2 weeks ago
Parliamentary panel urges task force to fill 38 DIPAM vacancies
Some important people in India's government check that the country's offices have enough workers.
They looked at a special department called DIPAM, which takes care of things the government owns, like buildings and shares in companies.
They found that almost half of the jobs in this department are empty.
That is like a sports team going to a big match with only a few players!
This matters because the department has to make very big and difficult deals, like selling the government's share in IDBI Bank.
The people in charge recommended creating a special group, called a task force, to fill all 38 empty positions quickly.
They also worried that the department has very little money for such a huge job.
Another worry is making sure the government keeps control of important companies it partly owns.
The finance ministry said it does not plan to reduce the government's share for now.
But the committee thinks it is smarter to write clear rules now, so the government can stay in charge even in the future.
India's Standing Committee on Finance flagged a 'crippling' 43% vacancy rate at DIPAM and recommended a task force to fill all 38 vacant positions.
DIPAM has only 51 officers against a sanctioned strength of 89, with 11 Director and 8 Under Secretary vacancies.
The department oversees a public asset portfolio exceeding ₹42.76 lakh crore but operates on a budget of just ₹55.92 crore.
The finance ministry said it is pursuing the matter on priority with the DoPT, Department of Expenditure, and Department of Economic Affairs.
The committee rejected the ministry's 'reactive' stance on CPSE stakes and urged legal safeguards like 'Golden Share' or indirect control models.
- Who
- The Parliamentary Standing Committee on Finance, chaired by Bhartruhar Mahtab, along with India's finance ministry and DIPAM.
- What
- The committee flagged a 'crippling' 43% vacancy rate at DIPAM, recommended an inter-departmental task force to fill all 38 vacant positions, and pressed the ministry to codify legal safeguards for strategic oversight of CPSEs.
- Where
- New Delhi, India.
- When
- Reported on August 16; the committee's original report was tabled in Parliament in March.
- Why
- The severe manpower shortage jeopardises DIPAM's ability to execute complex transactions such as the IDBI Bank sale and manage disinvestment, and the committee views reactive governance as insufficient for modern capital markets.
Parliamentary Committee
Finance Ministry
Safeguarding state stake below 51%
Parliamentary Committee
The Committee says the ministry's reactive stance is 'insufficient for complex, modern capital markets' and wants a proactive legal architecture — such as 'Golden Share' or indirect control models — codified now to protect strategic oversight and national security when government equity in vital CPSEs falls below 51%.
Finance Ministry
The ministry said there is no proposal at present to reduce the Government of India's stake below 51% in CPSEs, except in strategic disinvestment cases approved by the CCEA, and did not commit to pre-emptively codifying such safeguards.
Key facts
- Department
- Department of Investment and Public Asset Management (DIPAM)
- Vacancy rate
- 43%
- Vacant positions
- 38
- Staff strength
- 51 officers against 89 sanctioned
- Critical vacancies
- 11 Director, 8 Under Secretary
- Public asset portfolio
- Exceeds ₹42.76 lakh crore
- Annual budget
- ₹55.92 crore
- Committee chairman
- Bhartruhar Mahtab
Quotes
Standing Committee on Finance
Parliamentary committee overseeing financial matters
“The Standing Committee, therefore, urge the Ministry of Finance to pursue the matter on priority through a dedicated inter-departmental task force with DoPT and DoE to ensure early filling up of all 38 vacant positions.”
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