PSU Funds

Northern Arc Capital is aggressively scaling its direct-to-customer franchise to target a 70-75% portfolio share and plans strategic entries into affordable housing and wealth management.

India's national auditor is shifting to real-time audits for public spending, allowing early detection of issues during project execution. The new approach aims to improve accountability and prevent financial losses, moving away from delayed, retrospective scrutiny.

State-run enterprises, once victims of dogma, have proven good for the government’s fiscal health. Granting them greater space for capex could aid the greening of Indian industry now.

While government persuasion may not attract investors to PSUs, compelling valuations and strong growth prospects amidst global uncertainties might do the trick.

Sluggish disinvestment signals a shift in the Centre’s position on state ownership of businesses. We need clarity on the future of public sector enterprises. Doesn’t their privatization favour India’s economy?