Power Finance Corporation gets ‘Maharatna’ Status
On 12th October, 2021, the Centre accorded the prestigious ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC).
- Now, the PFC has become the 11th public sector enterprise to get the ‘Maharatna’ status in the country.
- Incorporated in 1986, PFC is the largest infrastructure finance company dedicated to the power sector under the administrative control of the Ministry of Power.
Impact
- Effective Monitoring and Implementation of Schemes: It will impart enhanced powers to the PFC Board while taking financial decisions. The enhanced powers that come with Maharatna Status will also help PFC in pushing the Government’s agenda of funding under the ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 India’s Renewable Energy Capacity Crosses 200-GW Mark
- 2 New Guidelines to Boost India’s Seaweed Industry
- 3 India’s Hunt for Critical Minerals
- 4 Scheme Guidelines for ‘Innovative Projects’ under PM-Surya Ghar Yojana
- 5 Impact of DFCs on Indian Economy
- 6 IAPH Recognises Mormugao Port as an Incentive Provider
- 7 SEBI Proposes New Rules for Securitisation Activities
- 8 ANNA DARPAN: Modernizing Supply Chain Management System
- 9 21st Livestock Census Launched
- 10 National Mission on Edible Oils – Oilseeds
