The Ministry of Finance has recently planned to set up a special cell under the Department of Investment and Public Property Management (DIPAM) to accelerate monetization of non-primary assets of Central Government-owned companies (CPSEs).
It is a part of the overall plans for adoption of processes and mechanisms for monetization of central government's non-primary assets, mainly land and buildings. The Policy Commission has already identified approximately 35 such companies that can go for a one-time sale in the open market.
Key points of declaration
Background: Non-primary assets are assets that are either not required or are not used in the business functions of the company. The Union Cabinet has recently approved the institutional framework for strategic disinvestment and monetization of fixed assets under custodian of enemy property. Apart from this, the monetary policy for CPSE assets has been made by the Finance Ministry, under which the policy commission will prepare a list of each of these companies for non-primary assets.
Department of Investment and Public Property Management (DIPAM)
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