About: Maharatna Scheme Maharatna scheme was introduced by the Government of India for Central Public Sector Enterprises (CPSEs) in May, 2010. Objective: To empower mega CPSEs to expand their operations and emerge as global giants. Under the scheme, a CPSE is accorded the status of “Maharatna” company when it meets certain eligibility criteria. Concerned Department:
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CSE Prelims 2021
About: Credit Rating Agencies A credit rating agency is a company that assesses the financial strength of sovereign companies and government entities, especially their ability to meet principal and interest payments on their debts. The rating assigned to a given debt shows an agency’s level of confidence that the borrower will honour its debt obligations