The Economic Survey 2021-22 states that the government has set up NLMC to fast track monetisation of land and non-core assets of public sector entities. What is the initial authorised share capital of NLMC?

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Rs 4, 000 crore
B	Rs 5, 000 crore
C	Rs 2, 000 crore
D	Rs 3, 000 crore

Explanation:

Detailed explanation-1: -The Union Cabinet has approved the creation of the National Land Monetisation Corporation (NLMC). The Union Finance Minister had announced in the Union Budget 2021-22 it as a Special Purpose Vehicle (SPV) to carry out monetisation of government and surplus land holdings of public sector undertakings (PSU).

Detailed explanation-2: -Economic Survey Theme The preface of the Economic Survey 2022 stated that the “Agile approach” was based on feedback loops, real-time monitoring of actual outcomes, flexible responses, safety-net buffers and so on. Along with the sectoral chapters, the Survey document also adds new need-based chapters that need focus.

Detailed explanation-3: -Core assets can include equipment, machinery, factories, and distribution channels, such as vehicles. Core assets can also include a trademark or a patent. Conversely, non-core assets are the assets that are not critical to the production of a company’s goods, nor are they critical to generating revenue.

Detailed explanation-4: -NEW DELHI : Monetization of non-core assets including land, real estate and infrastructure is being transferred from the department of investment and public asset management (DIPAM) to the department of public enterprises (DPE) within the finance ministry.

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