The inefficiency of the outgoing government has created some opportunities for incoming Central government. One of them is the excess land which was part of VSNL at the time of the divestment by the government, At the time of the de-merged the land was to be returned by Tatas to the Government and the shareholders of VSNL by de-merging it into a separate company.
It was not visualized who will pay the stamp duty at the time of the de-merger. This issue was not resolved and this land bank was lying idle, If the government can resolve this issue and expedite the sale of the land/holding company it will be a source of funds.
The government could get funds to the tune of Rs 3000-5000 cr ( see here and here).
It was not visualized who will pay the stamp duty at the time of the de-merger. This issue was not resolved and this land bank was lying idle, If the government can resolve this issue and expedite the sale of the land/holding company it will be a source of funds.
The government could get funds to the tune of Rs 3000-5000 cr ( see here and here).
Rest assured that some real big sharks are at work on this. It is unfortunate that Khemka screwed up the happiness of many people and the election came in the way before the hassles could be resolved.
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