Delhi Approves Ex Gratia Relief For Farmers:
The Delhi government has lately granted farmers Rs 20,000 per acre. Unseasonal rains caused these farmers to lose money.
Highlights:
- Rainwater backed up in their fields, destroying the crops supposed to be gathered. For Rs 53 crores, the state government has set aside 29,000 acres.
- Unseasonal rains in September and October 2021 wreaked havoc on farmers around the capital. Due to the storms, water from adjacent drains overflowed onto the farms, causing extensive damage.
- The Delhi government has set aside compensation cash to solve the problem. A delegation from the state administration had been dispatched to survey the damage.
- The money was distributed following the team`s report. If the loss is less than 70%, the compensation will be paid at a rate of 70%.
- If the loss is greater than 70%, the compensation must be given in full. The Delhi government has undertaken research to determine the region`s crop acreage.
- According to the report, the area has 29,000 lands under cultivation. There are also 21,000 farmers in the area.
- The study also revealed the main worries of the region`s farmers. Crop loss, input expenses, the minimum support price, and so forth. The study`s findings have yet to be released.
###National Land Monetisation Corporation By Central Government
According to Economic Survey, the central government has established a "National Land Monetisation Corporation" to expedite the monetization of public sector land and non-core assets.
Highlights:
- CPSEs have so far referred 3,400 acres of land and other non-core assets for monetization to the government.
- CPSEs like MTNL, BSNL, BEML, BPCL, HMT Ltd, B&R, and Instrumentation Ltd have referred land.
- Because the needed skill set to accept management duty and monetization responsibility of non-core assets in government is limited, Finance Minister Nirmala Sitharaman announced the establishment of a Special Purpose Vehicle (SPV) in the 2021-22 Budget.
- The SPV was formed to efficiently and sensible monetize the land and non-core assets in conformity with worldwide best practices.
- The NITI Aayog oversees the monetization of core assets, while the Department of Investment and Public Asset Management oversees the monetization of non-essential assets (DIPAM).
National Land Monetisation Corporation:
- In accordance with the Budget statement, the National Land Monetisation Corporation (NLMC) is being established.
- It is being established as a wholly-owned subsidiary of the Indian government. The first approved share capital would be Rs 5,000 crore, with Rs 150 crore in subscribed share capital.
- It serves as an asset manager for lands controlled by the federal government and central government-owned businesses (CPSEs).
- It can invest, lease, rent, or monetize assets based on recommendations from a variety of sources.
- The development of assets for commercial or residential uses is unrestricted.
- According to the Economic Survey 2021-22, the Union government`s key assets have a total monetization potential of Rs 6 lakh crore during a four-year period, from 2021-22 to 2024-25.
- Roads, railways, oil and gas pipelines, power, and telecommunications account up 83 percent of the total value.
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