{"id":381971,"date":"2020-11-03T11:16:55","date_gmt":"2020-11-03T05:46:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381971"},"modified":"2020-11-03T11:16:55","modified_gmt":"2020-11-03T05:46:55","slug":"changing-matrix-cpse-staffs-pay-to-depend-on-m-cap-too-greater-role-for-asset-sales","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/changing-matrix-cpse-staffs-pay-to-depend-on-m-cap-too-greater-role-for-asset-sales\/","title":{"rendered":"Changing matrix: CPSE staff\u2019s pay to depend on M-cap too, greater role for asset sales"},"content":{"rendered":"<p>The staff of central public sector enterprises (CPSEs) \u2013 which are around 250 in number now \u2013 may lose on their performance-related pay (PRP), if the firms fail to meet the market capitalisation goals. M-cap performance will be added to the set of parameters governing PRP in the customary memorandum of understandings (MoUs) being signed between the government as the owner and individual CPSEs starting 2021-22 financial year, according to official sources.<\/p>\n<p>Similarly, another PRP criterion \u2013 performance related to asset monetisation \u2013 which was introduced in the MoUs of some PSUs in FY21, will likely be further beefed up, by assigning more weight to it (just 3 marks out of 100 now) in the relevant index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The staff of central public sector enterprises (CPSEs) \u2013 which are around 250 in number now \u2013 may lose on their performance-related pay (PRP), if the firms fail to meet the market capitalisation goals. M-cap performance will be added to the set of parameters governing PRP in the customary memorandum of understandings (MoUs) being signed between the government as the owner and individual CPSEs starting 2021-22 financial year, according to official sources. Similarly, another PRP criterion \u2013 performance related to asset monetisation \u2013 which was introduced in the MoUs of some PSUs in FY21, will likely be further beefed up, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-381971","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}