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Consider the following statements with respect to the Disinvestment of Central Public Sector Enterprises (CPSEs) in India:
1. Department of Investment and Public Asset Management (DIPAM) under the Ministry of Corporate Affairs oversees the process of Disinvestment.
2. NITI Aayog identifies and recommends CPSEs for strategic disinvestment.
3. Capital receipts from Disinvestment have steadily increased in the last 5 years.
Which of the statements given above is/are correct?
2 only
3 only
1 and 2 only
1 and 3 only
Disinvestment means the dilution of the stake of the Government in a public enterprise. Strategic disinvestment is transferring the ownership and control of a public sector entity to some other entity (mostly to a private sector entity). Unlike the simple disinvestment, strategic sale implies some sort of privatization. • The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale in the Public Sector Undertakings (PSUs). Hence statement 1 is not correct. • Types of Disinvestments are:
Disinvestment proceeds in the last 5 years. Year Disinvestment proceeds 2014-15 24,277.17 2015-16 23,996.80 2016-17 34,938.68 2017-18 57,273.05 2018-19 62,883.20
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