DISINVESTMENT ITS SELLING OF GOVERNMENT SHAREHOLDING IN THE MARKET ITS RECEIPTS ARE INCLUDED IN CAPITAL RECEIPT OF GOVERNEMENT BUDGET
1999- A SEPARATE DISINVESTMENT DEPARTMENT WAS CREATED 2004- IT BROUGHT UNDER MINISTRY OF FINANCE 2016- ITS NAME HAS BEEN CHANGED TO Department of Investment and Public Asset Management(DIPAM)
National Investment Fund (NIF) -Department of Investment & Public Asset Management Government had constituted the National Investment Fund (NIF) in November, 2005 into which the proceeds from disinvestment of Central Public Sector Enterprises were to be channelized.
The corpus of NIF was to be of a permanent nature and NIF was to be professionally managed by Mutual Funds, namely UTI Asset Management Company Ltd., SBl Funds Management Private Ltd. and LIC Mutual Fund Asset Management Company Ltd. were entrusted with the management of the NIF corpus.
As per this Scheme, 75% of the annual income of the NIF was to be used for financing selected social sector schemes which promote education, health and employment. . . The residual 25% of the annual income of NIF was to be used to meet the capital investment requirements of profitable and revivable PSUs.
2017-18 Budget Government Target for Disinvestment was-72,500 crore But actual receipt was more than 1 lac crore
2018-19 Budget Government Target for Disinvestment was-80,000 crore
Consider the following statement: 1. Disinvestment is the part of Capital budget of the Government. 2. The 2018-19 target of disinvestment of government is 800000 3. Government had constituted the National Investment Fund (NIF) in November, 2006 into which the proceeds from disinvestment of Central Public Sector Enterprises were to be channelized. Which of the above statement is/are correct . Only 3 b. 1,2 and 3 c.!and 3 d.only 1
MBA,PGDFM Author of Bhavishya Arthik Patrika(for Civil Services), worked in SBI group for 7 years, teaching indian economy to UPSC student