What is Maharatna Navaratna and Miniratna?
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The government grants the status of Navratna, Miniratna and Maharatna to Central Public Sector Enterprises (CPSEs) based upon the profit made by these CPSEs. These companies are owned and operated by the Union Government of India, or a state government, or both.
How many Maharatna navratna and miniratna companies?
List of Maharatna and Navratna: As of January 2020, India has 10 Maharatna companies, 14 Navratna companies in India, and 73 Miniratna companies divided into Category 1 and Category 2.
What is Maharatna CPSE?
Ans. A PSU in India with a Navratna status; listed on the Indian Stock Exchange; with an average net profit of more than Rs. 25,000 crore for 3 years and an average annual net worth of Rs. 15,000 crore for 3 years, is eligible to become a Maharatna Company.
What is the status of Navratna Miniratna and Maharatna in CPSE?
The government grants the status of Navratna, Miniratna and Maharatna to Central Public Sector Enterprises (CPSEs) based upon the profit made by these CPSEs. The Maharatna category has been the most recent one since 2009, the other two have been in function since 1997.
What is Maharatna category in PSU?
The Maharatna category has been the most recent one since 2009, the other two have been in function since 1997. In our country, a Public Sector Undertaking (PSU) is a government-owned corporation. These companies are owned and operated by the Union Government of India, or a state government, or both.
What are the questions asked in Navratna and Maharatna exams?
In various examinations, the questions are asked based upon the number of Maharatna, Navratna and Miniratna companies in India. In exams conducted by these PSUs for recruitment, thee are also questions asked based on general awareness about the criteria considered for granting these three financial autonomy status to companies.
Currently, there are 16 PSUs in India which are termed as Navratnas. Also, the recent addition in this category is the NBCC (National building construction corporation) and EIL (Engineers India limited).