Correct Answer - Option 2 : 1(C), 2(A), 3(B)
The correct answer is 1(C), 2(A), 3(B).
- CPSEs are classified into 3 categories: Maharatna, Navratna, and Miniratna.
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Eligibility Criteria to be considered for grant of Maharatna status:
- Having Navratna status.
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Listed on the Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
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Average annual turnover of more than Rs. 25,000 crore, during the last 3 years.
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The average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
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Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
- Should have a significant global presence/international operations.
- There are ten ‘Maharatna’ CPSEs: Bharat Heavy Electricals Limited, Coal India Limited, GAIL (India) Limited, Indian Oil Corporation Limited, NTPC Limited, Oil & Natural Gas Corporation Limited, Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), Power Grid Corporation of India (POWERGRID), and Steel Authority of India Limited.
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Eligibility Criteria to be considered for grant of Navratna status:
- The Miniratna Category – I and Schedule ‘A’ CPSEs, which have obtained ‘excellent’ or ‘very good’ rating under the Memorandum of Understanding system in three of the last five years, and have a composite score of 60 or above in the six selected performance parameters, namely,
- net profit to net worth,
- manpower cost to total cost of production/services,
- profit before depreciation, interest, and taxes to capital employed,
- profit before interest and taxes to turnover,
- earning per share,
- inter-sectoral performance.
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Eligibility Criteria to be considered for grant of Miniratna status:
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Category –I CPSEs should have made a profit in the last three years continuously, the pre-tax profit should have been Rs. 30 crores or more in at least one of the three years and should have a positive net worth.
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Category-II CPSEs should have made a profit for the last three years continuously and should have a positive net worth.
- These CPSEs shall be eligible for the enhanced delegated powers provided they have not defaulted in the repayment of loans/interest payment on any loans due to the Government.