Remonetisation

State-owned telecom firms BSNL and MTNL have earned a total of Rs 12,984.86 crore from monetisation of land, buildings, tower and fibre since 2019, Parliament was informed on Wednesday. According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in Lok Sabha, BSNL has earned Rs 2,387.82 crore and MTNL Rs 2,134.61 crore up to January 2025 from monetisation of lands and buildings. "BSNL and MTNL are monetising only those land and building assets which are not required for their own use in the foreseeable future and for which it has the rights to transfer the ownership," Sekhar said in a written reply. BSNL has earned Rs 8,204.18 crore and MTNL Rs 258.25 crore from monetisation of close assets comprising tower and fibre up to January 2025, as per the reply. "Monetisation of assets are being done as per approved policy of the Government and its impact on the PSUs are being monitored closely," Sekhar said.

Business Standard brings you the top headlines of the day

Business Standard brings the top headlines of the day

"National monetisation plan will have a range of assets from Power Grid pipelines to national highways, toll operate transfer (TOTs)," said Pandey

The final report of the task force on the NIP for 2019-2025 presented to Finance Minister Nirmala Sitharaman in April suggested steps like deepening bond markets

Jaitley said the move brought about a far greater movement towards digitisation

Currency in circulation up 1.7% in week ending March 31

Patel was confident that like demonetisation, remonetisation too would achieve its objectives

Government is now pushing and incentivising digital payments