DIPAM

Subject: Economy

Context: DIPAM to monetise assets worth over ₹100 crore.

Concept:

• The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale in the Public Sector Undertakings (PSUs).
• DIPAM and NITI Aayog will jointly identify PSUs for strategic disinvestment.

 Mandate of the Department:

• All matters relating to the management of Central Government investments in equity including disinvestment of equity in Central Public Sector Undertakings.
• All matters relating to the sale of Central Government equity through offer for sale or private placement or any other mode in the erstwhile Central Public Sector Undertakings.