{"id":129053,"date":"2021-08-27T15:50:46","date_gmt":"2021-08-27T10:20:46","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=129053"},"modified":"2021-08-28T17:29:56","modified_gmt":"2021-08-28T11:59:56","slug":"government-prepares-plan-to-hive-off-surplus-land-of-psus-on-nmp-project","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/government-prepares-plan-to-hive-off-surplus-land-of-psus-on-nmp-project\/","title":{"rendered":"Government prepares plan to hive off surplus land of PSUs (On NMP project)"},"content":{"rendered":"<p><strong>Source<\/strong>: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.thehindu.com\/opinion\/editorial\/risks-and-rewards-the-hindu-editorial-on-asset-monetisation-scheme\/article36127376.ece\">The Hindu, <\/a><\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/government-prepares-plan-to-hive-off-surplus-land-of-psus\/articleshow\/85675955.cms\">TOI<\/a><\/span><\/p>\n<h5><strong>What is the news?<\/strong><\/h5>\n<p>After unveiling the Rs 6-lakh-crore asset monetization program, the government has accelerated efforts to separate surplus land. The government will soon seek Cabinet approval for setting up a specialized entity (special purpose vehicle, or SPV) to undertake such transactions for state-run companies, ministries and departments. The entity will also handle land transactions of state-run firms that have closed or are facing closure.<\/p>\n<h5><strong>Background<\/strong><\/h5>\n<ul>\n<li><strong>Read here<\/strong>: <span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/national-monetization-pipeline-explained-pointwise\/\" target=\"_blank\" rel=\"noopener\">National Monetization Pipeline (NMP) project &#8211; Explained<\/a><\/strong><\/span><\/li>\n<\/ul>\n<h5><strong>Why a specialized entity?<\/strong><\/h5>\n<p>Monetizing of land can either be by way of direct sale or concession, or by similar means. This requires special abilities and expertise. Hence, for this purpose, a special purpose vehicle was proposed in the budget speech this February.<\/p>\n<ul>\n<li>The new entity will be staffed with <strong>domain experts<\/strong> as well as people who are trained in complex transactions.<\/li>\n<\/ul>\n<h5><strong>Mandate of the specialized entity<\/strong><\/h5>\n<p>This entity will be in the form of a company to monetize non-core assets, which is largely surplus land of ministries, departments, and PSUs.<\/p>\n<ul>\n<li>The new entity will undertake land transactions for PSUs and other government agencies <strong>for a fee<\/strong> and will act as an agency where land assets will be pooled before being sold off.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: The Hindu, TOI What is the news? After unveiling the Rs 6-lakh-crore asset monetization program, the government has accelerated efforts to separate surplus land. The government will soon seek Cabinet approval for setting up a specialized entity (special purpose vehicle, or SPV) to undertake such transactions for state-run companies, ministries and departments. The entity&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/government-prepares-plan-to-hive-off-surplus-land-of-psus-on-nmp-project\/\">Continue reading <span class=\"screen-reader-text\">Government prepares plan to hive off surplus land of PSUs (On NMP project)<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[8671,8942,8782,9277],"class_list":["post-129053","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-changes-in-industrial-policy","tag-fiscal-policies","tag-government-policies-and-interventions","tag-national-monetisation-pipeline","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704761434},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/129053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=129053"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/129053\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=129053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=129053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=129053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}