Cabinet Approves formation of National Land Monetisation Corporation (NLMC)
Cabinet has approved National Land Monetisation Corporation (NLMC) formation. Aim: to handle the sale of surplus land and buildings of the government, its agencies, and Central Public Sector Enterprises (CPSEs). NLMC: It will be a wholly-owned central government entity. Initial authorised share capital: Rs 5,000 crore. Paid-up share capital: Rs 150 crore. It will be a lean organisation with minimal […]
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