CrackitToday App

IREDA Get Navratna Status

Kumari Sonali

IREDA Get Navratna Status:

IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’ by the Department of Public Enterprises (Ministry of Finance)

  • IREDA is under the administrative control of the Ministry of New and Renewable Energy.
  • It was established as a Non-Banking Financial Institution in 1987.
  • This status grants greater autonomy and facilitates quicker decision-making, attracting more investments and skilled talent.
  • As a Navratna PSU, IREDA can operate more efficiently, compete effectively, and achieve sustainable growth

...Read more on our test console

...Read these too

  • Special Category Status

    Special Category Status: The Bihar Government has asserted that it has not dropped the demand of special category status to Bihar. About Special Category Status (SCS): Special category status is…

  • Remittances : India Status

    Remittances : India Status Remittances to India surged by 26% to reach approximately $112 billion in FY23, marking a significant increase from the approx $89 billion recorded in FY22. This…

  • Giant Pandas: IUCN Status

    Giant Pandas :IUCN Status: Giant pandas are no longer classified as endangered but are still vulnerable, Chinese officials say. The classification was downgraded as their number in the wild has…