May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 35: The Public Sector in India | 451 |
by giving 60 per cent weightiness to fi nancial performance. Two,
assigning 75 per cent weightiness to MOU performance in the
annual confi dential reports of the PSU chiefs.
4
“Navaratnas” Among PSUs
In 1997–98, the Finance Minister in his budget speech referred
to nine well-performing PSEs as Navaratnas —Indian Oil Corpo-
ration (IOC), Oil and Natural Gas Corporation (ONGC), Hindu-
stan Petroleum Corporation Limited (HPCL), Bharat Petroleum
Corporation Limited (BPCL), Indian Petrochemicals Corporation
Limited (IPCL), Videsh Sanchar Nigam Limited (VSNL), Bharat
Heavy Electricals Ltd. (BHEL), Steel Authority of India (SAIL)
and National Thermal Power Corporation (NTPC)— which were to
be granted ...
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