Question

Why do you think that. Navaratan Industry have been Accorded this. Status of. Navaratna

Answer 1

New Delhi:India’s leading power sector financial institution, Power Finance Corporation (PFC), has been accorded the navratna status. This will enable PFC to invest up to Rs1,000 crore in establishing joint ventures (JV) or setting up subsidiaries in India or abroad without a prior government approval.

Currently, there are eight navratna companies—Oil and Natural Gas Corporation, NTPC Ltd, GAIL India Ltd, Bharat Heavy Electricals Ltd, Hindustan Petroleum Corporation Ltd, Bharat Petroleum Corporation Limited, Steel Authority of India Ltd and Indian Oil Corporation. “This will help us in setting up JVs and add value to our company," V.K. Garg, PFC chairman and managing director, said.

Answer 2

"Navratna companies in India are:

• Neyveli Lignite Corporation Limited

• Bharat Electronics Limited (BEL)

• Power Grid Corporation of India Limited

• Engineers India Limited

• Power Finance Corporation Limited

• Hindustan Aeronautics Limited

• National Aluminium Company Limited

• Shipping Corporation of India Limited

• National Buildings Construction Corporation Limited

• Mahanagar Telephone Nigam Limited

• NMDC Limited

• Oil India Limited

• Rashtriya Ispat Nigam Limited

• Hindustan Petroleum Corporation Limited

• Rural Electrification Corporation Limited

• Container Corporation of India Limited

They accorded this status because of:

• Benefit before deterioration, intrigue and duties to capital utilized,

• Benefit before intrigue and expenses to turnover,

• Between sectoral execution.

• Labour cost to add up to the cost of creation/administrations,

• The net benefit to total assets,

• Winning per share and