The union government shifts disinvestment advising role to department of economic affairs

According to the recent updates , the union government of India has transferred the advising role of DIPAM i.e. department of investment and public assets management.
The union government on utilisation of proceeds from disinvestment to DEA i.e. department of economic affairs.

Let us also study more about these organisations named as department of investment and public assets management and department of economic affairs.

Department of investment and public assets management

The department of investment and public assets management was originally named as "department of disinvestment" but recently it was changed to "DIPAM" or "The Department of Investment and Public Assets Management".

The aim of this organisation is to provide proper management of the centre's investment and also including its disinvestment in centre public sector.
DIPAM is a part of  department of ministry of finance . DIPAM is a child agency of ministry of finance and including DIPAM their are 5 child agencies work under ministry of finance.

Department of economic affairs

The department of economic affairs is a nodal agency established by the union government of India . It mainly focus on :-

• Formulating and monitoring of macroeconomic policies which also include issues relating to public finance , public dept. Management , inflation, fiscal policy .
• Production of currency or bank notes , coins of different categories , stamps for postal service's , training for Indian economic services , postal stationery and etc.

Motto of transferring advising role to DEA

• The department of economic affairs will now be in-charge of all the financial policy in union finance ministry in order to regard the utilisation of proceeds disinvestment channelized into NIF i.e national investment fund.
• The NIF ( national investment fund ) was established in 2005 in which CPSE's (central public sector enterprises) were channelized from the distinct proceeds.