Will the Government of India’s asset monetisation plan of surplus land lead to economic development of the country? Critically Analyse (200 Words)
Refer - Business Line
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Dev 4 years
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IAS Parliament 4 years
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IAS Parliament 4 years
KEY POINTS
· The idea of monetising non-core assets or surplus land is not new. It has been spoken about at various forums and it did find favour with many eminent thinkers.
· PSUs often have vast parcels of land, PSUs that must be closed down because they are running perpetually in loss and have no potential buyers, land is their only asset.
· When privatising PSUs, their valuation can get distorted on account of this surplus land. The solution once again is to hive off the surplus land and deposit into the land bank.
· Therefore, the government must then separately auction the land from the land bank on a continuous basis.
· It will be in the performance matrix based on which marks will be allocated to CPSEs for the asset monetisation done, then subsequently for its execution also.
Administrative issues
· Proper utilisation of funds from land monetisation.
· Procedure to handle the resources by the states.
· Concerned department’s responsibility remain unaddressed.
Way forward
· The government needs to ensure that the funds so generated are either used for infrastructure development or social sectors or to further strengthen PSUs.
yuvaraj 4 years
kindly review thanks
IAS Parliament 4 years
Try to provide a complete conclusion. Keep Writing.
Ashutosh 4 years
Sir plz review it n give ur valuable feedback
IAS Parliament 4 years
Try to include the criticisms part and underline the key points. Keep Writing.
