(a) whether the Government has reviewed the performance of Public Sector Undertakings (PSUs) during the last three years;
(b) if so, the details thereof including the targets set and achieved during the said period;
(c) the details of the plan formulated to improve the performance of the sick PSUs and to achieved the set target; and
(d) the details of action taken/ proposed to be taken in this regard?
THE MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI PRAFUL PATEL)
(a) & (b): The performance of Public Sector Undertakings (PSUs) is reviewed/evaluated by Government of India through Memorandum of Understanding (MoU) System. MoU is a mutually negotiated agreement between the management of the PSUs and Government of India and involves goal setting and performance evaluation of PSUs on an annual basis. Under the MoU System, the performance of PSUs is measured against targets on a five point scale (Excellent, Very Good, Good, Fair and Poor) in terms of their achievement against the targets laid down for various financial and non-financiat performance parameters. The performance of PSUs during last three years is as follows.
Year Excellent Very Good Good Fair Poor Total No. of PSUs Evaluated 2010-11 67 44 24 24 2 161 2009-10 73 31 20 20 1 145 2008-09 47 35 25 17 1 125