Must consider shareholder interests: DIPAM secretary Tuhin Kanta Pandey

'DIPAM has been advising ministries to carefully evaluate any policy changes which play a larger part in the functioning of PSUs', said Pandey

The stocks of IRCTC tanked around 30% intraday on Friday after the Railways asked it to share 50% of its revenues from the convenience fees it charges customers. Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tells Nikunj Ohri in an interview that his department has advised ministries to carefully evaluate policies that impact the functioning of PSUs. Edited excerpts:

There has been volatility in IRCTC’s stock price for a few days and the recent directive by the Ministry of Railways further fueled it..

The volatility of stock is dependent on several factors and linked to predictions on