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, respe