Department of Disinvestment is Now ‘Dipam’: Notification Issued

The Department of Disinvestment comes under Finance ministry has been renamed as Department of Investment and Public Asset Management ‘Dipam’, a decision aimed at proper management of Centre’s investments in equity including its disinvestment in central public sector undertakings.

The new department has been mandated to the advise of government in the matters of financial restructuring of central public sector enterprises and for attracting investment through capital markets”, as per a notification issued by the Cabinet Secretariat in this regard.

Union Finance Minister Arun Jaitley had also announced renaming of the Department of Disinvestment in his budget speech for 2016-17. It will also deal with “all matters relating to sale of central government equity through offer for sale or private placement or any other mode in the erstwhile central public sector undertakings”, the notification reads.
Extra info:
1. Department of Investment and Public Asset Management – Dipam
2. Union Finance Minister of India – Arun Jaitley

So lets do:
1. Department of Investment and Public Asset Management comes under which Ministry?
2. Who is the Finance Minister of India?


Source – The Hindu



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