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Which companies recently received the Navratna status from the Government of India?
- a)NHPC, SJVN, and RailTel
- b)Tata Power, Reliance Energy, and BHEL
- c)ONGC, NTPC, and Coal India
- d)Infosys, TCS, and Wipro
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which companies recently received the Navratna status from the Governm...
NHPC, SJVN, and RailTel were granted the Navratna status, which signifies a higher level of autonomy and recognition for these public sector companies in India. This status allows them more freedom in making significant investment decisions and expanding their operations, which is crucial for their growth and contribution to the economy.
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Which companies recently received the Navratna status from the Governm...
Understanding Navratna Status
Navratna status is a designation given by the Government of India to certain public sector enterprises (PSEs) that have comparative advantages, allowing them greater autonomy in decision-making. This status is crucial as it promotes efficiency and competitiveness among PSEs.
Recent Recipients of Navratna Status
Recently, the companies that were granted Navratna status are:
Significance of Navratna Status
The Navratna status provides these companies with several benefits:
Conclusion
The granting of Navratna status to NHPC, SJVN, and RailTel is a significant step towards empowering these entities to operate more efficiently and contribute effectively to India's economic growth. This recognition not only enhances their operational capabilities but also positions them strategically in the public sector landscape.
Navratna status is a designation given by the Government of India to certain public sector enterprises (PSEs) that have comparative advantages, allowing them greater autonomy in decision-making. This status is crucial as it promotes efficiency and competitiveness among PSEs.
Recent Recipients of Navratna Status
Recently, the companies that were granted Navratna status are:
- NHPC (National Hydroelectric Power Corporation): Engaged in the development of hydroelectric power projects.
- SJVN (Satluj Jal Vidyut Nigam): Focuses on the development of hydroelectric power in India.
- RailTel: A telecom infrastructure provider, primarily for Indian Railways.
Significance of Navratna Status
The Navratna status provides these companies with several benefits:
- Financial Autonomy: Enhanced financial powers, allowing them to invest in new projects without seeking prior approvals.
- Strategic Decisions: Ability to make strategic decisions independently, leading to faster project execution.
- Market Competitiveness: Encourages these companies to operate more competitively in the market.
Conclusion
The granting of Navratna status to NHPC, SJVN, and RailTel is a significant step towards empowering these entities to operate more efficiently and contribute effectively to India's economic growth. This recognition not only enhances their operational capabilities but also positions them strategically in the public sector landscape.
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Question Description
Which companies recently received the Navratna status from the Government of India?a) NHPC, SJVN, and RailTelb) Tata Power, Reliance Energy, and BHELc) ONGC, NTPC, and Coal Indiad) Infosys, TCS, and WiproCorrect answer is option 'A'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Which companies recently received the Navratna status from the Government of India?a) NHPC, SJVN, and RailTelb) Tata Power, Reliance Energy, and BHELc) ONGC, NTPC, and Coal Indiad) Infosys, TCS, and WiproCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which companies recently received the Navratna status from the Government of India?a) NHPC, SJVN, and RailTelb) Tata Power, Reliance Energy, and BHELc) ONGC, NTPC, and Coal Indiad) Infosys, TCS, and WiproCorrect answer is option 'A'. Can you explain this answer?.
Which companies recently received the Navratna status from the Government of India?a) NHPC, SJVN, and RailTelb) Tata Power, Reliance Energy, and BHELc) ONGC, NTPC, and Coal Indiad) Infosys, TCS, and WiproCorrect answer is option 'A'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Which companies recently received the Navratna status from the Government of India?a) NHPC, SJVN, and RailTelb) Tata Power, Reliance Energy, and BHELc) ONGC, NTPC, and Coal Indiad) Infosys, TCS, and WiproCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which companies recently received the Navratna status from the Government of India?a) NHPC, SJVN, and RailTelb) Tata Power, Reliance Energy, and BHELc) ONGC, NTPC, and Coal Indiad) Infosys, TCS, and WiproCorrect answer is option 'A'. Can you explain this answer?.
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