Modi Govt Brings Department Of Public Enterprises Under Finance Ministry.
The public authority (Govt) has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid work with its driven disinvestment program.
The Government has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid work with its aggressive disinvestment program.
Prior, DPE was important for Ministry of Heavy Industries and Public Enterprises.
“Service of Finance (Vitta Mantralaya), after the sub-heading (v) Department of Financial Services (Vittiya Sewayen Vibhag), following sub-heading will be embedded, to be specific:- (vi) Department of Public Enterprises (Lok Udyam Vibhag)” according to the Cabinet Secretariat notice dated July 6, 2021.
The journal notice gave said these guidelines might be known as the Government of India (Allocation of Business) Three Hundred and Sixty First Amendment Rules, 2021.
“They will come into power without a moment’s delay,” the notice said.
With the expansion, this will be the 6th office under the Finance Ministry.
Therejig comes in front of Cabinet development scheduled later in the day.
Money Minister Nirmala Sitharaman in her Budget 2021-22 had declared a first-class privatization plan, including privatization of two public area banks and one general insurance agency.
As a feature of the divestment procedure for the monetary area, the public authority has chosen to go for a uber first sale of stock (IPO) of Life Insurance Corporation of India (LIC) and lingering stake deal in IDBI Bank during the monetary year starting April.
The public authority has planned ₹ 1.75 lakh crore from stake deal in open area organizations and monetary establishments during 2021-22.
NEW DELHI: CBI is likely to register more FIRs into alleged loan defaults of Kingfisher even as it plans to Read more
After a protracted legal battle, State Bank of India (SBI) has declared industrialist Vijay Mallya a 'wilful defaulter' for defaults Read more
New Delhi: Concerned over mounting bad loans, the government is planning to set up a high-level panel to effectively deal Read more
NEW DELHI: The S&P BSE Sensex traded rangebound on Monday following muted trend seen in other Asian markets. The Nifty50 Read more
