The government will sell land of a government company and institutions like BSNL, the new company will do this work


Posted on 9th Mar 2022 04:17 pm by rohit kumar

Be it Central Public Sector Enterprises (CPSEs) or government agencies, the government will raise money by selling their vacant land, buildings, or properties. The Central Government has also formed a company for this work. The name of this company is National Land Monetization Corporation (NLMC). This company will be fully owned by the government. Let us tell you that for the first time in the budget for the financial year 2021-22, the sale of properties in this way was proposed. In this episode, the government has now formed the company.

 

There was mention in the Economic Survey: The formation of the National Land Monetization Corporation (NLMC) was mentioned in the Economic Survey presented a day before the general budget this year. It was told in the survey that proposals for the sale of 3,400 acres of land and other assets of central PSUs have been sent to NLMC. Government companies such as MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, and Instrumentation Ltd have submitted details of their assets to the Land Monetization Corporation.

 

Did you know?Explore Trending and Topic pages for more stories like this.

According to the report of the Economic Survey, during the years 2021-22 to 2024-25, Rs 6 lakh crore is likely to be raised from the sale of key assets of the central government. Of these, about 83 percent of the assets in the telecommunications sectors are in addition to roads, railways, electricity, oil, and gas pipelines.

 

Important for closed companies: Many government companies have had strategic disinvestment or have closed down. This step taken by the government is very important for such companies. The National Land Monetization Corporation (NLMC) will provide technical advice as well as help in taking forward the government's monetization program.

1 Like 0 Dislike
Previous news Next news
Other news

Udhayanidhi Stalin: Udayanidhi is surrounded all-round by stating Sanatan Dharma, Tamit actor became a minister after winning Filmfare, known his whole career

There has been an uproar over the objectionable remarks made by DMK leader and Tamil Nadu ministe

Bengaluru Stampede: BJP asked sharp questions to Congress on the Bangalore stampede, and also mentioned the Allu Arjun controversy

The celebration of Royal Challengers Bangalore's victory in IPL faded when 11 people lost their l

Victory over Taiwan is not easy for China: 3.5 million Taiwanese specialize in guerrilla warfare; 5 point strategy prepared in advance for war

Despite all the threats from China, Nancy Pelosi came to Taiwan and went back after spending a wh

Happy Birthday Sachin: The stadium used to reverberate with chants of 'Sachin... Sachin...'; these major records of his remain intact to this day.

Former opening batsman Sachin Tendulkar, who infused new energy into Indian cricket, is celebrati

Upon seeing Dharmendra's poster, Salman Khan's steps suddenly halted, and Bhaijaan couldn't control his emotions.

Sriram Raghavan's upcoming war drama film 'Ikkiis' is special for fans for several reasons. It's

HPBOSE 10th Result 2022: Himachal Board 10th result soon, check your scorecard like this

HPBOSE 10th Result 2022: The result of class 10th can be announced soon by the Himachal Board. Th

Vikram will now be able to watch viewers on OTT, recovery of digital rights a huge amount

Kamal Haasan's film Vikram was in the news even before its release. After its release on June 3,

LokSabha Polls: TDP leading with 47 seats in Andhra, and BJD leading with 12 seats in Odisha, know the condition of BJP+ in these states

The results of the Lok Sabha elections in 2024 are going to come today. Along with this, the resu

Honesty or dishonesty: When Mitchell Marsh left the field without getting out against Lucknow, the fans said the villain of the match.

It is said that no matter what happens, the batsman must know whether the ball has taken the edge

IND vs PAK: ACC-BCCI put Team India in big trouble! Will play cricket for three consecutive days, know the whole matter

The Super Four match between India and Pakistan will now be played on Reserve Day i.e. today. Due

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash