MTNL Share: Important meeting begins, new guidelines may be made regarding BSNL-MTNL lands:

News Topical, Digital Desk : The government may soon simplify the process of transferring immovable assets (such as land and buildings) of government companies like BSNL, MTNL and ITI to other government ministries and departments. According to information received from sources, an important meeting has been called on this subject today under the chairmanship of the Cabinet Secretary.

What is the matter
The objective of the meeting is to decide the process by which the land and properties of these companies should be transferred. How should the market value of the property be decided? Will stamp duty be levied on property transfer or not? And what should be the guideline for the entire process?

What will be considered? The group of secretaries can finalize the new guideline on this issue today. Till now there were bureaucratic complexities in transferring these properties, but with the new policy this process can become faster and transparent.

Why is it necessary? Companies like BSNL, MTNL and ITI have valuable properties across the country, which are not being fully utilized. If these are transferred to other ministries, then it can be better utilized for government schemes and infrastructure projects.

What could be the impact The infrastructure and digital missions of the government will get a boost. Revenue or social use can be ensured from these properties. It can also help in increasing opportunities and cash flow for these companies.