• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Aug. 5 The Government has conferred Navratna status on Shipping Corporation of India, making it the 17th member of the elite Navratna club.

“The Navratna status would enable Shipping Corporation of India to utilise the enhanced autonomy and powers delegated to its board and thereby improve its performance further,” an official release said here.

The Government had initiated the Navratna scheme in 1997 to identify and support select Central Public Sector Enterprises (CPSE), which could emerge as significant players in the economic development of the country as global giants. The boards of Navratna CPSEs have been delegated substantial powers in the areas relating to capital expenditure, formation of joint ventures & subsidiaries, and human resources development, amongst others.

More Stories on : Shipping/Ports | PSU | Shipping Corporation of India Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line