MEMORANDUM OF UNDERSTANDING (MoU) – A PERFORMANCE MEASUREMENT TOOL FOR CPSEs

This paper attempts to discuss about the Memorandum of Understanding (MoU) signed between the Administrative Ministries and the concerned CPSEs as a performance measurement tool for CPSEs. The paper highlights the evolution of the concept of MoU framework for CPSEs in India, the concept of MoU, the MoU process and the benefits and the significance of the MoU framework with respect to the CPSEs. This paper will help to make an understanding about the process of MoU as a performance measurement framework for the CPSEs.