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DAILY NEWS ANALYSIS
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27 October, 2019
Min Read
The government of India has accorded ‘Maharatna’ status to public sector undertakings (PSU’s) Hindustan Petroleum Corporation Limited (HPCL) and Power Grid Corporation.
Impact:
This will impart greater operational and financial autonomy thus enhancing powers to their Boards to take financial decisions.
Boards of these PSUs can make equity investments to undertake financial joint ventures (JV) and wholly owned subsidiaries and undertake mergers and acquisitions (M&A) in India as well as abroad. This is however subjected to a ceiling of 15% of the net worth of concerned CPSE, limited to Rs 5,000 crore in one project.
The Boards can also structure and implement schemes relating to personnel as well as human resource management and training.
Holding companies of a ‘Maharatna’ PSU are also empowered to float fresh equity, transfer assets, divest shareholding in subsidiaries, but are subjected to the condition that the delegation will only be in respect of subsidiaries set up by the holding company.
Criteria for grant of Maharatna status:
# Shall be given to CPSEs:
# 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.
# 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 crores, during the last 3 years.
# Should have significant global presence/international operations.
Criteria for grant of Navratna status:
The Miniratna Category – I and Schedule ‘A’ CPSEs, 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,
1.net profit to net worth.
2.manpower cost to total cost of production/services.
3.profit before depreciation, interest and taxes to capital employed.
4.profit before interest and taxes to turnover.
5.earning per share.
6.inter-sectoral performance.
Criteria for grant of Miniratna status:
The CPSEs which have made profits in the last three years continuously and have positive net worth are eligible to be considered for grant of Miniratna status.
Source: INDIAN EXPRESS
03 Dec, 25
On 1st November, eight Indian states—Andhra Pradesh, Chhattisgarh, Haryana, Karnataka, Kerala, Madhya Pradesh, Punjab, and Tamil Nadu—along with five Union Territories—Andaman and Nicobar Islands, Chandigarh, Delhi, Lakshadweep, and Puducherry—celebrate their Formation Day. This date marks an important milestone in India
02 Dec, 25
The Turtle Wildlife Sanctuary, also known as the Kachhua Sanctuary, is located in the Varanasi district of Uttar Pradesh. It is recognised as India’s first freshwater turtle wildlife sanctuary, established to conserve endangered turtle species and support the ecological health of the Ganga River. Location and Extent The sanctuary co
02 Dec, 25
The Ministry of Education plans to introduce Artificial Intelligence (AI) and Computational Thinking (CT) from Class 3 onwards in the 2026–27 academic year. This initiative is part of the National Curriculum Framework for School Education (NCF-SE) 2023 and aligns with the National Education Policy (NEP) 2020. The aim is to prepare student
02 Dec, 25
Scientists from the Environment Department of Himachal Pradesh University (HPU) in Shimla have recently revealed that the Sal tree (Shorea robusta) is the most effective natural air purifier for combating rising pollution levels. Their findings highlight the tree’s superior capacity to trap dust, absorb gases, and cleanse the air compared
02 Dec, 25
The President of the United States has ordered the resumption of nuclear weapon testing after a gap of 33 years, the last test being in 1992. This decision marks a significant shift in global nuclear policy and has far-reaching implications for geopolitics, the environment, and international security. Status of Global Nuclear Weapon Testing
03 Dec,2025
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