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CPSEs to get 12 months to sell non-core assets, failure may lead to budget cuts

State-run companies will have 12 months to monetise non-core assets identified by a ministerial panel headed by the finance minister, failing which the finance ministry may restrict budgetary allocations to the CPSEs. The Department of Investment and Public Asset Management (DIPAM) on Monday issued the guidelines for monetisation of non-core assets of CPSEs and immovable enemy properties. The amount raised through sale of non-core assets would form part of the disinvestment proceeds. 

Read More at Moneycontrol News date : 15 Apr 2019, Monday

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