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Tag: PSUs

Politics

‘225% growth in market cap’: Nirmala Sitharaman hits out at Rahul Gandhi, Congress with 10 point counter on PSU performance – Times of India

Finance Minister Nirmala Sitharaman, has hit out at the opposition’s claims of Public Sector Undertakings (PSUs) being in disarray under Narendra Modi government, by listing 10 points on the performance of these entities.In a post on X (formerly Twitter), Sitharaman has said that the collective market capitalization of the 81 publicly traded PSUs has experienced a remarkable 225% growth under the Modi government.Additionally, the Nifty CPSE index has delivered an impressive 79% return, significantly outperforming both the Nifty 500 and Nifty 50 indices.Sitharaman's post was a response to allegations made by the Indian National Congress (INC) and its leader Rahul Gandhi, who claimed that PSUs were being dismantled and were in disarray under the Modi government. The Finance Minister refer...