In the year 2021, the Department of Public Enterprises has now been made part of the __________ Ministry, to speed up the privatisation process and exercise greater financial control over the state-run-enterprises.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Finance.
In 2021, the Department of Public Enterprises (DPE) was merged with the Ministry of Finance to accelerate the privatization process and strengthen financial oversight of state-run enterprises. This move aimed to enhance efficiency, streamline decision-making, and facilitate the government's disinvestment strategy. By bringing DPE under the Finance Ministry, the government sought to improve coordination in policy implementation, optimize resource allocation, and attract private investment. The restructuring was a crucial step toward reducing fiscal burden, promoting economic growth, and ensuring better governance of public sector enterprises.