Some PSUs were given autonomy in taking managerial decisions and granted special status called as ________.
A
navaratnas
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B
mini ratnas
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C
maha ratnas
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D
navratnas and mini ratnas
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Solution
The correct option is C navratnas and mini ratnas
Some PSUs have been granted special status as navaratnas and mini ratnas. In 1996, in order to improve efficiency, infuse professionalism and enable them to compete more effectively in the liberalised global environment, the government chose nine PSUs and declared them as navaratnas and 97 other profit-making enterprises referred to as mini ratnas.