NLMC to facilitate e-auction of 459 surplus RINL land parcels in Visakhapatnam
Distilled Policy Brief
- The National Land Monetisation Corporation (NLMC), under the Department of Public Enterprises (DPE), Ministry of Finance, is facilitating the e-auction of 459 surplus land parcels of Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam.
- This initiative aligns with NLMC's core mandate to monetize underutilized, non-core land and building assets of Central Public Sector Enterprises (CPSEs) and other government agencies through a transparent, digitally-enabled bidding process.
- RINL (Visakhapatnam Steel Plant) is a Navratna CPSE under the Ministry of Steel, and the transaction is being facilitated using RailTel's e-procurement platform with Quikr India Private Limited as the transaction advisor.
🎯 Prelims High-Yield Examination Points
The National Land Monetisation Corporation (NLMC) is a 100% Government of India-owned company incorporated under the administrative control of the Department of Public Enterprises, Ministry of Finance, specifically tasked with the monetization of surplus land and non-core assets of CPSEs.
⚖️ Mains Analytical & Syllabus Linkages
Analyze the strategic importance of public asset monetization through specialized agencies like NLMC in unlocking capital from idle government land, reducing fiscal deficits, and funding greenfield infrastructure projects under the National Monetisation Pipeline.
🎯 UPSC Prelims Practice Drill
With reference to the bilateral research and industrial cooperation engagements between India and Germany, consider the following statements: 1. Roundtables held with German research organizations, such as the Fraunhofer Institutes, prioritized key fields including microelectronics, power electronics, and smart manufacturing. 2. Expanding industry-academia innovation networks and collaboration in battery technologies form key components of the enhanced strategic cooperation. Which of the statements given above is/are correct?
- [A] 1 only
- [B] 2 only
- [C] Both 1 and 2
- [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
Both statements are correct. High-level roundtables with German research institutes, including Fraunhofer Institutes, focused on microelectronics, power electronics, smart manufacturing, battery technologies, and logistics. Furthermore, the engagement emphasized strengthening industry-academia innovation networks, science and technology cooperation, and advanced manufacturing capabilities between India and Germany.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.