TNPSC Thervupettagam

Cabinet approved the new mechanism to speed up strategic disinvestment

August 18 , 2017 2655 days 1480 0
  • To accelerate strategic disinvestments in central public sector enterprises (CPSEs)
  • The Cabinet Committee on Economic Affairs has recently approved the proposal of setting up a Ministerial Group to decide on the details of strategic disinvestment of Public sector firms.
  • The proposal was given by the Department of Investment and Public Asset Management (DIPAM).
  • The empowered ministerial group is led by Finance Minister and members include Minister for Road Transport, Minister of Administrative Department.
  • The approval will help in speedy completion of strategic disinvestment transactions.

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