NAVRATNA STATUS
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Context
- Rail Vikas Nigam Limited (RVNL), a Central Public Sector Enterprises of Ministry of Railways, has been granted Navratna Status.
Overview
- Central Public Sector Enterprises (CPSEs) are also known as Public Sector Undertakings (PSUs) or Public Sector Enterprises (PSEs) in India.
- PSUs in various sectors that perform well up to certain parameters are given “Ratna Statuses.”
- These Ratna-status corporations are further divided into Maharatna, Navratna, and Miniratna companies (Category I and Category II).
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PRACTICE QUESTION Q. Consider the following statements. a) “Maharatna” status is granted to a company which has recorded more than Rs. 5,000 crores of net profit for three consecutive years. b) The Government of India allows Navratna companies to invest up to ₹1,000 crores without formal approval from the government. c) 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. Which of the statements given above are correct? 1. a and b only 2. a and c only 3. a, b, and c only 4. All of the above. Correct Answer: Option 4 |
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