#UPSC #IAS #UPSCPrelims2024
This thread🧵 is very #important for #upscaspirants to 🎯
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Q. Two #IndianRailways' PSUs, #RITESLIMITED and #IrconOfficial granted #Navratna status, increasing the number of Indian Navratna companies from 14 to 16. Discuss the criteria adopted to grant the Navratna status and what is its significance?
Ans. The criteria adopted to grant the Navratna status to #CentralPublicSectorEnterprises (#CPSEs) in India are as follows:
👉The CPSE should have made profits for the last three consecutive years.
👉The CPSE should have a positive net worth.
👉The CPSE should have a significant global presence or international operations.
👉The CPSE should meet certain financial performance criteria, such as:
🏆Net profit to net worth ratio of at least 25%
🏆Manpower cost to total cost of production or cost of services ratio of at most 15%
🏆Profit before depreciation, interest, and taxes (PBDIT) to capital employed ratio of at least 15%
🏆Profit before tax (PBIT) to turnover ratio of at least 15%
🏆Earnings per share of at least 10%
💥Inter-sectoral performance:
The Navratna status is a recognition of the CPSE's outstanding performance and its contribution to the #Indianeconomy. It also grants the CPSE a number of financial and administrative autonomies, such as:
👉The power to approve investments up to ₹1,000 crore without government approval.
👉The power to invest up to 15% of its net worth in a single project, or 30% of its net worth in a given year, subject to a cap of ₹1,000 crore.
👉The power to raise funds from the domestic and international markets without government approval.
👉The power to enter into joint ventures and strategic alliances with foreign companies without government approval.
The significance of the Navratna status is that it empowers CPSEs to operate more efficiently and effectively, and to compete on a global scale. It also helps to attract and retain top talent, and to boost the morale of employees.
The recent grant of Navratna status to @RITESLIMITED and IrconInternational Limited (@IrconOfficial) is a welcome development. These two CPSEs have been playing a vital role in the development of the Indian Railways, and they have the potential to become global leaders in their respective fields. The Navratna status will help them to achieve their full potential and to contribute even more to the Indian economy.
This thread🧵 is very #important for #upscaspirants to 🎯
Do complete it
Q. Two #IndianRailways' PSUs, #RITESLIMITED and #IrconOfficial granted #Navratna status, increasing the number of Indian Navratna companies from 14 to 16. Discuss the criteria adopted to grant the Navratna status and what is its significance?
Ans. The criteria adopted to grant the Navratna status to #CentralPublicSectorEnterprises (#CPSEs) in India are as follows:
👉The CPSE should have made profits for the last three consecutive years.
👉The CPSE should have a positive net worth.
👉The CPSE should have a significant global presence or international operations.
👉The CPSE should meet certain financial performance criteria, such as:
🏆Net profit to net worth ratio of at least 25%
🏆Manpower cost to total cost of production or cost of services ratio of at most 15%
🏆Profit before depreciation, interest, and taxes (PBDIT) to capital employed ratio of at least 15%
🏆Profit before tax (PBIT) to turnover ratio of at least 15%
🏆Earnings per share of at least 10%
💥Inter-sectoral performance:
The Navratna status is a recognition of the CPSE's outstanding performance and its contribution to the #Indianeconomy. It also grants the CPSE a number of financial and administrative autonomies, such as:
👉The power to approve investments up to ₹1,000 crore without government approval.
👉The power to invest up to 15% of its net worth in a single project, or 30% of its net worth in a given year, subject to a cap of ₹1,000 crore.
👉The power to raise funds from the domestic and international markets without government approval.
👉The power to enter into joint ventures and strategic alliances with foreign companies without government approval.
The significance of the Navratna status is that it empowers CPSEs to operate more efficiently and effectively, and to compete on a global scale. It also helps to attract and retain top talent, and to boost the morale of employees.
The recent grant of Navratna status to @RITESLIMITED and IrconInternational Limited (@IrconOfficial) is a welcome development. These two CPSEs have been playing a vital role in the development of the Indian Railways, and they have the potential to become global leaders in their respective fields. The Navratna status will help them to achieve their full potential and to contribute even more to the Indian economy.
14 earlier #Navratnas
#UPSC #IAS #GS2 #GS3 #UPSCPrelims2024
Q. What are the differences among between #Maharatna, #Navratna and #Miniratna companies. What is their respective contribution in India's success story?
