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:
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.
Status | Number Of PSUs |
---|---|
Maharatna | 10 |
Navratna | 14 |
Miniratna Catagory- | | 62 |
Miniratna Catagory- || | 12 |