Department of Investment and Public Asset Management (DIPAM)

  • September 9, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
No Comments

 

 

Department of Investment and Public Asset Management (DIPAM)

Subject – Economy

Context – DIPAM picks 10 merchant bankers for LIC IPO.

Concept –

  • Department of Investment and Public Asset Management (DIPAM) deals with all matters relating to management of Central Government investments in equity including disinvestment of equity in Central Public Sector Undertakings.
  • The Four major areas of its work relates to Strategic Disinvestment, Minority Stake Sales, Asset Monetisation and Capital Restructuring.
  • It also deals with all matters relating to sale of Central Government equity through offer for sale or private placement or any other mode in the erstwhile Central Public Sector Undertakings.
  • DIPAM is working as one of the Departments under the Ministry of Finance.
  • Till now, PSUs for strategic sale were identified by NITI Aayog. From now, DIPAM and NITI Aayog will jointly identify PSUs for strategic disinvestment.
Department of Investment and Public Asset Management (DIPAM) economy