SBI and LIC should be recognised as Maharatnas - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Finance Ministry has approved the upgradation of Oil India Ltd to the category of Maharatna , a move which will impart enhanced powers to the OIL board while taking financial decisions. Post the upgrade, the state-run oil major has become India s 13th Maharatna Central Public Sector Enterprises (CPSE).
The state-owned Power Finance Corporation Ltd (PFC) was on Tuesday accorded the prestigious Maharatna status, giving it greater operational and financial autonomy.An order to this effect was issued by the Department of Public Enterprises, .