Finance ministry gets bigger, Govt brings Department of Public Enterprises (DPE) under finance ministry

Finance Ministry will now have six departments while DPE’s hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.

New Delhi: The government has brought Department of Public Enterprises (DPE) under the finance ministry. It will give it a better control over state-owned firms and facilitate its ambitious privatization programme.

The DPE, Which was earlier under the Ministry of Heavy Industries and Public Enterprises, has been brought under the finance minister to ease coordination related to future disinvestment plans.

Finance Ministry will now have six departments while DPE’s hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.

“Ministry of Finance (Vitta Mantralaya), after the sub-heading (v) Department of Financial Services (Vittiya Sewayen Vibhag), following sub-heading shall be inserted, namely:- (vi) Department of Public Enterprises (Lok Udyam Vibhag)” as per the Cabinet Secretariat notification dated July 6, 2021. The gazette notification issued said these rules may be called the Government of India (Allocation of Business) Three Hundred and Sixty First Amendment Rules, 2021. “They shall come into force at once,” the notification said.

The gazette notification issued said these rules may be called the Government of India (Allocation of Business) Three Hundred and Sixty First Amendment Rules, 2021.

Previously, The Finance minister Nirmala Sitharaman had mentioned this change in her budget speech. A notification was issued by the central Secretariat, amending the new change.