Government approves the proposal of Department of Investment and Public Asset Management for laying down the Procedure and Mechanism for Strategic Disinvestment of Central Public Sector Enterprises (CPSEs) https://www.taxtmi.com/news?id=15818 Strategic disinvestment procedure creates an institutional framework where NITI Aayog identifies CPSEs, recommends valuation methods and advises on mode and share percentage; a Core Group of Secretaries headed by the Cabinet Secretary will supervise implementation. The Administrative Ministry must carry out valuation and appoint asset valuers; an inter ministerial Evaluation Committee chaired at FA level will fix the reserve price. An Independent External Monitor will vet the process and address grievances, and the Ministry of Finance may put in place protective mechanisms for the disinvestment process. en-us Tue, 01 Mar 2016 14:24:11 +0530 Tue, 01 Mar 2016 14:24:00 +0530 TaxTMI RSS Generator Government approves the proposal of Department of Investment and Public Asset Management for laying down the Procedure and Mechanism for Strategic Disinvestment of Central Public Sector Enterprises (CPSEs) https://www.taxtmi.com/news?id=15818 Strategic disinvestment procedure creates an institutional framework where NITI Aayog identifies CPSEs, recommends valuation methods and advises on mode and share percentage; a Core Group of Secretaries headed by the Cabinet Secretary will supervise implementation. The Administrative Ministry must carry out valuation and appoint asset valuers; an inter ministerial Evaluation Committee chaired at FA level will fix the reserve price. An Independent External Monitor will vet the process and address grievances, and the Ministry of Finance may put in place protective mechanisms for the disinvestment process. News - Tue, 01 Mar 2016 14:24:11 +0530 https://www.taxtmi.com/news?id=15818