These companies are “
public sector companies that have comparative advantages
”, giving them greater autonomy to compete in the global market so as to “support [them] in their drive to become global giants”.
- Bharat Electronics Limited (BEL)
- Container Corporation of India.
- Engineers India Limited (EIL)
- Hindustan Aeronautics Limited.
- Mahanagar Telephone Nigam Limited.
- National Aluminium Company (NALCO)
- NBCC (India) Limited.
- National Mineral Development Corporation (NMDC)
These companies are
“public sector companies that have comparative advantages”
, giving them greater autonomy to compete in the global market so as to “support [them] in their drive to become global giants”. Financial autonomy was initially awarded to nine PSUs as Navratna status in 1997.
Miniratna Category-I status: – The CPSEs which
have made profit in the last three years continuously
, pre-tax profit is Rs. 30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.
Currently, BHEL is
a Navratna company
which allows it to make investments only up to Rs 1,000 crore without the Cabinet nod. … To be eligible for Maharatna status, a public sector company should have an average annual net profit of over Rs 5,000 crore in the last three years, among others.
This
Navratna
company is one of the few profit making companies that the government owns, and has always been a vital part of the government’s investment plans. LIC is the oldest insurance company and also the largest financial institution of the country — with a massive investment corpus of ₹31 lakh crore.
What is the salary of PSU?
| Organization Status Salary Structure | Hindustan Petroleum Corporation Limited (HPCL) Navratna Rs. 60,000-1,80,000 | Oil India Limited (OIL) Navratna Rs. 60,000-1,80,000 | Power Grid Corporation of India Limited (PGCIL) Navratna Rs. 60,000-1,80,000 | Hindustan Aeronautics Limited (HAL) Navratna Rs.16,400-Rs. 40,500 |
|---|
The
Maharatna status
gives more autonomy and authority to a company than the other categories such as Navratna or Miniratna. … PSUs with Maharatna status can invest 15% of their net worth in a project without prior permission from the Government of India.
| No Company Name | 16 Shipping Corporation of India Limited |
|---|
The correct answer is
Bharat electronics limited
. Bharat Electronics Limited (BEL) is an Indian state-owned aerospace and defence company with about nine factories and several regional offices in India.
The companies that have applied for the navratna status include
Power Finance Corporation (PFC)
, Rural Electrification Corporation (REC), Power Grid Corporation (PGCIL), National Hydroelectric Power Corporation (NHPC), Bharat Sanchar Nigam (BSNL), Shipping Corporation of India (SCI), National Aluminium Company (NALCO) …
Who gives Ratna status?
| (i) Secretary, Department of Public Enterprises Chairman | (ii) Secretary, Department of Expenditure Member | (iii) Secretary, Planning Commission Member | (iv) Secretary of the concerned Administrative Ministry/Department Member |
|---|
The exercise of Maharatna powers would be subject to the same conditions and guidelines as laid down by the Government in respect of Navratna CPSEs from time to time. … NTPC , the largest power generating company of the country, presently has an installed capacity of over 31000 MW.
How many PSU are in India?
There are
277
Central Public Sector Undertakings in India.
When did BHEL become Maharatna?
The government had announced the Maharatna status in
December, 2009
to give more operational freedom to the top performing PSUs. Meanwhile, state-run BHEL said it has paid its highest equity dividend of Rs 1,567 crore to its shareholders including the government for 2011-12, the statement said.
