performance of CPSEs through reduced management autonomy;b) Increase the haziness in goals and objectives for better performance;c) Evaluate management performance through objective criteria;d) Cut incentives for better future performance;Correct answer is option 'C'. Can you explain this answer?.
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