In addition, the government will put in place a revised mechanism to ensure time-bound listing of central public sector enterprises (CPSEs) on stock exchanges. The National Democratic Alliance (NDA) government also articulated its intent to streamline operations across public sector units by announcing the creation of an energy behemoth by merging various public sector firms in the oil and gas sector. India has 298 central public sector CPSEs of which 235 are operational. “Listing of public sector enterprises will foster greater public accountability and unlock the true value of these companies. As part of the strategy, Indian Railways will also list its subsidiaries—Indian Railway Catering and Tourism Corp., Indian Railway Finance Corp. and Ircon International Ltd.

Source: Mint February 01, 2017 20:26 UTC