21 Questions
What was the main purpose of the Memorandum of Understanding (MOU) between SAIL and the Ministry of Steel?
To measure SAIL's performance against predetermined targets
When did SAIL enter into its first Memorandum of Understanding (MOU)?
In 1987-88
Who finalizes the Memorandum of Understanding (MoU) in respect to SAIL?
Department of Public Enterprises [DPE]
What is the significance of the parameters included in the MoU process?
They reflect the shareholders' interests in terms of growth and performance
What does the MOU enable SAIL to do within the framework set by the Government?
Operate as an efficient public sector commercial enterprise
Who may evaluate the targets set for SAIL's subsidiary according to the text?
SAIL on the same principles as DPE for SAIL
What does the Memorandum of Understanding (MoU) aim to improve within SAIL according to the text?
Critical Performance Indicators
What factors are considered for indexing the parameters of CPSEs?
Past performance and future projections
What is the purpose of the digital dashboard developed by DPE?
To evaluate CPSEs against benchmarked targets
What would result in the deduction of full marks for CPSEs?
Non-compliance with certain government priorities/programmes
How are the scores calculated for CPSEs against benchmarked targets?
Automatically based on audited balance sheet data
What happens to MoU agreements in case of changes in MoU exchange rate or raw material prices?
No adjustment is made to MoU agreements
What role does the vision of the Administrative Ministry play in benchmarking?
It is considered for benchmarking purposes
What types of activities could lead to compliance issues for CPSEs?
Non-implementation of CSR and procurement from MSEs
What is the minimum percentage of targets that must be achieved to receive proportional marks?
50%
What happens to the score if there are non-compliances with certain government priorities/programmes?
Full marks are deducted
How is the final aggregate score calculated?
Marks towards non-compliance are deducted from the aggregated score
What is the minimum MoU score required to receive a '>=33' rating?
33
How are the scores on all parameters calculated to arrive at the aggregate score?
All parameter scores are added
Which of the following statements is true regarding the allocation of marks for each parameter?
All parameters receive proportional marks
What is the consequence of non-compliance with certain government priorities/programmes by SAIL?
Full marks are deducted
Learn about the concept of Memorandum of Understanding (MOU) and its importance for Steel Authority of India Limited (SAIL). Understand the purpose and scope of MOU and how it is used to measure the performance of SAIL against agreed targets.
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