Why do you think that navaratna industries have been b accorded this status of navaratna
Answers
Navratna was the title given originally to 9 Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants". Originally, the term Navaratna meant a talisman or ornament composed of nine precious gems. Later, this symbology was adopted in the courts of Emperor Vikramaditya and the Mughal emperorAkbar, where the Navaratnas were a group of nine extraordinary men in their respective courts.
The Navaratna industries have been accorded the status of navaratna because of the net advantage which is added to the total resources along with winning in every share.
Explanation:
- They have provided benefits before interest and costs to turnover.
- Their execution in every sector is brilliant with the labor cost indicating the expense of administration.
The companies which come under the status of Navaratnas such as:
- National Aluminium Company Limited,
- Oil India Limited, RECL or Rural Electrification Corporation Limited,
- NMDC Limited
- Container Corporation of India Limited.
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