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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.
India is a federal constitutional republic governed under a parliamentary system consisting of 28 states and 8 union territories. [1] All states, as well as the union territories of Jammu and Kashmir, Puducherry and the National Capital Territory of Delhi, have elected legislatures and governments, both patterned on the Westminster model.
Government of Arunachal Pradesh (joint venture, Government of India sold its stake to the Government of Arunachal Pradesh) 13: Madhya Pradesh Ashok Hotel Corporation: 2017: Government of Madhya Pradesh (transferred ownership to the Government of Madhya Pradesh) 14: Hotel Janpath: 2018: Bloom Hotel Group: 15: Bharatpur Ashok Hotel Corporation: 2017
In 1969, Indira Gandhi's government nationalised fourteen of India's largest private banks, and an additional six in 1980. This government-led industrial policy, with corresponding restrictions on private enterprise, was the dominant pattern of Indian economic development until the 1991 Indian economic crisis . [14]
Nirmala Sitharaman stated that there is a need for a coherent policy where all sectors are open to private sector participation while PSU's play an important role in defined areas. Since financial year 1991-92 to 2017-18 the Government of India sold public assets totalling ₹3,47,439 Crore.
The Punjab Public Service Commission ( PPSC ), [1] formerly known as the Joint Public Service Commission, is a government agency and topmost constitutional body of the Government of Punjab, India. It is responsible for conducting civil services and competitive examinations to various civil services and departmental posts in the jurisdiction of ...
Financial services. SHUAA Capital psc (DFM: SHUAA) is an asset management and investment banking platform. The asset management segment manages real estate funds and projects, investment portfolios and funds in the regional equities, fixed income, and credit markets; it also provides investments, with a focus on alternative investment strategies.
In a notable incident in Kochi, there was an alarming misuse of government vehicles and police personnel during the marriage ceremony of an IPS officer. This incident raised concerns as several government-owned vehicles, belonging to the Kerala police, were utilized as a shuttle service for the wedding festivities.