The CCEA has approved the proposal of DIPAM for strategic disinvestment. What does “DIPAM” stands for?
[A] Department of Investment and Proper Asset Management [B] Department of Investment and Public Asset Management [C] Department of Investment and Property Asset Management [D] Department of Investment and Private Asset Management
Correct Answer: B [Department of Investment and Public Asset Management]
The Cabinet Committee on Economic Affairs (CCEA) has recently approved the proposal of Department of Investment and Public Asset Management (DIPAM) for the strategic disinvestment. The approval will help in speedy completion of strategic disinvestment transactions. The department will set up an alternative mechanism comprising of the Finance Minister, Minister for Road Transport and Highways and Minister of Administrative Department, to decide on the matters relating to terms and conditions of the sale from the stage of inviting of Express of Interests till inviting of financial bid. It will also empower the Core Group of Secretaries to take policy decisions with regard to procedural issues and to consider deviations as necessary from time to time for effective implementation of decisions of CCEA.