Cabinet gives a nod to NLMC reform
By MYBRANDBOOK
The Union Cabinet has approved the formation of National Land Monetisation Corporation (NLMC) as a wholly owned government of India company to fast track the monetisation of land and non-core assets of public sector entities.
NLMC will undertake monetisation of surplus land and building assets of Central Public Sector Enterprises and other Government agencies. The Centre allocated an initial authorised share capital of Rs 5,000 crore and paid-up share capital of Rs 150 crore for setting up NLMC.
There will be a Chief Executive Officer (CEO) and a technical team to facilitate land monetisation. There will be members from senior officials of the finance ministry, department of public enterprises, ministry of housing and urban affairs and independent directors from finance, real estate industry in the corporation.
The new entity will work as an asset manager for lands owned by the Union government and central public sector enterprises. The corporation will be allowed to raise capital from the equity market, based on the value of its leased assets.
The corporation will also develop concession agreements for land development and sale, legal management of litigation/encumbrances, development planning, design and bid process management.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
FIREBOLTT
HAVELLS INDIA LTD.
MATRIX COMSEC PVT. LTD.
STERLITE TECHNOLOGIES LTD.
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Natarajan Chandrasekaran
Natarajan Chandrasekaran is the Chairman of the Board of Tata Sons, th...
Technology Icons Of India 2023: Nikhil Rathi
Nikhil Rathi, Co-founder & CEO of Web Werks, a global leader in Data C...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...