Defence Minister approves Miniratna-I status for Yantra India Limited
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims + Mains·
Why in news
Defence Minister Rajnath Singh approved Miniratna Category-I status for Yantra India Limited (YIL) to enhance its operational autonomy and investment capabilities.
Background
Yantra India Limited (YIL) is a defence public sector undertaking (DPSU) that transitioned to a profitable entity within four years. The Miniratna-I status allows the company's Board to incur capital expenditure up to ₹500 crore without prior government approval.
Facts for Prelims
- BodyYantra India Limited (YIL) is a defence public sector undertaking (DPSU)
- FactMiniratna Category-I status allows capital expenditure up to ₹500 crore without prior government approval
- PostRajnath Singh is the current Defence Minister of India
For Mains
Q. Discuss how granting Miniratna status to Defence Public Sector Undertakings (DPSUs) contributes to the objectives of 'Atmanirbhar Bharat' and industrial indigenization.
Dimensions to cover in your answer
- Operational autonomy: Reducing bureaucratic hurdles for capital expenditure and modernization projects
- Fiscal accountability: Balancing financial freedom with the need for oversight in strategic defence procurement
- Indigenization push: Accelerating domestic manufacturing capabilities through autonomous investment in R&D
Keywords: Miniratna status · Public Sector Undertaking · Indigenization · Capital Expenditure · Operational Autonomy · Atmanirbhar Bharat
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