Supreme Court Affirms Public Sector Undertakings as Good Public Material Resource
The Supreme Court has affirmed that Public Sector Undertakings (PSUs) are a "good public material resource" and their assets should be utilized for public good. The court emphasized that the government, as the owner, has the right to decide on the utilization of PSU assets, including their sale or transfer, provided it serves public interest. This ruling clarifies the government's prerogative over PSUs while underscoring their role as public assets. It has implications for disinvestment policies and the management of state-owned enterprises.
Key Points
- Supreme Court affirmed PSUs as "good public material resource."
- Government has the right to decide on PSU asset utilization for public good.
- The ruling clarifies government's prerogative over PSUs as public assets.
- It has implications for disinvestment policies and state-owned enterprise management.
Exam Facts
- Supreme Court made the affirmation.
- PSUs (Public Sector Undertakings) are considered "good public material resource."
- The ruling relates to government's right over PSU assets.
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