Public Sector Undertaking (PSU)

24 Feb 2021

Government has 'no business' doing business: Modi on PSU privatization

Prime Minister Narendra Modi on Wednesday said that the government has "no business" being in business as he pushed for privatization of Public Sector Undertakings (PSUs).

01 Dec 2018

BJP condemns protests against decision to convert J&K-Bank into PSU

The BJP yesterday condemned the propaganda launched by some Kashmir-based political and other socio-economic organizations against the State Administrative Council's (SAC) decision to convert the J&K Bank into a PSU.

29 Jul 2018

CAG criticizes the functioning of state PSUs in Bihar

Only 18 of 74 state PSUs in Bihar have finalized their accounts in the last three years and 65 of them have arrears in accounts from 1977-78 onwards, stated CAG report of FY2017-18.

27 Jul 2018

State-run banks mull performance-linked pay for employees at the top

In a rare move, state-run banks State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are mulling a performance-linked salary structure for employees at the top.

18 Jun 2018

After Air India fiasco, Modi-govt now plans Coal India sale

After its unsuccessful bid to sell a 76% stake in cash-strapped flag carrier Air India, Prime Minister Narendra Modi-led government is now reportedly planning to offload a stake in state-run mining giant Coal India, the world's largest miner of fuel.

30 Oct 2017

Indian government owns land nine times the size of Delhi

How much land do you think the Indian government owns?

24 Aug 2017

PSB Consolidation: Cabinet gives nod to merge state-owned banks

Taking another step towards consolidation of public sector banks (PSBs), the Union Cabinet approved an "Alternative Mechanism" for constituting an inter-ministerial panel for overseeing the mergers of 21 state-run banks.

14 Aug 2017

PSUs marching towards disinvestment, a pleasant sight for Indian economy

Public sector undertaking (PSUs) is a sensitive topic. There are two aspects of it - one from the perspective of why it was created in the first place and the other from what it has turned out to be.

04 Aug 2017

Disinvestment: 25% equity stakes in 4 defense firms via IPOs

19 Apr 2017

Government aims to raise Rs.72,500cr from disinvestment plan for 2017-18

The government kick-started the process of selling minority stake in seven PSUs, including blue-chips like Indian Oil Corporation and Steel Authority of India.