Start learning 50% faster. Sign in now
Various PSUs have been awarded additional financial autonomy. 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. In 2010, the government established the higher Maharatna category, which raises a company's investment ceiling from Rs. 1,000 crores to Rs. 5,000 crores. The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project while the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval. Two categories of "Miniratnas" afford less extensive financial autonomy. List of Maharatna 1.National Thermal Power Corporation (NTPC) 2.Oil and Natural Gas Corporation (ONGC) 3.Steel Authority of India Limited (SAIL) 4.Bharat Heavy Electricals Limited (BHEL) 5.Indian Oil Corporation Limited(IOCL) 6.Coal India Limited(CIL) 7.Gas Authority of India Limited(GAIL)
What digital initiative was launched by the Union Ministry of Social Justice and Empowerment at the Shilp Samagam Mela to support marginalized artisans?
On 20th July, 2023, the ASEAN Countries Conference on Traditional Medicines was organized in which of the following countries?
Consider the following statements about Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY):
1. Government recently extended the PMGKAY scheme for a...
Consider the statements about National Centre for Seismology (NCS):
1. An earthquake of magnitude 3.9 hit Jammu and Kashmir's Kishtwar district i...
Who launched the India New Car Assessment Programme (Bharat NCAP)?
Recently, information about blood clotting and low platelet count has been associated with which COVID-19 vaccine?
On which date is Independence Day celebrated in the United States to commemorate the passage of the Declaration of Independence?
Which state has launched the “Banglar Bari” scheme to provide houses for the rural poor?
Who was the world's richest woman according to the latest Bloomberg Billionaires Index in May 2024?
Consider the following pairs;
Which of the above give...