The Union Finance Ministry is considering a revision to the entry regulations governing the Maharatna, Navratna, and Miniratna statuses for central public sector enterprises (CPSES), according to two senior government officials familiar with the matter. The aim is to ease the entry of more stateowned companies into these categories.
"We're working on it," said one official. "This is likely to be part of the first 100 days' agenda of the next government. The relaxation of the norms may make more CPSES eligible to join the Ratna categories."
A query sent to the finance ministry in this connection remained unanswered at the time of going to press.
The second official noted that the Ratna status allows CPSES to conduct business without hassle. "They don't have to seek the government's permission for every business decision,” the official added.
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