Thursday, May 19, 2022

Rs 6 trillion asset monetisation plan to be unfurled by Sitharaman today

Union Finance minister Nirmala Sitharaman will launch the National Monetisation Pipeline (NMP) today, listing out the Centre’s infrastructure assets to be sold over the next four years. 

An official press release by NITI Aayog said “The NMP comprises a four-year pipeline of the central government’s brownfield infrastructure assets. Besides providing visibility to investors, NMP will also serve as a medium-term roadmap for the asset monetisation initiative of the government.”

NITI Aayog has also developed an asset monetisation dashboard for monitoring real-time progress of NMP.

Sitharaman will release the National Monetisation Pipeline book which has been prepared by Crisil Infrastructure Advisory. The NMP book will be released in the presence of NITI Aayog Vice-Chairman Rajiv Kumar, NITI Aayog CEO Amitabh Kant, and Secretaries of relevant ministries whose assets constitute the monetisation pipeline.

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey had earlier this month said that the government is finalising Rs 6 lakh crore worth infrastructure assets, including national highways and power grid pipelines, which would be monetised. 

“A national monetisation plan of about Rs 6 trillion is in the offing which will have a range of assets from pipelines to power grid pipelines to national highways, ToT (toll-operate-transfer) and so on,” Pandey had said. 

The Union Budget 2021-22 laid a lot of emphasis on Asset Monetisation as a means to raise innovative and alternative financing for infrastructure and included a number of key announcements. 

Nirmala Sitharaman, in her 2021-22 Budget speech, had said monetising operating public infrastructure assets was a very important financing to fund creation new infrastructure.


Read More

Delhi Lt Gov Anil Baijal has resigned, say sources

Delhi Lieutenant Governor Anil Baijal has submitted his resignation to President Ram Nath Kovind citing "personal reasons", sources told NDTV on Wednesday. A retired civil...
Support Us
Contribute to see NewsBred grow. And rejoice that your input has made it possible.