Management

Decision on 'Maharatna' CPSEs expected soon

The government is likely to take a decision soon on granting the "Maharatna" status to a few central public sector enterprises, which may include PSU heavyweights like ONGC, SAIL, BSNL, NTPC and CIL. The proposal to grant more autonomy to these firms has been sent by the Department of Public Enterprises for the Cabinet clearances, sources said. Besides financial autonomy, the "Navratna" CPSEs also enjoy other functional freedom in respect of recruitment, promotion, and service conditions employees.


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