ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Memorandum of Understanding and Business Performance Appraisal of the Public Sector

This paper presents a new framework for the memoranda of understanding that central public sector enterprises sign with the government for benchmarking their performance. The framework goes beyond standard financial ratios. It uses these ratios and other information to develop state financial parameters, dynamic indicators and sector and enterprise-specific variables for public sector enterprises in each sector. The paper, based on a study done for the government of India, suggests a new analytical tool for measuring public sector performance.

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