Enemy Property-amendment-and-validation-act-2017

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Sale of 'enemy shares': Those who fled to Pakistan left behind a treasure trove for govt to bankroll infrastructure projects
Business

Sale of 'enemy shares': Those who fled to Pakistan left behind a treasure trove for govt to bankroll infrastructure projects

The government has decided to sell the shares in Indian companies left behind by those who migrated to enemy countries.

Centre begins process of selling 9,400 enemy properties to enrich its coffers by about Rs 1 lakh crore
India

Centre begins process of selling 9,400 enemy properties to enrich its coffers by about Rs 1 lakh crore

In a bid to enrich its coffers by about Rs 1 lakh crore, the government has started the process of monetisation of more than 9,400 enemy properties by issuing guidelines and directing the office of the custodian to submit a list of all such movable and immovable assets within three months, officials said.