Department of Investment and Public Asset Management (DIPAM)

Q.  Department of Divestment is renamed as
- Published on 21 Mar 16

a. Department of Public Investment
b. Department of Investment and Public Asset Management
c. Department of Public Asset Management
d. Department of Dis-investment

ANSWER: Department of Investment and Public Asset Management
 
  • The Department of Disinvestment is being renamed as the “Department of Investment and Public Asset Management (DIPAM)”.
  • A new policy for management of Government investment in Public Sector Enterprises, including disinvestment and strategic sale, has been approved.
  • Government will leverage the assets of CPSEs for generation of resources for investment in new projects. Government will encourage CPSEs to divest individual assets like land, manufacturing units, etc. to release their asset value for making investment in new projects.
  • The NITI Aayog will identify the CPSEs for strategic sale.

Post your comment / Share knowledge


Enter the code shown above:
 
(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)