The National Land Monetisation Corporation (NLMC) will be set up as a wholly-owned Government of India company with an initial authorised share capital of Rs 5,000 crore and paid-up share capital of Rs 150 crore. The approval to amend the MMDR Act would ensure auction of mineral blocks in respect of glauconite, potash, emerald, platinum group of metals, andalusite and molybdenum thereby reducing imports of these minerals.

As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the Deloitte report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies.

Candidates should not be less than 45 years and the selected person would be responsible for NARCL's strategic direction to generate maximum value for shareholders.

The government has set up a task force consisting of senior government officials to give recommendations on ways to manage the rise in prices of petroleum products in India, reported Mint. The task force is thought to suggest a mixture of VAT and excise liability reductions.