Finance Ministry Approves Navratna Status to Rail Vikas Nigam Limited

Finance Ministry Approves Navratna Status to Rail Vikas Nigam Limited

Daily Current Affairs   /   Finance Ministry Approves Navratna Status to Rail Vikas Nigam Limited

Change Language English Hindi

Category : National Published on: April 29 2023

Share on facebook
  • Finance Ministry gave its approval to upgrade Rail Vikas Nigam Limited (RVNL) to Navratna Central Public Sector Enterprise (CPSE). 
  • RVNL, a public sector undertaking under the Ministry of Railways, will be the 13th Navratna amongst CPSEs.
  • RVNL is currently categorised as a Miniratna Central Public Sector Enterprise. 
  • Incorporated in 2003, RVNL is engaged in the planning, development, and implementation of railway infrastructure projects.
  • Earlier this month, RVNL emerged as the lowest bidder for a Mumbai Metropolitan Region Development Authority (MMRDA) project worth Rs 378 crore.
  • Navratna Companies are a group of firms that are considered CPSE (Central Public Sector Enterprises) units. Such businesses are given an allowance to invest up to Rs 1,000 crore without official permission from the central government.
  • According to the Indian government, CPSEs are categorized under 3 groupings such as Navratna, Miniratna and Maharatna Companies.
Recent Post's
  • Lt. Gen. Pushpendra Singh to take over as Vice Chief of Army Staff on Friday.

    Read More....
  • Shubman Gill becomes highest run-scorer as Indian Test captain in a single series with 743 runs.

    Read More....
  • From August 1, PSBs allowed to transfer unclaimed assets to IEPF under amended Banking Laws.

    Read More....
  • Cabinet approves four multi-tracking railway projects worth ₹11,169 crore across six states.

    Read More....
  • DPIIT signs MoU with Roche India to support healthcare startups in critical therapeutic areas.

    Read More....
  • Eminent economist and author Lord Meghnad Desai passes away at age 85.

    Read More....
  • ISRO scientist A. Rajarajan appointed Director of Vikram Sarabhai Space Centre from August 1.

    Read More....
  • Khalid Jamil becomes first Indian in 13 years to be appointed head coach of Indian men's football team.

    Read More....
  • Indian Navy receives third Project 17A stealth frigate ‘Himgiri’ from GRSE, Kolkata.

    Read More....
  • World Breastfeeding Week 2025 to be observed from August 1 to 7 with focus on healthcare system support.

    Read More....