Monetization of non-core assets including land, real estate and infrastructure is being transferred from the department of investment and public asset management to the department of public enterprises within the finance ministry. According to four people aware of the development, the transition has begun with the first step being the National Land Monetisation Corporation set up for monetizing non-core land …
The Narendra Modi government’s decision to bring the Department of Public Enterprises under the Finance Ministry from the Ministry of Heavy Industries & Public Enterprises is indicative of the desire to expedite and facilitate privatization. If the government succeeds in selling public sector undertakings, also called public enterprises and public sector enterprises, it will be a big boost to the …
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