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ADMISSION AND PSU JOBS

ADMISSION AND PSU JOBS

In India, government-owned organizations are called as Public Sector Undertakings (PSUs). The central government or any state government, or a combination of the central government and one or more state governments, owns a majority (51 percent or more) of the paid share capital of a PSU. Several Government of India-owned Public Sector Undertakings (PSUs) periodically provide excellent job opportunities in a variety of technical and management fields.

There are three types PSUs:

1.Maharatna :  Top public sector firms are granted Maharatna status, which allows them to make foreign investments of up to Rs 5,000 crores without obtaining government clearance. To be considered Maharatna, a corporation must have a net profit of above Rs. 5,000 crores each year, a net value of Rs. 15,000 crores, and a turnover of Rs. 25,000 crores over the previous three years.

2. Navratna : The designation of “Navratna” is given to a group of specialised public-sector firms. In most cases, corporations must obtain clearance from the federal government before investing large sums of money. Certain top corporations, on the other hand, have the authority to invest up to INR 1000 crores without seeking formal clearance from the government.

3. Miniratna : In 1997, India’s government introduced the “Miniratna” title for the first time. The government decided to give certain corporations that produce respectable profits more financial power under this system. The ‘Miniratnas’ are divided into two categories: Category I and Category II. Companies under Category-I Central Public Sector Enterprises (CPSE) have made a pre-tax profit of at least INR 30 crores in the last three years and have a positive net worth. Companies in Category II CPSEs have made large profits in the previous three years. These businesses, like those in the first group, must have a track record of positive net value. In each of these categories, there are almost 60 and 15 enterprises, respectively.

Number of PSUs in India
Status Number Of PSUs
Maharatna 10
Navratna 14
Miniratna Catagory- | 62
Miniratna Catagory- || 12

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