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difference between psu and gov co

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Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2011 sir,

please tell me what is the difference between government co. and psu...???

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

20 February 2011 company owned, managed and controlled by the central, state or local government are termed as public sector enterprises or public enterprises. These are known as public sector undertakings.
thses are owned and managed by the government with a view to maximise social welfare and uphold the public interest.
Public enterprises consist of nationalised private sector enterprises, such as, banks, Life Insurance Corporation of India and the new enterprises set up by the government such as Gas Authority of India (GAIL), State Trading Corporation (STC), SAIL etc.

In PSU Govt share may not be 100 % but Government companies Govt Share will be 100%

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