m= @ iRcTe A BHARATSANGHAR 77 MIGAM LIMITED Gach NUMALIGARH REFINERY NRL AS) consideration for the setting up of PSUs was to accelerate the growth of core sectors of the economy; to serve the equipment needs_—of strategically important sectors, and to generate employment and income. A large number of "sick units" were taken over from the private sector. Additionally, Indira Gandhi's government nationalised fourteen of India's largest private banks in 1969, Negbitaieadiditiveal six in 1980. The major A. state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. Those 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. PSUs strictly may be classified as central public sector enterprises (CPSUs, CPSEs) or state level public enterprises (SLPEs). social = <= boliesgovernment sg Public Sect ‘tno, ogy aoePee Cee OPC Rigen oR sc goad BOT CPC P aCe Cee CCC ne Cats Cen M sco tet baer Cnet bate Ce Conc MTCC te og SUC e Rs eho CCC Moat Ca COR tc A BY COCs Eien se ce us Dacor ore nes sce Rr Ce ta ce) hold the major part of the undertaking’s subscribed capital, b) control the PO Tea eee co Ck Cero COs aLChEC ac Roco nana SCO a TO Ca CRC a CRO co cas PUmrirercieCecisar Rosas ccios etd UNITE INDIA INSURANCE Bag | NUMALIGARH REFINERY Paster HinaiearCcnncsaisaenoey PSS mires st at inn Unitertasn