Land Monetisation Policy On Hold Due To Price Drop After Covid: Army Chief
MM Naravane addressed a press conference ahead of Army Day on January 15.New Delhi: The Army has held back implementation of land monetisation policy as land prices have come down because of the coronavirus pandemic, Chief of Army Staff Gen MM Naravane said on Tuesday.Addressing a press conference ahead of Army Day on January 15, he said the process to implement the monetisation of land for equal value infrastructure will be taken forward once the situation improves.Gen Naravane welcomed the government's land monetisation policy saying it will help the three services in overcoming budgetary constraints.Under the land monetisation framework, government agencies and departments were allowed to use their land holdings to generate revenue or create infrastructure without burdening the state...