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PSU Inc. Ministry Headquarters Sector Group Ratna status; 1 ... Central Cottage Industries Corporation of India Limited 1976 Ministry of Textiles: New Delhi: Services
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.
The largest employers in India include companies, the military, railway and the government. To keep the list manageable in length, only those companies/employers which have at least 100,000 employees are included in the list.
The Government of India and individual state governments has its public service commissions. [2] The central government's Union Public Service Commission (UPSC) conducts examinations for recruitment to the All India Services (AIS) and the Central Civil Services (CCS) and to advise the President on disciplinary matters.
The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
Conceding to the demands of privatisation, the Government of India slowly began the privatisation of government establishments such as PSU's despite stiff resistance from labour unions. The below table provides data regarding the disinvestment process which began in 1991 (barring two small units being CMC Limited and Patherele Concrete).
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Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges.