Finance Minister Nirmala Sitharaman on Wednesday said public sector undertakings had suffered losses during the Congress-led United Progressive Alliance (UPA) government. He said previously neglected enterprises like Hindustan Aeronautics Limited (HAL) witnessed a “resurgence” during the Prime Minister Narendra Modi-led government. Refuting the allegations made by the Congress party and its leader Rahul Gandhi that public sector companies are facing problems, Sitharaman said that this is like “rebuking a police officer in reverse”.
PSUs are flourishing
Public Sector Undertakings (PSUs) are flourishing, and have been infused with a professional culture along with increased operational freedom, the minister wrote on social media platform ‘X’. He said public sector undertakings suffered losses during the Congress-led UPA government. Public sector undertakings like Hindustan Aeronautics Limited, which were earlier neglected during the UPA government, came back to life during the Modi government.
Situation like ‘On the contrary, a thief scolds the policeman’
Sitharaman said the Congress and especially Rahul Gandhi have said that PSUs are being dismantled and that they are upset under the present government, but in reality it is like “rebuking a police constable in reverse” because the facts say otherwise. Are. Accusing Gandhi of making a “malicious” attack on HAL, the Finance Minister said that contrary to his claims, the market valuation of HAL has increased by 1,370 per cent in four years, from Rs 17,398 crore in 2020 to Rs 7,000 crore by May 7, 2024. Was Rs 2.5 lakh crore. HAL has announced to register a revenue of over Rs 29,810 crore for the financial year 2023-24 as on March 31, 2024. This is its highest revenue till date. It also has a strong order book of over Rs 94,000 crore.
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