​Which country/confederation of countries was made a permanent member of G-20 at the 18th Summit of G-20 held at New Delhi in September 2023?​

Correct option is B

The correct answer is:(B) African Union

Explanation:

• Statement I:The objective of India’s Disinvestment Policy is to minimise the presence of Central Public Sector Undertakings (CPSUs) including financial institutions and creating new investment space for the Private Sector.

  Correct. The Disinvestment Policy aims to reduce the government's involvement in non-strategic sectors, thereby minimizing the presence of CPSUs and encouraging private sector participation in the economy.

• Statement II:The objective of India’s Disinvestment Policy is to mobilise disinvestment proceeds to finance various social sector and development programmes.

  Correct. The proceeds from disinvestment are utilized to finance social sector programs such as education, health, and infrastructure development, thereby contributing to the nation's overall development.

Information Booster:

• Objectives of Disinvestment:

  • Reducing Fiscal Burden: Alleviating the financial strain on the government by selling stakes in loss-making or non-strategic PSUs.

  • Encouraging Private Sector Participation: Creating opportunities for private investment and management in various sectors.

  • Utilizing Proceeds for Development: Channeling funds into critical areas like infrastructure, education, and healthcare to promote inclusive growth.

• Strategic Sectors: The government retains control over PSUs in strategic sectors such as defense, atomic energy, and railways, while disinvesting in non-strategic sectors.

• DIPAM's Role: The Department of Investment and Public Asset Management (DIPAM) oversees the disinvestment process, ensuring transparency and efficiency in the sale of government stakes.