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Who among the following was the chairperson of the Disinvestment Commission, Ministry of Industry (Department of Public Enterprises) established in 1996?

Who among the following was the chairperson of the Disinvestment Commission, Ministry of Industry (Department of Public Enterprises) established in 1996? Correct Answer <span style="">GV Ramakrishna</span>

The correct answer is GV Ramakrishna.

Key Points

  • GV Ramakrishna was the Chairperson of the Disinvestment Commission, Ministry of Industry (Department of Public Enterprises) established in 1996.
  • Disinvestment is the process of sale or liquidation of assets by the Central or State Government usually Central and State public sector enterprises, projects, or other fixed assets.
  • Strategic Disinvestment is the process of transfer of the ownership and control of a public sector entity to some other entity mostly to a private sector entity.
  • The disinvestment in which at the end the Government retains a majority stake in the company typically greater than 51% thus ensuring the management control is called Minority Disinvestment.
  • The disinvestment in which the Government after disinvestment retains a minority stake in the company is called Majority disinvestment.
  • This disinvestment commission ceased to exist in May 2004.
  • On 14th April 2016, the Department of Disinvestment was renamed as Department of Investment and Public Asset Management (DIPAM).
  • In November 2005 National Investment Fund was constituted to channelize the proceeds from the disinvestment of Central Public Sector Enterprises.
  • Disinvestment helps in creating a better environment for investment.

Related Questions

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The Chairman of a big company visits one department on Monday of every week except for the Monday of third week of every month. When did he visit the Purchase department ? I. He visited Accounts department in the second week of September after having visited Purchase department on the earlier occasion. II. He had visited Purchase department immediately after visiting Stores department but before visiting Accounts department.
Question : The Chairman of a big company visits one department on Monday of every week except for the Monday of third week of every month. When did he visit the Purchase department ?

Statements :
I. He visited Accounts department in the second week of September after having visited Purchase department on the earlier occasion.
II. He had visited Purchase department immediately after visiting Stores department but before visiting Accounts department.
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