NSIC Upgraded to Schedule A CPSE: What Changes
Why in the news
NSIC moved up a tier in recognition of its steady Excellent performance and larger scale.
Key facts
- CPSEs are incorporated under the Companies Act or by Acts of Parliament; the DPE (Finance Ministry) administers them.
- Ranking sets pay scales, board-level ranks and governance structure.
- Criteria: investment, capital employed, net sales, profit before tax, staff (five-year view), plus national importance and strategic value.
| Schedule | Type |
|---|---|
| A | Highest; large, strategic |
| B | Mid-sized |
| C | Smaller or niche |
| D | Smallest, often new |
Significance
- Higher IDA pay scales for CMD and Directors, a stronger board and greater stature.
Exam angle
- Upgrade: Schedule B to A.