Ans. Maharatna, Navratna, and Miniratna are classifications of #CentralPublicSectorEnterprises (#CPSEs) in #India. They are categorized based on their financial performance, size, and importance to the Indian economy.
💥Maharatna Companies
👉Maharatna companies are the largest and most #profitable CPSEs in India. They are granted the highest degree of #autonomy by the #government and are expected to play a leading role in the #globaleconomy.
💥Navratna Companies
👉Navratna companies are also large and profitable CPSEs, but they are slightly smaller than Maharatna companies. They are also granted a significant degree of autonomy by the government.
💥Miniratna Companies
👉Miniratna companies are smaller than Maharatna and Navratna companies, but they are still considered to be important to the #Indianeconomy. They are granted less autonomy than Maharatna and Navratna companies, but they are still given some flexibility in their operations.
💥Contribution of Maharatna, Navratna and Miniratna Companies to India's Success Story
👉Maharatna, Navratna, and Miniratna companies play a significant role in the Indian economy. They contribute to the country's #GDP, #employment, and #exports. They also play an important role in #infrastructure #development and #socialwelfare.
Some specific examples of how Maharatna, Navratna, and Miniratna companies have contributed to India's success story:
💥Maharatna Company: #IndianOilCorporation (#IOC) is the largest #publicsector #oil company in India. It plays a vital role in the country's #energysecurity. IOC also contributes to the Indian economy through its taxes and dividends.
💥Navratna Company: #HindustanAeronauticsLimited (#HAL) is the largest #aerospace company in India. It manufactures a wide range of #aircraft and #helicopters for the #Indianmilitary and #civilaviation sectors. HAL also exports its products to several countries.
💥Miniratna Company: #NationalMineralDevelopmentCorporation (#NMDC) is the largest #ironore producer in India. It plays a critical role in the Indian #steelindustry. NMDC also contributes to the Indian economy through its taxes and dividends.
Overall, Maharatna, Navratna, and Miniratna companies play a significant role in the Indian economy and have contributed to the country's success story.
Q. What are the differences among between #Maharatna, #Navratna and #Miniratna companies. What is their respective contribution in India's success story?
Ans. Maharatna, Navratna, and Miniratna are classifications of #CentralPublicSectorEnterprises (#CPSEs) in #India. They are categorized based on their financial performance, size, and importance to the Indian economy.
💥Maharatna Companies
👉Maharatna companies are the largest and most #profitable CPSEs in India. They are granted the highest degree of #autonomy by the #government and are expected to play a leading role in the #globaleconomy.
💥Navratna Companies
👉Navratna companies are also large and profitable CPSEs, but they are slightly smaller than Maharatna companies. They are also granted a significant degree of autonomy by the government.
💥Miniratna Companies
👉Miniratna companies are smaller than Maharatna and Navratna companies, but they are still considered to be important to the #Indianeconomy. They are granted less autonomy than Maharatna and Navratna companies, but they are still given some flexibility in their operations.
💥Contribution of Maharatna, Navratna and Miniratna Companies to India's Success Story
👉Maharatna, Navratna, and Miniratna companies play a significant role in the Indian economy. They contribute to the country's #GDP, #employment, and #exports. They also play an important role in #infrastructure #development and #socialwelfare.
Some specific examples of how Maharatna, Navratna, and Miniratna companies have contributed to India's success story:
💥Maharatna Company: #IndianOilCorporation (#IOC) is the largest #publicsector #oil company in India. It plays a vital role in the country's #energysecurity. IOC also contributes to the Indian economy through its taxes and dividends.
💥Navratna Company: #HindustanAeronauticsLimited (#HAL) is the largest #aerospace company in India. It manufactures a wide range of #aircraft and #helicopters for the #Indianmilitary and #civilaviation sectors. HAL also exports its products to several countries.
💥Miniratna Company: #NationalMineralDevelopmentCorporation (#NMDC) is the largest #ironore producer in India. It plays a critical role in the Indian #steelindustry. NMDC also contributes to the Indian economy through its taxes and dividends.
Overall, Maharatna, Navratna, and Miniratna companies play a significant role in the Indian economy and have contributed to the country's success story.
#UPSC #IAS #GS2 #GS3 #UPSCPrelims2024 #UPSC2024 #UPSC2025 #UPSC2026 #Upscaspirants #upsc_cse
The following table summarizes the key differences between Maharatna, Navratna, and Miniratna companies:
The following table summarizes the key differences between Maharatna, Navratna, and Miniratna companies:
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