Dead' PSUs have returned in new, profitable avatars

'Dead' PSUs have returned in new, profitable avatars: PM Modi attributes comeback to 'nation-first' policy Prime Minister Narendra Modi emphasised on the PSU turnaround to underscore his governance model. Speaking at the India Today Conclave, the PM said years back obits were written for PSUs such as HAL, but under his government, they have been nursed back to health. "Entities such as BSNL, Air India have returned in new avatars". Government-owned companies have historically traded at discounts to their private peers. However, in the last couple of years, they have closed the gap, he said. Their net worth has improved in the last 10 years of his government. "The people's trust in the PSUs has increased and so has their performance," the PM said, adding that their net profit was around Rs 1.25 lakh crore in 2014 and now it is past Rs 2.5 lakh crore. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuYnVzaW5lc3N0b2RheS5pbiUyRmxhdGVzdCUyRmVjb25vbXklMkZzdG9yeSUyRmRlYWQtcHN1cy1oYXZlLXJldHVybmVkLWluLW5ldy1wcm9maXRhYmxlLWF2YXRhcnMtcG0tbW9kaS1hdHRyaWJ1dGVzLWNvbWViYWNrLXRvLW5hdGlvbi1maXJzdC1wb2xpY3ktNDIxNzcwLTIwMjQtMDMtMTY=) Â If you do not wish to receive such emails go [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)