DIPAM launches online investor facilitation platform

Keen on creating more awareness about the forthcoming disinvestment issues, the Finance Ministry has set up an Investor Facilitation Platform that will provide information about stocks of public sector units.

Set up by the Department of Investment and Public Asset Management (DIPAM), the platform will be an interactive forum for all stakeholders, including investors, investment banks, law firms, public sector units and administrative ministries that are involved in stake sales. Developed and maintained by PRIME Database, all users will have to register on the platform, which will then be authorized by DIPAM.

    Important Takeaways from above News for Dena Bank Exam-
    • DIPAM is headed by Finance Minister of India Shri Arun Jaitley
    • From 27th May, 2004, the Department of Disinvestment is one of the Departments under the Ministry of Finance
    • The Department of Disinvestment was set up as a separate Department on 10th December, 1999 and was later renamed as Ministry of Disinvestment from 6th September, 2001
    • The Department of Disinvestment has been renamed as Department of Investment and Public Asset Management (DIPAM) from 14th April, 2016.

    Source- The Hindu Business Line

    If you have any other takeaways, do share with us in the comment section

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