The Inter-Ministerial Group (IMG) has recommended asset monetisation proposals worth more than ₹1,100 crore for consideration and approval by the Cabinet-delegated Alternative Mechanism (AM), according to a Ministry of Finance release.
The proposals mainly cover surplus land and building assets belonging to Central Public Sector Enterprises (CPSEs). According to the release, the recommendations aim to unlock value from surplus and underutilised public assets for productive use. The National Land Monetization Corporation (NLMC) facilitates these asset assessment, valuation and monetisation processes.
Following required approvals from the Alternative Mechanism, further monetisation activities will be carried out according to prescribed procedures.
What it means
- Proposals worth over ₹1,100 crore have been recommended for approval to the Alternative Mechanism.
Source
Press Information Bureau, Government of India, “Inter-Ministerial Group Recommends Asset Monetisation Proposals Worth Over ₹1,100 Crore for Approval by Cabinet-Delegated Alternative Mechanism”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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