financetom
Economy
financetom
/
Economy
/
Cash from trash: Govt earned Rs 600 crore, equal to Chandrayaan-3 budget, selling scrap till August
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cash from trash: Govt earned Rs 600 crore, equal to Chandrayaan-3 budget, selling scrap till August
Sep 12, 2023 12:20 AM

One may call it a new revenue stream for the Narendra Modi government. Nearly Rs 600 crore, equivalent to the budget of the Chandrayaan 3-mission, has been earned till August by the Centre by—believe it or not—selling scrap in the form of weeded-out files, condemned office equipment, and obsolete vehicles. This figure may well cross Rs 1,000 crore by October.

Share Market Live

NSE

The government will hold its Special Campaign 3.0 from October 2 till October 31, with a further focus on cleanliness and reducing pendency in the administration. A top government official told News18 that while Rs 371 crore was earned from a similar campaign run last year in October, the target this time in the third edition is hitting almost Rs 400 crore in revenue.

The government had earned Rs 62 crore from the first such exercise in October 2021. Since the last campaign ended in November, the government institutionalised the cleanliness drive as a constant exercise and has earned nearly Rs 20 crore each month.

This has resulted in clean corridors in government offices, steel almirahs full of files being cleared, and condemned vehicles being auctioned off. Figures with News18 show that nearly 31 lakh government files have been weeded out ever since the campaign first began around two years ago.

The amount of space freed in government offices is a whopping 185 lakh square feet as of date, details with News18 show. While a record 90 lakh square feet of space out of this was freed just during the Special Campaign 2.0 in October last year, the target this October is to free at least 100 lakh square feet.

The government had covered 1.01 lakh office sites in the last campaign and is planning to target nearly 1.5 lakh office sites in the third edition.

“The success of Special Campaign 2.0 has encouraged the government to plan a bigger campaign this year. All Ministries and departments of Government of India will participate in the campaign. A preparatory phase will be held from September 15 to September 30 and the implementation phase will be from October 2 till October 31. It envisages saturation of Swachhata in all offices of ministries and departments. Special attention shall be paid to field/outstation offices responsible for service delivery or having public interface,” says a government order.

Minister of state for personnel Dr Jitendra Singh will announce the campaign on September 14 in Delhi, News18 has learnt.

First Published:Sept 12, 2023 9:20 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Rises Early Thursday Ahead of Jobless Claims, Federal Reserve Appearances
US Dollar Rises Early Thursday Ahead of Jobless Claims, Federal Reserve Appearances
Mar 26, 2026
07:24 AM EDT, 03/26/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen, ahead of the release of weekly jobless claims at 8:30 am ET, followed by weekly natural gas stocks at 10:30 am ET and the Kansas City Federal Reserve's manufacturing reading for March at 11:00 am...
Brookings Institution paper charts path toward smaller Fed balance sheet
Brookings Institution paper charts path toward smaller Fed balance sheet
Mar 25, 2026
March 25 (Reuters) - If the Federal Reserve truly wants a smaller balance sheet, it can get there with regulatory changes, tweaks to the payment system and more frequent market interventions by the central bank, new research published by the Brookings Institution said on Wednesday. In a paper written by Darrell Duffie, professor of management and professor of finance at...
How the Trump administration is testing Fed independence on bank rules
How the Trump administration is testing Fed independence on bank rules
Mar 26, 2026
WASHINGTON/NEW YORK, March 26 (Reuters) - While U.S. President Donald Trump has been brazen in his demands for the historically independent Federal Reserve to lower interest rates, his administration is also trying to quietly steer the central bank's policy in another critical area: oversight of Wall Street banks.  Aiming to ease bank rules introduced after the 2008 crisis that it...
Wall Street bets US corporate earnings will withstand surging oil prices
Wall Street bets US corporate earnings will withstand surging oil prices
Mar 26, 2026
NEW YORK, March 26 (Reuters) - Wall Street is confident that strong corporate earnings will prop up stock prices that have slumped since the Iran war began and set oil prices surging, rekindling worries about inflation. The S&P 500 has dropped nearly 4% since the war began at the end of February, with oil prices jumping more than 30%. Despite...
Copyright 2023-2026 - www.financetom.com All Rights Reserved