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Enemy properties

Topics Covered:

  1. Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

 

Enemy properties

 

What to study?

  • For Prelims: Meaning of enemy properties and key features of the enemy properties act.
  • For Mains: Significance and key features of the act.

 

Why in News? The government has sold enemy shares worth around Rs 1,150 crore in IT major Wipro to LIC and two other state-owned insurers.

 

What are enemy properties?

  • Enemy properties are those properties that were left behind by the people who took citizenship of Pakistan and China.
  • There are 9,280 such properties left behind by Pakistani nationals and 126 by Chinese nationals.
  • Of the total properties left behind by those who took Pakistani citizenship, 4,991 are located in Uttar Pradesh, the highest in the country. West Bengal has 2,735 such estates and Delhi 487.
  • The highest number of properties left by Chinese nationals is in Meghalaya (57).West Bengal has 29 such properties and Assam seven.
  • The estimated value of all enemy properties is approximately Rs 1 lakh crore.

 

Enemy properties Act:

  1. After the Indo-Pakistan War of 1965, the Enemy Property Act was enacted in 1968, which regulates such properties and lists the custodian’s powers.
  2. The government amended the Act in the wake of a claim laid by the heirs of Raja Mohammad Amir Mohammad Khan, known as Raja of Mahmudabad, on his properties spread across Uttar Pradesh and Uttarakhand.
  3. The government has vested these properties in the Custodian of Enemy Property for India, an office instituted under the Central government.

 

Sources: the hindu.