Harsha Kakar The recent spat between the Hindustan Aeronautics Limited (HAL) and Admiral Arun Prakash, the former Chief of Naval staff, brought to fore the lack of faith and trust which the armed forces place on defence Public Sector Undertakings (PSUs) and factories under the Ordnance Factory Board (OFB). Admiral Prakash had termed the HAL in a YouTube interview series as ‘lethargic, deadbeat’, a company that had ‘failed to show initiative’ and one that deserved a ‘rap on the knuckles’. … Continue reading Banking on defence PSUs and OFB