What are the Navaratna Companies of India?
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During 1997, the Government of India gave the status of Navaratna to nine public sector enterprises (PSEs), thus giving them a greater autonomy to compete in the market by assisting them in their path to become global tycoons. Currently, in India, there are 17 companies with the title of Navaratna – HAL, BHEL, MTNL, NTPC, Oil India, etc. This scheme was introduced by the government to identify the central public sector enterprises (CPSEs) that had a few merits.