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Question
The central public sector enterprises BHEL, BPCL, GAIL, HPCL, IOC, MTNL, NTPC, ONGC, and SAIL were recognized as ______ by the government in 1997.
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Solution
The correct option is B navaratnas
The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project while the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval. Two categories of Miniratnas afford less extensive financial autonomy.
The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project while the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval. Two categories of Miniratnas afford less extensive financial autonomy.
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