FAQ: What are enemy properties and why is the govt planning to sell them?

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Law Minister Ravi Shankar Prasad said the proceeds from sale of enemy property will form part of the divestment receipts. Enemy property refers to property or assets held or managed on behalf of an enemy subject or an enemy company. Properties belonging to Pakistani and Chinese citizens when India was at war with these countries are referred to as enemy properties. The law empowered the Custodian of Enemy Property of India (CEPI) to manage and preserve the enemy propertiesWhat are the recent developments around this? Sale proceeds from this may be used for development and social welfare programmesWhat are the other enemy properties?

^{Authors: Vandana Ramnani | Date: . | Publisher: https://www.moneycontrol.com | Hindustan Bot Works™ Presentation}