What is public sector units ?
Answers
Answer:
Public sector undertakings in India
A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. Those companies that 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. PSUs strictly may be classified as central public sector enterprises (CPSUs, CPSEs) or state level public enterprises (SLPEs). In 1951 there were just five enterprises in the public sector in India, but in March 2019 this had increased to 348. These enterprises represents total investment of 16,40, 628 cr as on 31st March, 2019. Total paid up capital as on 31 March, 2019 stands at 2,75,697. CPSE's have earned revenue of 25,43,370 during financial year 2018-19. They are administered by the Ministry of Heavy Industries and Public Enterprises.
Answer:
The Public Sector units is usually comprised of organizations that are owned and operated by the government and exist to provide services for its citizens.