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June 16th, 2014, 04:52 PM
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Difference between Public Sector Enterprise & Public Sector Undertaking

What is the difference between Public Sector Enterprise & Public Sector Undertaking????

Public Sector Enterprises is a part of Public sector Undertakings. The government-owned corporations are termed as Public Sector Undertakings (PSUs) in India.

Classification of Public Sector Undertakings

Public Sector Undertakings (PSUs) can be classified as --
Public Sector Enterprises (PSEs),
Central Public Sector Enterprises (CPSEs) and
Public Sector Banks (PSBs).

Central Public Sector Enterprises (CPSEs) are also classified into 'strategic' and 'non-strategic'.

Areas of strategic CPSEs are---

Arms & Ammunition and the allied items of defence equipments, defence air-crafts and warships
Atomic Energy
Railways transport.

All other CPSEs are considered as non-strategic.

Public Sector Enterprise --

-Business units owned, managed and controlled by the central, state or local government are termed as public sector enterprises or public enterprises.
-A pubic sector enterprise may be defined as any commercial or industrial undertaking owned and managed by the government with a view to maximise social welfare and uphold the public interest.

Last edited by Neelurk; April 20th, 2020 at 11:35 AM.
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