Government Sells Enemy Properties Worth Rs 2,930 Crore by January 28

• The Indian government has sold movable and immovable enemy properties valued at Rs 2,930 crore as of January 28.
• Enemy properties are assets left by individuals who acquired citizenship of Pakistan and China, primarily between 1947 and 1962.
• Minister of State for Home Affairs Bandi Sanjay Kumar stated that disposal and monetization follow the Enemy Property Act, 1968.
• Steps to fast-track monetization include appointing district magistrates, SDMs, and tehsildars as ex-officio custodians/inspectors.
• To attract bidders, the pre-bid earnest money deposit has been reduced to 5% and the payment period extended to 120 days.