NEW DELHI, May 20 -- Standardized valuation, identification of surplus land and norms for the transfer, exchange, lease and commercial sale of land are among the key features of a new framework that the Centre has put in place to unlock public land assets under the second phase of the Rs.16.7 lakh crore National Monetisation Pipeline (NMP 2.0), two government officials said. The Department of Expenditure has issued consolidated guidelines governing the transfer and alienation of Central government land to speed up the monetization, redevelopment and transfer of such assets, replacing the fragmented and decades-old rules followed separately by ministries and departments to support infrastructure creation and mobilize non-tax revenue, they sa...