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S.No PSU Inc. Ministry Headquarters Sector Group Ratna status; 1 Agriculture Insurance Company of India: 2002 Ministry of Finance: New Delhi: Services Insurance 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.
Public Sector Undertakings (PSUs) are government owned establishments, which are established and owned by the Government of India or State governments of India.The public sector undertakings are established either by nationalisation or an executive order in case of union government and state government or act of parliament in case of union government and act of state legislature in case of ...
Tamil Nadu Government Organisations are the commercial and non-commercial establishments in the Indian state of Tamil Nadu by Government of Tamil Nadu.This includes the state-run PSUs, Statutory corporations and co-operative societies.
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.
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).
In the state of Kerala there are various establishments owned, managed and controlled by Government of India.These establishments in Kerala are largely government offices and departments, Public sector undertakings, jointly owned entities, entities in which Government of India has stakes or shareholding, defence and strategic establishments etc.
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.