Public Sector Undertakings Act

The Public Sector Undertakings (PSUs) Act refers to regulations governing government-owned corporations in various countries, including India. These entities are created to undertake commercial activities on behalf of the government, aiming to provide public services, generate employment, and contribute to economic development. The Act outlines their creation, management, and operational guidelines, ensuring transparency, accountability, and efficiency. PSUs play a vital role in critical sectors such as energy, transportation, and telecommunications, driving national growth and providing essential services while balancing the government's objectives of economic development and social welfare.