Solution:
CPSEs are classified into 3 categories: Maharatna, Navratna, and Miniratna.
Eligibility Criteria to be considered for grant of Maharatna status:
Having Navratna status .
Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
Average annual turnover of more than Rs. 25,000 crore , during the last 3 years.
The average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
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 seven ‘Maharatna’ CPSEs :
Bharat Heavy Electricals Limited, Coal India Limited, GAIL (India) Limited, Indian Oil Corporation Limited, NTPC Limited, Oil & Natural Gas Corporation Limited, and Steel Authority of India Limited.
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.
Eligibility Criteria to be considered for grant of Miniratna status:
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.
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.
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