Categories: Top Stories

Public business department brought to the Ministry of Finance

New Delhi: Coinciding with the cabinet reshuffle, the Department of Public Business Body (DPE) has now been part of the Ministry of Finance in what is seen as a step to accelerate the process of privatization and train greater financial control over the company managed by the state.
Over the years, the DPE is part of the ministry of heavy industry, with a separate department carved for public companies.
During the Atal Regime of Bihari Vajpayee and Narendra Modi, the two departments have a joint minister, usually BJP allies.
On Tuesday, the Cabinet Secretariat changed the allocation of business rules and moved the DPE under the direct control of Finance Minister Nirmala Sitharaman, who also had the Department of Investment and Management of Public Assets (Depam) under his accusation.
In fact, a few years ago, part of a business with a DPE was also transferred to a Dipam because mod administration tried to use innovative financial instruments to mopping more resources from public sector companies.
The department will oversee the function of 36 PSU, regardless of problems such as heavy and car techniques, giving the Minister of Finance to oversee the supervision of policies related to several major manufacturing sectors.
The change occurred when the program privatization program moved slower than expected, partly because of the second wave of Covid.
In addition, the rope of the rope of the public sector company will enable the Ministry of Finance to extract more funds right when it lacks resources.
In addition, it can encourage through other expenses and decisions at once when increasing capital expenditure has become the main focus area.
The Ministry of Finance has grown to be a major service for the past few years by DIPAM (Department of Disinvestment, in the previous Avatar), while the Ministry of Financial Services grew from being a division in the Ministry to the Independent Department.
In addition, in 2014, Modi has added the Corporate Affairs Ministry to the FM portfolio, which initially consisted of the income department, expenditure and economic affairs.
Now, FM will have six secretaries who report to him, regardless of the head of the economic advisor.
On Tuesday, the Cabinet Secretariat also announced the establishment of the Ministry of Cooperation.

news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

SonÄ«pat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago