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Mini RATNA status

2nd July, 2024

"Mini RATNA" status

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Context

  • Union Minister announced the grant of "Mini RATNA" status (Category-1) for Central Electronics Limited (CEL) at its Golden Jubilee celebration.

Maharatna, Navratna, and Miniratna

  • Maharatna, Navratna, and Miniratna are classifications for Public Sector Enterprises (PSEs) or Central Public Sector Enterprises (CPSEs), determined by criteria such as financial performance, net worth, revenue, and profitability.
  • The Department of Public Enterprises designates these statuses based on the CPSEs' financial metrics and growth trajectory.

READ MORE: https://www.iasgyan.in/daily-current-affairs/maharatna-navratna-and-miniratna

PRACTICE QUESTION

Q. What criteria determine the classification of Public Sector Enterprises (PSEs) into Maharatna, Navratna, and Miniratna categories?

a) Export turnover and foreign exchange earnings

b) Financial performance, net worth, revenue, and profitability

c) Employment generation and social welfare initiatives

d) Technological innovation and research and development investment

Answer b)

 SOURCE: PIB

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