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DEFENCE LAND MONETISATION
The Adani stock Morgan Stanley thinks could benefit most from India’s infrastructure pushMorgan Stanley has initiated coverage on Adani Enterprises with an Overweight rating and a target price of Rs 3,638, implying a 23% upside....- Star Wars: How India’s spacetech-defence ties are shaping the futureSpaceX’s IPO filing underscores how space has evolved from exploration to a strategic domain central to national security, communications a...
- Benchmark military spending at 3% of GDP, create non-lapsable modernisation fund: EY reportA recent EY report suggests India should allocate 3% of its GDP to military spending. The report recommends creating a non-lapsable defence...
- Defence ministry looking at steps to lease land to monetise assets; services' views soughtThe defence ministry is seeking ways to better utilise its surplus land, potentially for revenue generation through activities such as publ...
- After Japan, Hudco looks to tap Singapore, Taiwan for funds"Japan was the maiden attempt to raise funds via external commercial borrowing, and we have been received very well. There is a good arbitr...
- CPSEs to give complete list of land parcels assets to NLMC by June 30At the review meeting, NLMC had highlighted that many CPSEs were yet to furnish latest records of their land parcels, offices and buildings...
- Lack of CEO at NLMC delays Rs 28,000 crore land monetisationOfficials aware of the matter told ET that many CPSEs and ministries have shared a list to offer their surplus lands for monetisation, incl...
- Inside Indian Railways' Rs 700 crore a year gambleThe Railways is India’s biggest landlord, with the Ministry of Defence coming a distant second. The Railways owns 4,780 sq km of land — it ...
- Finance Ministry to seek Cabinet nod for setting up company to monetise land assets of privatisation-bound CPSEsA special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to th...
- Give half of defence land sale proceeds to forces: Finance MinistryThe government has given an in-principle approval to creating a non-lapsable defence modernisation fund but details are still being worked ...
- Govt rolls up sleeves for divestment in banks and insurance cos, monetisation of PSUs assetsStake sales in companies including Air India, Bharat Petroleum Corporation, Shipping Corp of India, Concor and IDBI Bank is expected to be ...
- Budget 2021: 41% of central tax to states, separate fund for defence buysThe Centre on Monday stuck to the 15th Finance Commission’s recommendation to share 41% of tax receipts with states, while accepting in pri...
- MoD sets new rules for land transfer to reduce armed forces' expenditureUntil now, land needed for important public works, like roads and railways, could either be exchanged for land of equivalent value, or in r...
- Fifteenth Finance Commission may suggest cess on direct taxes for defence fundET learns from multiple sources that the FFC, which is scheduled to submit by the end of October its report and recommendation on how union...
- Defense cap acquisition: I-T cess, bonds and land monetisation on panel’s tableAn expert group tasked with finding alternate ways to fund defence capital acquisitions is unlikely to make levying of cess on income tax a...
- Heavy Engineering Corporation to spend Rs 2,300 crore over 3 years to revamp equipmentHEC is one of the companies among other public sector undertakings like Bharat Earth Movers Limited (BEML), Hindustan Aeronautics Limited (...
- Nilesh Shah’s Budget: Levy wealth tax, estate duty on HNIs; acquire undeclared real estate"It is necessary to expand the tax base, as the tax burden is unequally distributed between the salaried class and others," says MD of Kota...
- Reliance Group gets DIPP's nod for defence manufacturingAnil Ambani moved a step closer to realising his defence ambitions as DIPP gave 11 conditional licences sought by eight subsidiaries of the...
- Monetise unproductive assets of PSUs: Arun ShourieHe said that there were seven banks in the country which were heavily burdened with NPAs (non-performing assets).
- In Delhi, Army loses Lutyens territory; govt plans to build war museum, apartments in Princess ParkArmy has been asked to vacate a World War II barrack on prime land in Lutyens Delhi, unless it is able to offer a gainful redevelopment pla...
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