What are Maharatnas navratnas and Miniratnas?
Navratnas, Maharatnas and Miniratnas The government grants the status of Navratna, Miniratna and Maharatna to Central Public Sector Enterprises based upon the profit made by these CPSEs. The Maharatna category has been the most recent one since 2009, other two have been in function since 1997.
What is Maharatna status?
“Maharatna” status is granted to a company which has recorded more than Rs. 5,000 crore of net profit for three consecutive years, an average annual turnover of Rs. The Government has laid down criteria for grant of Maharatna, Navratna and Miniratna status to CPSEs.
What are the criteria to be considered to get Maharatna status?
An average annual net worth of more than Rs. 10,000 crore during the last three years. An average annual net profit of more than Rs. 2,500 crore during the last 3 years.
What are the criteria for Miniratna category?
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.
What is Schedule A Miniratna?
3.2 Similarly, enterprises that have been making profits continuously during the preceding three years and fulfilling a few other conditions like positive net worth, non-dependence on budgetary support, not defaulting in repayments of loans and interest on loans etc. are categorized as Miniratna.
How many Maharatnas are in India?
10 Maharatna Companies
There are a total of 10 Maharatna Companies in India. These include NTPC, ONGC, SAIL, BHEL, IOCL, HPCL, CIL, GAIL, BPCL and Power Grid Corporation of India.
Which of the following company does not have the Maharatna status?
The correct answer is Hindustan Copper Limited. Hindustan Copper Limited (HCL) is a Schedule ‘A’ Miniratna Category – I Central Public Sector Enterprise under the administrative control of the Ministry of Mines, Government of India.
How many Cpsus has got the status of Maharatna at present?
10 Maharatna Companies – Central Public Sector Enterprises (CPSEs)
Who is given status of navratnas?
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) …
What is meant by Miniratna?
1. Category I: Miniratnas that have made profits for the last three years continuously or earned a net profit of Rs 30 crores or more in one of these three years. There are 60 such companies.
What is difference between Maharatna and navratna?
The status of Maharatna allows a PSE to make foreign investments up to Rs. 5000 crores without seeking government approval. To get to the status of Maharatna, a Navratna must have an annual profit of more than 5000 crores, a net worth of Rs. 15000 crores, and a turnover of Rs.
What are the requirements for Maharatna status in India?
CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status: Listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations An average annual turnover of more than Rs. 20,000 crore during the last three years
Which is the most recent category of Maharatna?
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.
How are questions asked in Maharatna, Navratna and Miniratna PSUs?
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.
Is the exercise of Maharatna powers subject to the same conditions?
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. These conditions and guidelines as they stand on date are as under.