The exercise of monetising land assets, announced by the finance minister (FM) in budget 2021-22 could provide a unique opportunity to reimagine our cities and, if framed differently, has the potential to be the solution to solve many problems at one stroke, in a rapidly urbanising country.
An asset which is idle anddoes not generate any returns or revenue must be converted into cash is what in simpler and common parlance,does monetization (of land) denote. We have in the country several such PSUs, which due to fast changing economic scenario , global market conditions, drastic changes and tastes in general consumers and preferences for alternatives or even certain policies in isolation or in combination on the verge of closure or having already been wound up but have […]
Explained: Why The Government Has Set Up National Land Monetisation Corporation swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
A National Land Monetisation Corporation (NLMC) will be set up to undertake the monetisation of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other government agencies.Accordingly, the decision was taken by .