India’s Centre has tightened FY27 performance norms for central public sector enterprises, linking accountability to measurable outcomes. CPSEs can lose full marks if they miss mandatory CSR activity targets or breach MSME procurement and payment requirements, including failing to disclose unpaid bills in annual reports. The evaluation also penalises gaps in succession planning through mark deductions, and adds a heavier focus on R&D and innovation, especially for firms with import dependence. The Centre circulated the guidelines this month under a committee chaired by the cabinet secretary.
Public sector companies and key government bodies ramped up capital expenditure in April, with a 63% surge that signals a strong start to the fiscal year FY27. The higher outlay points to renewed momentum in infrastructure priorities, which analysts say can support economic stability despite global uncertainties and an already higher base than last year.
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A parliamentary panel warns of a managerial crisis across Central Public Sector Enterprises, saying many operate without full-time CMDs and face funding strains. It also notes a severe shortfall of independent directors, raising concerns over oversight and accountability. The panel urges action including revisiting dividend policies and speeding up leadership appointments to improve competitiveness.
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