Skip to main content

MoneyWorks4Me

CCEA approves DIPAM proposal for speedy transactions of disinvestment targets

17 Aug 2017 Evaluate

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Department of Investment and public Asset Management (DIPAM) for speedy completion of strategic disinvestment transactions of state-owned companies.
 
The DIPAM will set up an Alternative Mechanism (AM) consisting of the Finance Minister, Minister for Road Transport & Highways and Minister of Administrative Department. This three ministers’ group will decide on the matters relating to terms and conditions of the sale from the stage of inviting of Express of Interests (Eols) till inviting of financial bid.

Approval was also given to empower the Core Group of Secretaries (CGD) to take policy decisions with regard to procedural issues and to consider deviations as necessary from time to time for effective implementation of decisions of CCEA.