India’s government said it will sell stocks worth millions of dollars seized from people who moved to Pakistan following partition in 1947 and the wars since, as a way to make up for a shortfall in revenues.
The Union Cabinet approved the mechanism and procedure for sale of over 6.5 crore "Enemy Shares" lying unutilised since 1968.
Union Home Minister Rajnath Singh directed expeditious notification of the rules of the Enemy Property Act 2017.
The Lok Sabha passed a bill to amend a law to guard against succession or transfer by heirs of property left behind by those who migrated to Pakistan and China.
Members of Congress, JD-U, CPI, SP gave dissent notes in the Select Committee report on amendments to the Enemy Property Act.