The Tamil Nadu government has chosen Ernst & Young, a multinational consultancy firm, as a consultant for the financial and operational analysis of 50 selected Public Sector Undertakings in the State. The objective is the financial and operational analysis of past and current performances, through annual/quarterly reports, current board notes, medium-term vision statements and the performance trends of the PSUs …
The Narendra Modi government’s decision to bring the Department of Public Enterprises under the Finance Ministry from the Ministry of Heavy Industries & Public Enterprises is indicative of the desire to expedite and facilitate privatization. If the government succeeds in selling public sector undertakings, also called public enterprises and public sector enterprises, it will be a big boost to the …
Amid the buzz of an imminent reshuffle in the Union Cabinet, the Finance Ministry has been expanded with the addition of the Department of Public Enterprises, the nodal entity for policy formulation for all central public sector units, informed the gazette notification issued by Union Cabinet Secretariat on Tuesday. In May 1990, BPE was made a full-fledged Department known as …
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