The correct answer is (c). Rural Electrification Corporation (REC) has not been accorded status of âNavaratuaâ.
Navaratnas are a group of 17 public sector undertakings (PSUs) in India that have been identified as being of strategic importance to the country. They are considered to be among the best-performing PSUs and are given special treatment by the government.
REC is a government-owned corporation that was established in 1969. It is responsible for financing, planning, and implementing rural electrification projects in India. REC has played a major role in the country’s rural electrification program, and has helped to bring electricity to millions of people who previously did not have access to it.
However, REC has not been accorded status of âNavaratuaâ. This is likely because REC is not considered to be a strategic sector of the economy. The government has decided to focus its resources on developing other sectors, such as information technology and manufacturing.
Despite not being a Navaratna, REC is still a very important PSU. It plays a vital role in the country’s rural electrification program, and has helped to improve the lives of millions of people.