Exploring CPSEs: A Comprehensive Guide to Their Categorisation System

 The process for upgrading and downgrading the categorisation of Central Public Sector Enterprises (CPSEs) to higher or lower schedules has been streamlined. Now, the Finance Minister holds the ultimate authority for determining the grading of CPSEs. This change simplifies the procedure, ensuring quicker and more efficient decision-making regarding the status of these enterprises.

Central Public Sector Enterprises (CPSEs) are classified into four distinct categories: A, B, C, and D. This classification significantly impacts the organizational structure and the salaries of board-level officials within these enterprises. As of June 26, 2023, data from the Department of Public Enterprises under the Finance Ministry reveals that 71 CPSEs, including prominent names like NTPC, Indian Oil, ONGC, SAIL, and BHEL, are categorized as A. Another 68 CPSEs, such as Air India Assets Holding, Cement Corporation, and Garden Reach, fall under category B. Categories C and D comprise 38 and 5 CPSEs, respectively.



In addition to these categories, CPSEs are further classified into four "Ratna" statuses based on their financial autonomy and organizational powers. The Maharatna status, the highest of these, is held by 11 CPSEs. The Navaratna status is conferred upon 12 CPSEs, offering them significant financial autonomy. The Mini Ratna-1 status is granted to 58 CPSEs, while 10 CPSEs hold the Mini Ratna-2 status. These classifications play a crucial role in defining the financial and operational liberties of these enterprises, allowing them to function with varying degrees of independence and authority.

This structured approach not only ensures a clear hierarchy and efficient governance within the CPSEs but also aligns their operational capabilities with their strategic importance to the national economy. The recent simplification of the upgrading and downgrading process, with the Finance Minister now being the final authority for grading, aims to further streamline this system, ensuring timely and effective decision-making.

Continue Reading- Categorisation of Central Public Sector Enterprises (CPSEs)

Comments

Post a Comment

Popular posts from this blog

The Power of Household Savings

Image
 The findings of the recent Household Consumption Expenditure Survey have unveiled a concerning trend for the Indian economy, shedding light on a notable decrease in both savings and investment activities. This decline in savings and investment poses significant implications for various sectors of the economy, raising important questions about future growth prospects and financial stability. Also Read-  Empowering India’s Insurance Landscape: The Role of IRDAI Gross Domestic Savings, a crucial component of the economy, comprises contributions from multiple sectors, including the Household sector, Private sector, Corporate sector, and Public sector.  Over the past decade, there has been a noticeable decline in Gross Domestic Savings, plummeting from 37% to 31.5%. This downward trend raises concerns about the overall economic health and stability. Notably, the Household sector emerges as the primary contributor to savings in India, underscoring its pivotal role in the nation's financ
Read more

The Marvels of mRNA Vaccines

Image
 As the COVID-19 pandemic gradually recedes, manufacturers of mRNA vaccines find themselves grappling with surplus vaccine doses and dormant production facilities. Traditional vaccines typically contain weakened or inactivated forms of pathogens, such as bacteria or viruses, to trigger an immune response. However, a groundbreaking advancement in vaccine technology has led to the development of mRNA vaccines. Unlike conventional vaccines, mRNA vaccines utilize a molecule known as messenger RNA (mRNA), which plays a crucial role in protein production within cells. mRNA vaccines work by delivering a small segment of genetic material, mRNA, into the body. This mRNA contains instructions for cells to produce specific proteins, mimicking components of the targeted pathogen. Once inside the cells, the mRNA prompts protein synthesis, triggering an immune response. This innovative approach allows the immune system to recognize and mount a defense against the pathogen without exposure to the act
Read more

Danger Lurking: Cancer-Causing Chemicals Detected in Indian Products

Image
  Numerous countries, among them the United States and the European Union, have detected microbiological contamination, specifically Salmonella contamination, and elevated levels of ethylene oxide, a pesticide, in spices sourced from India and exported to these nations. This discovery has prompted concerns about the safety and quality of Indian spices in international markets, raising questions about the regulatory oversight and production practices within the Indian spice industry. The presence of such contaminants highlights the need for stricter quality control measures and greater scrutiny throughout the supply chain to ensure the safety of food products exported from India. The discovery of microbiological contamination and high levels of ethylene oxide in Indian spices exported to various countries underscores the importance of stringent quality control measures and regulatory oversight in the food industry. While the export of spices is a significant contributor to India's e
Read more