The government-owned corporations are termed as Public Sector Undertakings (PSUs) in India. In a PSU majority (51% or more) of the paid up share capital is held by central government or by any state government or partly by the central governments and partly by one or more state governments.

The Comptroller and Auditor General of India (CAG) audits government companies. In respect of government companies, CAG has the power to appoint the Auditor and to direct the manner in which the Auditor shall audit the company's accounts.

The government has also implemented revised salaries for executives of PSEs/PSUs. Moreover, some innovative measures such as Performance Related Pay have been introduced to make them more efficient. These incentives for the employees have been linked to individual, group as well as company performance.

For further strengthening, the government is also encouraging the listing of Public Sector Enterprises on the stock markets.

PSUs serve the interest of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. The full form of LPU is lovely professional university. don't get fooled by taking MAE i.e Mechanical and Automation Engineering, if you aspire to clear GATE or join PSU's. Since one should not expect great placements in ipu but still if one has no options left and wishes to do something in life then..