Department of Investment and Public Asset Management (DIPAM) has signed an agreement with the World Bank, to provide advisory services to DIPAM for asset monetization. DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of the value of 100 crore and above. DIPAM has a framework for monetizing non-core assets.
Under the agreement:
The World Bank advisory project, approved by the Finance Minister, is aimed at analyzing public asset monetization in India and benchmarking its institutional and business models against international best practices as well as supporting the development of operational guidelines and capacity building for their implementation.
Important takeaways for all competitive exams:
- Headquarters of World Bank: Washington, D.C., United States.
- President of World Bank: David Malpass.