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NEWS IMPULSE – DIPAM SIGNS AN AGREEMENT WITH WORLD BANK| 17 NOVEMBER

/ UPSC Daily Current Affairs, November

<p style=”margin-bottom: 13px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”>Section of the syllabus&ndash; Economy </span></span></span></b></span></span></span></p>

<p style=”margin-bottom: 13px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”>Context – </span></span></span></b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”>DIPAM signs an agreement with World Bank for advisory services on Asset Monetization</span></span></span></span></span></span></p>

<p style=”margin-bottom: 13px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”>Highlights of the agreement </span></span></span></b></span></span></span></p>

<p style=”margin-left: 8px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”background:white”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”><span style=”color:#333333″>Under the agreement, World Bank is to provide advisory services to DIPAM for asset monetization.</span></span></span></span></span></span></span></span></p>

<p style=”margin-bottom: 13px; margin-left: 8px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><span style=”font-size:12.0pt”><span style=”background:white”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”><span style=”color:#333333″>It would facilitate and accelerate the non-core asset monetization process and help unlock the value of these un-used/ marginally used assets which has the potential to substantially augment financial resources for further investments and growth.</span></span></span></span></span></span></span></span></p>

<p style=”margin-bottom: 13px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”>DIPAM- </span></span></span></b><span style=”font-size:12.0pt”><span style=”background:white”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”><span style=”color:#333333″>DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of value of INR 100 crores and above.&nbsp; DIPAM has a framework for monetizing non-core assets.&nbsp;</span></span></span></span></span></span></span></span></p>

<p style=”margin-bottom: 13px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”>WORLD BANK – </span></span></span></b><span style=”font-size:12.0pt”><span style=”background:white”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”><span style=”color:#333333″>The World Bank advisory project, is aimed at analyzing public asset monetization in India and benchmarking its institutional and business models against international best practices as well as supporting development of operational guidelines and capacity building for their implementation.</span></span></span></span></span></span></span></span></p>

<p style=”margin-bottom: 13px; text-align: justify;”><span style=”font-size:11pt”><span style=”line-height:115%”><span style=”font-family:Calibri,sans-serif”><b><span style=”font-size:12.0pt”><span style=”line-height:115%”><span style=”font-family:&quot;Cambria&quot;,&quot;serif&quot;”>Source &ndash; PIB</span></span></span></b></span></span></span></p>