Question

why was the system of memorandum of understanding (mou) introduced​

Answer 1

Answer:

The objective was to create a level-playing field for the public sector enterprises in France vis-a-vis the private corporate sector. The MoU system was first introduced in India in 1986, based on the Arjun Sengupta committee report (1984), which recommend agreements for five years that may be reviewed annually

Answer 2

The system of MOU in india was implemented in 1986.

Explanation:

• (MOU) stands for Memorandum of understanding and is a type of agreement that takes between the bilateral and multilateral parties and it implies the legal commitment of will in the situations.

• The MOU in India was based on the Sengupta Committee report and emphasized the core sectors of steel, heavy engineering, and coal, power, petroleum, and the fertilizers.

• The objective of the MOU is to improve the performance throughout the management by autonomy, clear the haziness in goals and objective and evaluate management practiced through the objective criteria also to provide an incentive for better future performances.

Learn more about the  system of memorandum of understanding (mou) introduced.

• brainly.in/question/18657044 answered by siddhikayadav2008.