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Make Disinvestment Process Transparent, Publish Annual Report on Asset Management: Report


A parliamentary committee has asked the government to publish an annual report on asset management

New Delhi:

Emphasizing that meeting investment disposal targets is essential to budget implementation and to make the whole process more transparent, the Parliamentary panel has asked the government to publish an annual report on how it manages public assets.

The Parliamentary Standing Committee on Finance, headed by BJP leader Jayant Sinha, in its report on grant claims for the investment and public asset management department (DIPAM), has suggested that in the annual report, it should highlight special “whether it creates value or equal there it has eroded the value of public sector efforts (PSUs).

“Along with the disposal target, the committee believes that it is necessary for DIPAM to publish an annual report on how it manages public assets – in particular, DIPAM should highlight whether it is creating value or whether it has eroded in value each year. for the general public, “the Parliamentary panel suggested.

“Meeting investment disposal targets is crucial to (union) budgets and faltering from budgets can lead to quantum changes in fiscal dynamics and thus want investment disposal to be more credible, purposeful and transparent,” the committee added.

DIPAM is mandated to manage government equity in public sector companies.

The government has budgeted to collect Rs 1.75 lakh crore through the disposal of PSUs in the current fiscal. However, the revised estimate has reduced the estimate to Rs 78,000 crore.

For the next fiscal (2022-23), i.e. starting from April 1 onwards, the disposal target has been set at Rs 65,000 crore.

Agrasmartcity

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