BSNL WILL GET ‘MAHA-NAVRATNA’ STATUS

BSNL WILL GET'MAHANAVRATNA STATUSState own telecom Operator BSNL will get the desired ‘Mahanavaratna’ status by Department of Public Enterprises (DPE), Government of India. With the slot of Navratnas getting crowded, the government is considering to classify some of them as `Maha Navratna’ companies based on their performance.

The new classification of Maha-Navratna would give more financial powers and functional autonomy to PSU.

According to the criteria set by Department of Public Enterprises (DPE), BSNL the pubic sector enterprises (PSUs) telecom opeartor could meet the qualifying norm in turnover, profitability and net worth.

Mahanavaratna status would be given by Govt.of India  to PSUs who had clocked Rs 30,000 crore or more turnover in the past three years and earned more than Rs 5,000 crore profit after tax in three consecutive years.Also, the Mahanavaratna-eligible PSU should have an average networth of Rs 15,000 crore and global presence, according to the cabinet note circulated by DPE currently another state own telecom operator MTNL is “Navratana” telecom company from 1997.

The Navratna status for PSUs was introduced in 1997 to identify Central Public Sector Enterprises (CPSEs) that had comparative advantages and to support them in their drive to become global giants. The boards of Navratna CPSEs have been entrusted with powers in the areas of investment in joint ventures/subsidiaries, human resources management, mergers & acquisitions, approval of foreign tours of directors etc. Presently there are 18 such Navratna CPSEs in the country.

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  • j saibaba July 2, 2009 9:32 pm

    It deserves such status since long,and as the status is delayed it had lost great time and the investment/expansion which it would have completed by this time is very badly delayed against the interest of the nation.At least now it should not be delayed.All the executives have been eagerly waiting for the same.

  • pankaj July 2, 2009 6:53 pm

    maha navratan status???
    or bali ka bakra
    prepared for launching IPO

  • Deepak July 2, 2009 11:29 am

    BSNL deserve it from long time

  • biplab July 1, 2009 2:37 pm

    It sound good for the young recruited employed.but have to fulfil the aspect the people as transperent telecom service provider.

  • Pinki June 30, 2009 10:49 pm

    After few months it will be

    pay Rs 500 per month and get unlimited local calls to any network

    STD also be @ 25 paise per minute to any network

  • rahul June 30, 2009 10:39 pm

    BSNL can not become INDIAN OIL of moblile companies

    it have so many facilities but still not the best

  • Debopratim Roy June 30, 2009 9:33 pm

    Finally Finally BSNL has achieved what it needed most to get itself moving for much needed telecom expansion….This status would help in generating wealth that would be required for starting new projects undertaken under BSNL umbrella…”MahaNavratna BSNL”….soundz good! Gr8…we are so proud to be aasociated and entrusted by you…The pulse of Indian Telecom development

  • Biswas June 30, 2009 8:06 pm

    nice to see BSNL is MAHA-NAVRATNA ! congrats ! but need more upgrade in broadband sector !

  • shankar June 30, 2009 8:00 pm

    good story written