Dipam and its features

 Department of investing and public assets management 

What is DIPAM?

The Indian government's Department of Investment and Public Asset Management (DIPAM) is in charge of overseeing the government's investments in various PSEs and encouraging disinvestment in non-strategic, unprofitable, or underperforming state-owned businesses.

DIPAM, a division of the Ministry of Finance, was founded in 2016. Maximizing the value of the government's investments in public sector businesses and fostering effective asset use are two of its main objectives.

(more and its workings)

• Features of DIPAM

The Department of Investment and Public Asset Management (DIPAM) has several features that distinguish it as a key department within the Indian government.

 

Some of the key features of DIPAM include:

Disinvestment: 

One of the primary features of DIPAM is its focus on disinvestment of government equity in public sector enterprises. DIPAM is responsible for formulating policies and guidelines related to disinvestment and strategic sale of government equity in public sector enterprises.

Asset Management: 

DIPAM is responsible for managing the government's investments and assets in public sector enterprises. It provides strategic guidance to public sector companies on various matters such as financial restructuring, mergers and acquisitions, and corporate governance.

 

CPSE ETF: 

DIPAM manages and promotes the Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF), which is a marketable security that tracks the performance of government-owned companies listed on the stock exchange.

Strategic Divestment: 

DIPAM focuses on strategic divestment of government equity in non-strategic, loss-making or underperforming state-owned companies. It plays a critical role in promoting efficient and effective use of government resources for economic growth and development.

Research and Analysis: 

DIPAM conducts research and analysis on issues related to government investments and public sector enterprises. It develops recommendations and policy proposals to optimize the value of government assets and investments.

 

Overall, the key features of DIPAM include its focus on disinvestment, asset management, management of the CPSE ETF, strategic divestment, and research and analysis. These features reflect the department's commitment to promoting efficient and effective use of government resources for economic growth and development.