Correct Answer : Option (A) - Rs 5,000 crore
The government has set up a National Land Monetisation Corporation(NLMC) to fast track monetisation of land and non-core assets of public sector entities, the Economic Survey said on Monday(31st Jan 2022).
So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd.
Since, the desired skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had announced setting up of a Special Purpose Vehicle (SPV), with capacity and expertise, to carry out the monetisation of the land and other non-core assets in an efficient and prudent manner, in line with international best practices.
"In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being incorporated as a
100 percent Government of India owned entity with an initial authorised share capital of
Rs 5,000 crore and subscribed share capital of
Rs 150 crore," it said.
Source : Economic Times
Published On : February 1, 2022
Category : Business and Economics
