Surplus land of PSUs to be shaved off by government

The government is now planning to hive off surplus land in an attempt to ramp up asset monetisation. Cabinet approval will also be sought in order to set up a specialised entity (special purpose vehicle, or SPV) to undertake such transactions for state-run companies, ministries and departments. This entity will also look after land transactions of state-run firms that have closed or are facing closure.

from Economy-News-Economic Times https://ift.tt/3kwGJ8C