December 2016 Current Affairs

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Union Government renamed Department of Disinvestment as DIPAM

Union Government renamed Department of Disinvestment as DIPAM
21 April 2016 Current Affairs: 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.

DIPAM :  The DIPAM will work under Union Finance Ministry and it will deal with all matters relating to management of central government investments in equity including disinvestment of equity in central public sector undertakings. It will also deal 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.All other post disinvestment matters shall continue to be handled by the Union administrative ministry or concerned department with the consultation of DIPAM on necessity.Union Finance Minister Arun Jaitley had announced about the renaming of the Department of Disinvestment in his budget speech for 2016-17.

 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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