​Which of the following is NOT a Navratna company?​

Correct option is C

​The correct answer is (c) Airports Authority of India.

The Airports Authority of India (AAI) is not a Navratna company; it is a Miniratna Category-I Public Sector Undertaking (PSU). The Navratna status is granted to specific PSUs with strong financial performance and significant operational autonomy, which AAI does not hold under this classification.

​Navratna Companies

• Definition: Navratna is a status given to high-performing PSUs by the Government of India, providing them operational and financial autonomy.
• Criteria: Includes a strong financial record, profitability, and a composite score of 60 out of 100 in performance parameters like net profit and turnover.
• Examples: Bharat Electronics Limited, Engineers India Limited, Oil India Limited.
• Autonomy: Can invest up to ₹1,000 crores without government approval.

Related Topics:

1. Miniratna Companies

Two Categories:

• Category-I: Profits of ₹30 crores or more annually for three years (e.g., Airports Authority of India).
• Category-II: Positive net worth with consistent profits for three years.

• Autonomy: Limited decision-making capabilities compared to Navratna.

2. Maharatna Companies

• Highest PSU status, given to globally competitive companies like Indian Oil and NTPC.
• Criteria: Average turnover of ₹25,000 crores and net worth of ₹15,000 crores over three years.
• Autonomy: Can invest up to ₹5,000 crores without government approval.

3. Importance of PSU Classification

• Promotes efficient management based on performance.
• Enhances competitiveness and contributes significantly to India’s economy.
• Enables strategic investments in critical sectors.

Information Booster

• Strategic Role: These classifications help in improving the performance of public enterprises in energy, infrastructure, and defense.
• Autonomy Levels:
  • Maharatna > Navratna > Miniratna.
  • Higher autonomy allows for quicker decisions and global competitiveness.
• Economic Impact: PSUs classified as Maharatna and Navratna play a key role in contributing to GDP and job creation.

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