{"id":131311,"date":"2021-09-03T20:28:24","date_gmt":"2021-09-03T14:58:24","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=131311"},"modified":"2021-09-04T17:37:05","modified_gmt":"2021-09-04T12:07:05","slug":"centre-plans-psu-land-sale-worth-more-than-rs-600-crore-via-e-bidding","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/centre-plans-psu-land-sale-worth-more-than-rs-600-crore-via-e-bidding\/","title":{"rendered":"Centre plans PSU land sale worth more than Rs 600 crore via e-bidding"},"content":{"rendered":"<p><strong>What\u2019s in news?<\/strong><\/p>\n<p>The Center is planning to sell parcels worth more than \u20b9600 crores of public sector undertakings via the e-bidding platform. Further, the government also aims to sell non-core assets worth \u20b910000 crores through this platform.<\/p>\n<p><strong>About the PSU land sale:<\/strong><\/p>\n<figure id=\"attachment_131324\" aria-describedby=\"caption-attachment-131324\" style=\"width: 466px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-131324\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/09\/PSU-Land-sale.png?resize=466%2C400&#038;ssl=1\" alt=\"PSU Land sale\" width=\"466\" height=\"400\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/09\/PSU-Land-sale.png?w=848&amp;ssl=1 848w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/09\/PSU-Land-sale.png?resize=300%2C258&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/09\/PSU-Land-sale.png?resize=768%2C659&amp;ssl=1 768w\" sizes=\"auto, (max-width: 466px) 100vw, 466px\" \/><figcaption id=\"caption-attachment-131324\" class=\"wp-caption-text\">Source: Business Standard<\/figcaption><\/figure>\n<p>The government is looking\u00a0to push the <strong>sale of idle assets<\/strong> of PSUs. The sale will be managed by the<strong> Department of Investment and Public Asset Management (DIPAM)<\/strong>.<\/p>\n<p>The <strong>valuation and reserve price of assets<\/strong> are also <strong>fixed<\/strong>. The <strong>sale of assets will be done through<\/strong> the <strong>new e-bidding platform developed by state-run MSTC<\/strong>.<\/p>\n<p>This is on the lines of the National Monetisation Pipeline, but this sale <strong>would only include non-core assets<\/strong>. Unlike the NMP, however, the <strong>ownership of assets will be transferred in the case of PSU land sale<\/strong>.<\/p>\n<p>In the first phase land assets of BSNL, MTNL, BEML, and Shipping Corporation of India (SCIL) would be put on the block. The first sale will be of litigation-free assets.<\/p>\n<p>DIPAM is also planning to set up a <strong>Special Purpose Vehicle (SPV)<\/strong> to sell litigation-marred land assets of public sector undertakings and government departments.<\/p>\n<p><strong>Source:<\/strong> The post is based on the article \u201c<strong>Centre plans PSU land sale worth more than Rs 600 crore via e-bidding<\/strong>\u201d published in <strong>Business Standard<\/strong> on <strong>3rd September 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What\u2019s in news? The Center is planning to sell parcels worth more than \u20b9600 crores of public sector undertakings via the e-bidding platform. Further, the government also aims to sell non-core assets worth \u20b910000 crores through this platform. About the PSU land sale: The government is looking\u00a0to push the sale of idle assets of PSUs.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/centre-plans-psu-land-sale-worth-more-than-rs-600-crore-via-e-bidding\/\">Continue reading <span class=\"screen-reader-text\">Centre plans PSU land sale worth more than Rs 600 crore via e-bidding<\/span><\/a><\/p>\n","protected":false},"author":10311,"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":[499,9502,8896],"class_list":["post-131311","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-land-reforms","tag-psu-land-sale","tag-public-sector-undertakings","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704936844},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/131311","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\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=131311"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/131311\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=131311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=131311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=131311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}