ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Navratna status was first allotted to 9 public sector enterprises in 1997. As of January 2022, there are 13 navratnas in India.

Detailed explanation-2: -Navratna CPSEs The Government had introduced the Navratna scheme, in 1977, to identify Central Public Sector Enterprises (CPSEs) that had comparative advantages and to support them in their drive to become global giants. The Navratna status empowers PSEs to invest up to Rs.

Detailed explanation-3: -Bharat Heavy Electricals Limited – Bharat Heavy Electricals Limited became India’s first Maharatna Company in 1964. The Indian government grants the Central Public Sector Enterprises the Maharatna, Miniratna, and Navaratna statuses. The Ministry of Heavy Industries and Public Enterprises oversees them. 2.

Detailed explanation-4: -Central Government has given “Maharatna” status to Power Finance Corporation (PFC). PFC has become the 11th state-owned entity in India to enter the Maharatna category. Key Points PFC now joins the ranks of other companies like ONGC, Steel Authority of India Limited (SAIL), BHEL and Indian Oil Corporation.