Modi government might sell property of people who went to Pakistan during partition

Sep 15 2020 11:28 AM
Modi government might sell property of people who went to Pakistan during partition

New Delhi: To deal with the economic crisis caused by corona, the government should sell the properties of people who went to Pakistan during the partition of the country, which could benefit the government  more than Rs 1 lakh crore. The part-time member of PM Modi's Economic Advisory Council, Nilesh Shah, has suggested this to the government.

Nilesh has said that the Government should pay attention to the sale of properties to boost the economy and meet the current increased expenditure, which is more than one lakh crore rupees. He said both India and Pakistan had enacted laws to acquire property after the war in 1965. Pakistan has sold the enemy property of its country in 1971, but India is lagging behind 49 years in this case.

Addressing a webinar, Shah said, "You should be monetizing government property so that you have the money to spend further". Nilesh Shah is also the managing director and chief executive officer of Kotak Mutual Fund. He said the price of this enemy property was estimated at One lakh crore rupees three years ago. He said that this is the best time to remove encroachments and remove the anomalies in ownership by selling such properties. Shah said that 9,404 properties of this kind are in the country, which was made under the government-appointed Custodian in 1965.

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