Miniratna Companies: Category, List of Miniratna Companies In India, CPSE

By BYJU'S Exam Prep

Updated on: November 14th, 2023

Miniratna Companies in India are a special category of public sector enterprises that enjoy certain autonomy in their operations and decision-making. These companies are classified based on their financial performance and are granted greater flexibility and independence compared to other public sector units. The concept of Miniratna Companies was introduced by the Government of India with the aim of promoting efficiency, competitiveness, and innovation in the public sector. These companies play a significant role in various sectors such as energy, finance, telecommunications, infrastructure, and more.

Miniratna Companies in India are accounted to be the companies holding 30 crores or more pre-tax profit minimum in one year out of three consecutive years. The companies must be in possession of a positive net worth. The Miniratna Companies in India have been segmented and classified into Category I and Category II. The Government of India has laid forth the decision to facilitate profit-incurring companies with autonomy, hence they can gain financial autonomy. Candidates preparing for the UPSC exam should familiarize themselves with the characteristics, functions, and significance of Miniratna Companies in India.

Miniratna Company UPSC

Miniratna Companies are a category of public sector enterprises in India with certain financial and operational autonomy. Understanding the importance of Miniratna Companies is crucial for the UPSC exam as questions related to their functions, roles, and significance may be asked. Candidates are advised to thoroughly study the concept and characteristics of Miniratna Companies in India to excel in the exam and gain comprehensive knowledge of this topic.

Miniratna Company UPSC Questions

Practicing the provided questions can greatly assist candidates in effectively covering the UPSC syllabus. It is highly recommended that candidates make use of the question list below to enhance their level of preparation.

Question: Which of the following is a criterion for a company to be classified as a Miniratna company? (A) Annual turnover of Rs. 1,000 crore or more, (B) Profitability for three consecutive years (C) Listing on the stock exchange, (D) Majority ownership by the government

Answer: (B) Profitability for three consecutive years

Question: Which ministry is responsible for granting Miniratna status to public sector enterprises in India? (A) Ministry of Finance, (B) Ministry of Corporate Affairs, (C) Ministry of Heavy Industries and Public Enterprises, (D) Ministry of Commerce and Industry

Answer: (C) Ministry of Heavy Industries and Public Enterprises

Question for Mains: What are the criteria for a company to be classified as a Miniratna company? Discuss the significance of Miniratna status in the context of public sector enterprises in India.

Question for Mains: Analyze the role and performance of Miniratna companies in contributing to the economic growth and development of India. Examine the challenges faced by Miniratna companies and suggest measures to enhance their efficiency and competitiveness.

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