Which is the new name given to Department of Disinvestment

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	DIPNM
B	DEPSM
C	DIPAM
D	DRPAM

Explanation:

Detailed explanation-1: -As a follow-up, the Dept of Disinvestment has been renamed as the Department of Investment and Public Asset Management or ‘DIPAM’ but it continues to function under the Ministry of Finance.

Detailed explanation-2: -From 27th May, 2004, the Department of Disinvestment is one of the Departments under the Ministry of Finance. The Department of Disinvestment has been renamed as Department of Investment and Public Asset Management (DIPAM) from 14th April, 2016.

Detailed explanation-3: -The government has revised its disinvestment estimate for 2021-2022 to ₹78, 000 crores. The disinvestment target has been decreased from ₹1.75 lakh crore envisaged in the budget estimate this constitutes a 55.4% reduction and has set a target of ₹65, 000 crores for 2022-23.

Detailed explanation-4: -Major disinvestment: The government sells off the majority of its stake and retains minor holdings in the company. Compete privatisation: In this the government hands over complete control of its holdings to a private player.

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