Daily Current Affairs : 22-March-2024

Grid Controller of India Limited, commonly referred to as GRID-INDIA, is a critical player within the Indian power sector. Established in 2009, it has been recognized as a Miniratna Category-I Central Public Sector Enterprise (CPSE) by the Ministry of Power, Government of India. This recognition highlights its significant contributions and achievements in managing the nation’s energy system.

Role of GRID-India

GRID-INDIA plays an important role within the Indian electricity landscape. Its primary duties encompass:

  • Overseeing Power Operations: It ensures that the power system operates smoothly across different regions.
  • Efficient Power Transfer: GRID-INDIA facilitates the transfer of electricity within and between states, ensuring that power is available where it is needed most.
  • Transnational Power Exchanges: The organization also supports power exchanges with neighboring countries, promoting regional cooperation and energy security.

PSU Classification

The classification of Public Sector Undertakings (PSUs) in India helps identify their level of performance and autonomy. Here’s a breakdown of the different categories:

1. Maharatna
  • Description: The highest category for PSUs.
  • Features: Reserved for the largest and most profitable enterprises with substantial autonomy in operations and finances.
2. Navratna
  • Description: A prestigious category for top-performing PSUs.
  • Features: Recognized for financial success, operational efficiency, and competitiveness on a global scale.
3. Miniratna Category-I
  • Description: This category includes PSUs that excel in performance.
  • Features: These organizations enjoy significant operational and financial autonomy, like GRID-INDIA.
4. Miniratna Category-II
  • Description: This includes PSUs with satisfactory performance.
  • Features: While they perform well, they may not have achieved the same level of excellence as those in Category-I.

Important Points:

Establishment: GRID-India was established in 2009.Recognition: It is classified as a Miniratna Category-I Central Public Sector Enterprise (CPSE) by the Ministry of Power, Government of India.Primary Roles:

  • Oversees the operation of the Indian power system.
  • Ensures efficient power transfer within and between states.
  • Facilitates transnational power exchanges with neighboring countries.

PSU Classification:

  • Maharatna: The highest category for the largest and most profitable PSUs with substantial autonomy.
  • Navratna: Top-performing PSUs recognized for financial and operational success.
  • Miniratna Category-I: PSUs that excel in performance and enjoy significant autonomy.
  • Miniratna Category-II: PSUs with satisfactory performance, but less exceptional than Category-I.

Impact: GRID-India supports national energy needs and promotes regional cooperation, enhancing overall energy security in India.

Why In News

Grid Controller of India Limited (GRID-INDIA) has been recognized as a Miniratna Category-I Central Public Sector Enterprise (CPSE) by the Ministry of Power, Government of India, reflecting its vital role in enhancing the efficiency and reliability of the Indian power sector.

MCQs about GRID-India

  1. What year was GRID-India established?
    A. 2005
    B. 2009
    C. 2012
    D. 2015
    Correct Answer: B. 2009
    Explanation: GRID-India was established in 2009 and has since played a significant role in the Indian power sector.
  2. What category does GRID-India fall under as a Central Public Sector Enterprise?
    A. Maharatna
    B. Navratna
    C. Miniratna Category-I
    D. Miniratna Category-II
    Correct Answer: C. Miniratna Category-I
    Explanation: GRID-India has been recognized as a Miniratna Category-I Central Public Sector Enterprise, highlighting its strong performance and operational autonomy.
  3. Which of the following is NOT a primary responsibility of GRID-India?
    A. Overseeing power operations
    B. Facilitating transnational power exchanges
    C. Manufacturing electrical equipment
    D. Ensuring efficient power transfer
    Correct Answer: C. Manufacturing electrical equipment
    Explanation: GRID-India’s primary responsibilities include overseeing power operations, facilitating transnational power exchanges, and ensuring efficient power transfer, but it does not manufacture electrical equipment.
  4. What is the significance of the Maharatna category in the PSU classification?
    A. It includes PSUs with satisfactory performance.
    B. It is reserved for the largest and most profitable PSUs with substantial autonomy.
    C. It recognizes PSUs for their operational efficiency only.
    D. It is a category for PSUs that have recently been established.
    Correct Answer: B. It is reserved for the largest and most profitable PSUs with substantial autonomy.
    Explanation: The Maharatna category is the highest classification for PSUs in India, reserved for those that are the largest and most profitable, granting them significant operational and financial autonomy.

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