Source: LM Context: The Central Government has granted Navratna status to IRCTC and IRFC, making them the 25th and 26th Navratna CPSEs in India. About Navratna Status: What is Navratna Status? Navratna is a prestigious classification for Central Public Sector Enterprises (CPSEs) demonstrating exceptional financial and operational performance. It grants greater investment autonomy and decision-making …
Facts for Prelims (FFP) Source: BS Context: Recently, IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’ by the Department of Public Enterprises (Ministry of Finance) IREDA is under the administrative control of the Ministry of New and Renewable Energy. It was established …
Facts for Prelims (FFP) Source: PIB Context: Two Central Public Sector Enterprises (CPSEs) under the Ministry of Railways, Ircon International Limited (IRCON), and RITES Ltd, have been granted ‘Navratna’ status. RITES Ltd, in its 50th year of operation, is a prominent transport infrastructure consultancy and engineering firm in India, offering services in various …
