Budget 2017: Railways caught off guard as Jaitley proposes to list its

 3 PSUs Sources told the Indian Express the announcement on listing of the 3 PSUs came barely two days after the issue was first discussed at a meeting In the first combined announcement of the Rail and Union Budget the Railways Ministry was caught off-guard when Finance Minister Arun Jaitley announced that three of its public sector undertakings (PSUs) would be listed on Indian bourses. Sources told the Indian Express  this announcement came barely two days after the issue was first discussed at a meeting on Monday. 

With no indication that the future of its PSUs was up for discussion, the ministry did not send any Railway Board member for the meeting. A joint secretary-level officer and an additional member attended the meeting with NITI Aayog officials and Secretary, Department of Investment and Public Asset Management (DIPAM)," the Indian Express article reports. Sources say these officials were only asked if the ministry had any objection to the listing of some of its PSUs for better capital inflow and market competitiveness. The ministry was under the impression that this meeting was the first step towards the listing process and a more detailed roadmap will be presented later. But the proposal to list the three PSUs -- IRCON (Indian Railway Construction Company Limited), Indian Railway Finance Corporation, and Indian Railway Catering and Tourism Corporation -- came immediately

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