I assume this was known to folks following REC. Does it portend poorer efficiency?
Could you pls explain how this is indicative of poorer efficiencies in the future? I was under the impression that being granted ‘Maharatna’ status is a good thing as the pre-requisite to get there is to be a high performing Navaratna for 3 or more years.
Typically, when you get maharatna status, it’s similar to “too big to fail” equivalent. You intra gov to gov file approvals and access to PSU bank funds etc is a bit easier. Along with the expectation that you’d pay higher dividend back to the GoI.
It’s all supposed to be positive.