DIPAM new name of disinvestment ministry

Q.  Union Government on April 20, 2016 renamed the Department of Disinvestment as DIPAM which stand for ________?
- Published on 22 Apr 16

a. Department of Infrastructure and Public Asset Managing
b. Department of India and Public Asset Management
c. Department of International and Public Asset Management
d. Department of Investment and Public Asset Management

ANSWER: Department of Investment and Public Asset Management
 
Union Government on 20 April 2016 notified that the Department of Disinvestment is renamed as Department of Investment and Public Asset Management or DIPAM.
  • The decision is aimed at proper management of Union government’s investments in equity including its disinvestment in central public sector undertakings (PSUs).
  • The new department has been mandated to advise the government in the matters of financial restructuring of central public sector enterprises and for attracting investment through capital markets.
  • A comprehensive approach will be adopted for efficient management of government investment in Central Public Sector Enterprises (CPSEs) by addressing issues such as capital restructuring, dividend, bonus shares, etc.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