What is psu? Write at least 30 words
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The government-owned corporations are termed as Public Sector Undertakings (PSUs) in India. In a PSU majority (51% or more) of the paid up share capital is held by central government or by any state government or partly by the central governments and partly by one or more state governments
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Answer: A state-owned enterprise in India is called a public sector undertaking or a public sector enterprise. These companies are owned by the union government of India or one of the many state or territorial governments or both. The company stock needs to be majority-owned by the government to be a PSU
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