Department of Investment and Public Asset Management (DIPAM) Current Affairs, GK & News

National Land Monetisation Corporation

According to Economic Survey, central government has set up a “National Land Monetisation Corporation” in a bid to FastTrack the monetisation of land and non-core assets of public sector entities. Key Facts As of now, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation. Lands have been referred from CPSEs including ..

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Foreign direct investment in LIC

The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to create a plan to amend the FDI in insurance sector after consulting DPIIT. DFS is ..

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NITI Aayog submits names of PSU banks to be privatised

NITI Aayog has submitted names of Public Sector Undertaking (PSU) that will be privatised to Core Group of Secretaries on Disinvestment. Highlights All these PSBs will be privatised by Financial Year 2022. Privatisation is being done as part of government’s disinvestment process to raising funds. Background Centre’s aim of privatising two public sector banks and ..

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NITI Aayog submits first list of 12 PSUs for Privatisation

The government’s think tank, NITI Aayog has submitted the first list comprising of 12 Public Sector Undertakings that will be privatized under the centre’s privatisation drive. Highlights The list submitted by the NITI Aayog includes the PSUs in strategic sectors. This list will now be reviewed by Department of Investment and Public Asset Management (DIPAM) ..

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GoM will decide PSU count in strategic sectors: DIPAM Secretary

Recently, the Department of Investment and Public Asset Management (DIPAM) stated that a panel of Ministers would take final decision regarding the number of public sector companies that will be retained in each of the strategic sectors. The panel of ministers will comprise of Nirmala Sitharaman, the Finance Minister and Nitin Gadkari, the Road Transport ..

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