Department of Investment and Public Asset Management (DIPAM)
- September 9, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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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.