Which body was empowered by the Cabinet Committee on Economic Affairs to decide procedural issues and allow deviations in strategic disinvestment, and so fixed the best offer round for IDBI Bank?
- A.The Securities and Exchange Board of India
- B.The Core Group of Secretaries on Disinvestment
- C.The Reserve Bank of India
- D.The Department of Financial Services
Show answer
The Finance Ministry's clarification explains that DIPAM has no internal procedure for the situation in which the highest financial bid comes in below the reserve price, and that the Cabinet Committee on Economic Affairs, in its meeting of 16 August 2017, approved a note on the procedure and mechanism for…
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