Government ownership classification clarifies which public financial corporations qualify as owned or controlled under section 619B. The circular clarifies that, for section 619B, nationalised banks, the General Insurance Corporation of India, Life Insurance Corporation of India and the Industrial Development Bank of India are regarded as owned or controlled by the Central Government, while cooperative institutions, Industrial Credit & Investment Corporation of India, Unit Trust of India and Industrial Finance Corporation are excluded; the list is illustrative and not exhaustive.