more-inConcerted course correction efforts of the government for reviving the State’s industrial sector seem to have started earning dividends. According to the latest report of the Public Sector Restructuring and Internal Audit Board, the PSUs have earned a turnover of ₹1,928.24 crore and 11 units show profit of ₹216.43 crore. For instance, the board has expressed its concern over the performance of the steel production company SAIL-SCL Kerala Limited. “The board and the government have been able to instil professionalism in the management of the PSUs to a great extent. The result posted by units that were written off earlier is sufficient proof that minor course corrections could help to catalyse the growth and development of the public sector,” said Mr. Nair.

Source: The Hindu February 25, 2018 12:53 UTC