Sitharaman To Launch National Monetisation Pipeline On Aug 23
- ByAyushi Ray | August 23, 2021
Finance Minister Nirmala Sitharaman to launch the National Monetisation Pipeline on Aug 23. According to the NMP, the Center will announce it’s assets that has to be sold over the next four years. NITI Aayog’s chief executive officer Amitabh Kant, vice chairperson Rajiv Kumar and other senior officials can also be a part of the launch event. According to the NITI Aayog, the NMP consists of a four-year pipeline of the Centre’s brownfield infrastructure assets. Apart from providing visibility to investors, the NMP will also serve as a medium-term road map for the Centre’s asset monetisation initiative. This year’s budget has 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, the Niti Aayog said in its statement on Sunday.
Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM), said earlier this month the Centre was finalising ₹6 lakh crore of infrastructure assets, including national highways and power grid pipelines, which would be monetised, according to news agency PTI. “A national monetisation plan of about ₹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 added. As the word suggests, asset monetisation comprises the creation of new sources of revenue by unlocking of the value of hitherto unutilised or underutilised public assets, according to the DIPAM’s website. Globally, it is recognised that public assets are an important source for all economies. “Monetising these assets that Government’s control, including in Public corporations, is widely held to be a very important but inadequately explored public finance option for managing public resources,” DIPAM further says.
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