There have been reports in the news that NFDC one of the 50 central public sector enterprise, which the government is considering to shut down. The reason that was stated that it is running into losses and it has lost relevance. Therefore this enterprise is under the red mark according to recent news.
However Arun Jaitley, the minister of Information and Broadcasting of India officially confirmed that the news is ‘untrue’. NFDC will not shut down and such rumors, which are in news, are completely false and baseless is what he had to say on the issue.
He even made it clear that instead of shutting they are planning to pump it up and revive its lost glory. Therefore now it is confirmed that NFDC is not shutting down.
Well all we hope NFDC makes up their ‘lost relevance’ and gains more hold on their economy.