What is the share of the Government of India in the lsquo National Land Monetisation Corporation NLM...........

Current GK ( Master) Financial System

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What is the share of the Government of India in the ‘National Land Monetisation Corporation (NLMC)’?

100 per cent

90 per cent

75 per cent

60 per cent

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Explanation:

Answer: [1] 100 per cent
The government has set up a National Land Monetisation Corporation (NLMC) to fast-track monetisation of land and non-core assets of public sector entities, as per the Economic Survey. NLMC is being incorporated as a 100 per cent Government of India owned entity with an initial authorised share capital of Rs 5,000 crore. CPSEs have referred 3,400 acres of land and other non-core assets for monetisation, so far.