National Land Monetisation Corporation to be set up by Govt of India // Some Information about National Land Monetisation Corporation // 2022 Current Affairs //

 National Land Monetisation Corporation to be set up by Govt of India:

The Economic Survey of India pointed out that the Government of India will Set up National Land Monetisation Corporation(NLMC). NLMC will be entrusted with the job of monetization of land and other non-core assets of the Central Government. The initial share capital of the National Land Monetisation Corporation is set at INR 5000cr, with a subscribed share capital of 150cr. To date, Central Public Sector Enterprises (CPSE) has notified 3,400 acres of land and other non-core assets for monetization.

NLMC will be a fully govt. owned entity. NLMC will work as an asset manager of land owned by the central govt. and public sector undertakings. National Land Monetisation Corporation will be given free hand regarding the development of allocated land for commercial or residential purposes.

SPECIAL NOTES FOR ASPIRANTS:

• Indian Oil Corporation Ltd. is the highest profit earning PSU for 2020-21.

• The Department of Public Enterprises (DPE) under the Ministry of Finance is the nodal agency for all central Central Public Sector Enterprise.

• As of December 2021 India got 11 Maharatnas, 13 Navratnas and 73 Miniratnas.

• Minister Of Finance- Nirmala Sitaraman