CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Do you think the Navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?

Open in App
Solution

The government identifies PSUs and declares them as Maharatnas, Navratnas and Miniratnas in order to improve their efficiency and enable them to compete globally. They are given greater managerial and operational autonomy in taking various decisions. In 2011, about 90 public enterprises were designated with a different status. The grant of this special status resulted in better performance of these companies.


flag
Suggest Corrections
thumbs-up
27
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Order and Communication
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon