The Standing Committee on Finance, chaired by BJP member Jayant Sinha, wished in its report that divestments would become more credible, targeted and transparent.
A parliamentary panel has asked DIPAM to publish an annual report on how it has managed public assets, focusing on “whether it creates value or has eroded value” from state-owned companies.
The Standing Committee on Finance, chaired by BJP member Jayant Sinha, wished in its report that divestments would become more credible, targeted and transparent.
Department of Investment and Public Asset Management (DIPAM) is mandated to manage government shares in public sector companies.
The government had budgeted to collect Rs 1.75 lakh crore through divestment of PSU in the current fiscal year. However, the revised estimates have lowered the estimate to Rs 78,000 crore.
For the next fiscal year, which starts on April 1, the divestment target has been set at Rs 65,000 crore.
The committee said meeting the divestment target is budget critical and diverging from estimates could lead to a quantum shift in fiscal dynamics.
“Along with the divestment targets, the Committee believes it is imperative that DIPAM publish an annual report on how it has managed public assets — in particular, DIPAM should highlight whether it is creating value or has degraded value on an annual basis to the general public ,” the committee said.
This post Parliamentary panel asks DIPAM to publish annual report on valuation of CPSEs
was original published at “https://www.financialexpress.com/india-news/parliamentary-panel-asks-dipam-to-publish-annual-report-on-cpses-valuation/2467954/”
