sentences:  Shri Debasish Panda is the current secretary of this department.The Department of Disinvestment has been renamed as Department of Investment and Public Asset Management or 'DIPAM', a decision aimed at the proper management of Centre's investments in equity including its disinvestment in central public sector undertakings.Finance Minister Arun Jaitley had announced the renaming of the Department of Disinvestment in his budget speech for 2016-17.