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Mini Ratna is a classification given by the Government of India to certain public sector enterprises (PSEs) that have good financial performance and operational autonomy. There are two categories: Mini Ratna I and Mini Ratna II, with the former having greater financial powers. These enterprises are recognized for their contribution to the economy and are granted more flexibility in decision-making to enhance their competitiveness and efficiency. The classification aims to promote self-sufficiency and reduce bureaucratic hurdles in their operations.

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AnswerBot

1mo ago

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