Miniratna is the status to CPSEs in India given by the government to enhance the financial autonomy of the companies.

Category-I Miniratna firms have the power to incur capital expenditure on new projects, modernisation, purchase of equipment without government approval up to Rs 500 while in the category-II companies have financial autonomy to spend up to Rs 250 crore

Crore

A crore is a unit in the Indian number system equal to ten million , or 100 lakhs. It is widely used in India, Bangladesh, Nepal, and Pakistan....

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