Simplification of the process for upgradation of the existing categorization of CPSEs

Simplification of the process for upgradation of the existing categorization of CPSEs: Department of Public Enterprises OM dated 20.05.2024

PD-1-08/002/2023-DPE
भारत सरकार/Government of India
वित्‍त मंत्रालय/Ministry of Finance
लोक उद्यम विभाग/Department of Public Enterprises

सार्वजनिक उद्यम भवनPublig Enterprises Bhawan,
ब्‍लॉक नं. 14/ Block No. 14,
सी.जी.ओ. कॉम्‍पलेक्‍स C.G.O. Complex,
लोधी रोड/ Lodhi Road.
नई दिल्‍ली -110 003 New Delhi-110 003.

दिनांक: 20th May, 2024

OFFICE MEMORANDUM

Subject: Simplification of the process for upgradation of the existing categorization of CPSEs.

The undersigned is directed to refer to this Department OM NO. 9(11)/2011-GM dated 30.11.2011 Prescribing Criteria/parameters for categorization of central Public Sector Enterprises (CPSE). The above guidelines were Partially amended to Provide for auto-Categorization as schedule ‘C’ to:

(i) all asset holding CPSEs created for managing the non-core assets of the CPSEs under disinvestment; and

(ii) already approved CPSEs and yet to be made functional! vide DPE OM of even number dated 11.12.2023.

2. Similarly, to Simplify the process for upgradation / downgradation of the existing initially categorized CPSEs to higher / lower Schedule, it has been decided with the approval of Hon’ble Finance Minister to Prescribe the following modifications in the extant guidelines:

(i) All initially categorised CPSEs would continue to come to DPE for upgradation of their schedule with the approval of their Administrative Ministry/Department as per extant guidelines. DPE will examine the recommendations of the Administrative Ministry/Department as per the existing parameters Prescribed in DPE OM dated 30.11.2011 and take the decision on upgradation proposal of the concerned CPSE with the approval of Hon’ble Finance Minister. Such Proposals would not be referred to PESB and Cabinet Secretariat.

(ii) Similar procedure as in para (i) above would be followed for any proposal for down-gradation of initially categorized CPSE to a lower schedule.

3. All the administrative Ministries/Departments are requested to take note of the above modifications in the guidelines for Categorization of CPSEs.

पवनेश कुमार शर्मा/P.K. Sharma
निदेशक/ Director

Secretaries of all administrative Ministries/ Departments of CPSEs

Copy for information to:
(i) Cabinet Secretariat
(ii) Secretary, PESB