Will PM Modi’s ID speech carry hope for ailing PSUs?

Prime Minister Modi 

PRIME Minister Narendra Modi's Independence Day speech from the ramparts of historic Red Fort has been hailed for launching an affront on Pakistan for sponsoring terror. But for ailing PSUs his speech carried ray of light for revival. His reference to loss-making public-sector units now making profits could be an indication that this government has greater confidence in reviving loss-making public-sector enterprises (PSUs) rather than selling them.
In his ID speech, the Prime Minister said: “PSUs in our country are merely...