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