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PSU Inc. Ministry Headquarters Sector Group Ratna status; 1 Agriculture Insurance Company of India: 2002 Ministry of Finance: New Delhi: Services Insurance Services 2 AI Engineering Services: 2006 Ministry of Civil Aviation: New Delhi: Services Aircraft Maintenance 3 Airline Allied Services Limited: 1996 Ministry of Civil Aviation: New Delhi ...
Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments.These type of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government.
Nirmala Sitharaman stated that there is a need for a coherent policy where all sectors are open to private sector participation while PSU's play an important role in defined areas. [ 11 ] Since financial year 1991-92 to 2017-18 the Government of India sold public assets totalling ₹3,47,439 Crore.
North Bihar Power Distribution Company Limited is a public sector undertaking (PSU) controlled by the Government of Bihar. It was formed on 1 November 2012 under section 14 of the Electricity Act of 2003, and is the successor to the erstwhile Bihar State Electricity Board.
In 2002, it was reported that Kerala government have chosen to either restructure or close the loss-making enterprises and has no plan for privatisation. [5] As per CAG report for 2008-2009, Kerala PSUs lack accountability, and needs improvement for imbibing professionalism and efficiency.
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The share of the bank sector held by the public banks continued to grow through the 1980s, and by 1991 public sector banks accounted for 90% of the banking sector. A year later, in March, 1992, the combined total of branches held by public sector banks was 60,646 across India, and deposits accounted for ₹1,10,000 crore.
[19] [20] Devas shares were sold at a premium of ₹ 1,226,000 (US$15,000), taking the accumulated share premium to ₹ 5.78 billion (US$69 million), thus getting a high profit. In July 2008, Devas offloaded 17% of its stake to German company Deutsche Telekom for US$75 million, and by 2010 had 17 investors, including former ISRO scientists.