After the railways missed the target by a huge Rs 1.23 lakh crore for 2022-2025 and many other ministries raising issues on how these targets were set, the government is now taking a new approach for 2025-30 to improve accuracy and accountability.
A slew of factors such as lack of interest from the private sector, absence of an independent regulator and stringent regulations have weighed on the Railways' asset monetisation efforts.
The Economic Survey for 2023-24 said that in the last financial year, transactions aggregating to Rs 1.51 lakh crore in accruals or private investments were completed, 1.55 times those achieved in 2021-22.
Passengers have been complaining on social media of crowding and chaos at major international airports in the country since December 1, when a new set of travel rules were imposed amid concerns over the Omicron variant of the coronavirus.
PM Modi, who arrived here on Wednesday on an official visit to the US during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, held one-on-one meetings with CEOs of Qualcomm, Adobe, First Solar, General Atomics and Blackstone.
Addressing a press conference, Chidambaram said the Congress never sold off strategic assets. “We always ensured that there is no monopoly in monetisation as we chose assets based on criteria," he said.
Those opposing asset recycling should tell us whether they prefer the alternatives: higher taxes or a higher fiscal deficit
NITI Aayog CEO says the present changes can greatly help in making India a global drone hub by 2030
Anti-BJP politicians are alleging that the government is selling off State assets for a song. This is a lie
Rahul Gandhi accuses the Narendra Modi government of selling India's assets while forgetting that the National Monetisation Pipeline is a continuation of the UPA’s programmes
On August 23, the central government announced that it wants to raise Rs 6 lakh crore (approximately $81 billion) by monetising government-owned assets such as land, roads, stadiums, etc between FY22 and FY25 under the National Monetisation Pipeline (NMP) scheme. In this video, we decode how asset monetisation works and the assets that NMP will target to raise funds.
In today’s Moneycontrol Pro Panorama: Govt’s finance pinch, the monetisation mantra, Kirloskar Ferrous in top gear, IPOs hit the skids, gold the saviour, Chart of the Day and more
While the process of allowing private companies to operate trains and redevelop railway stations has started, the Indian Railways may make quicker progress in monetising freight terminals and development of railway colonies
Smooth implementation of the first Rs 10,000 crore will determine the fate of the Rs 6 trillion monetisation plan. Hence, achieving the first-year target of Rs 0.8 trillion is very important to build confidence in the market
Moneycontrol’s Yaruqhullah Khan caught up with India’s foremost infrastructure expert Vinayak Chatterjee to seek his view on the recently announced National Monetisation Pipeline (NMP). Here's what he thinks.
Private monopolies holding considerable sway over large swathes of infrastructure assets worth billions of dollars can result in inequitable consequences that can linger for decades
The asset monetisation pipeline shows the political will to privatise which will enthuse investors
The four-year leasing scheme announced on August 23 aims to monetise assets worth Rs 6 lakh crore between FY22 and FY25 and invest the proceeds in new infrastructure projects
The government has identified redevelopment of seven General Pool Residential Accommodation Colonies located in Delhi’s Sarojini Nagar, Naoroji Nagar, Netaji Nagar, Sriniwaspuri, Thyagraj Nagar, Mohammadpur and Kasturba Nagar, which involves an estimated Rs 32,276 crore investment.
The government is giving away assets worth crores made from the hard work of the people to its billionaire "friends", the Congress further alleged.
Given the low-interest rate scenario and markets touching new highs, the retail investor is looking for assets offering better yields and capital security
The potential asset base considered for monetisation under warehousing assets consists of storage depots, warehouses under the central sector agencies, Food Corporation of India (FCI) and Central Warehousing Corporation (CWC)," NITI Aayog said.
Divestment of Airports Authority of India's (AAI) residual stake in four airport JVs has also been considered under the national monetisation pipeline (NMP) unveiled on August 23.
Rs 15,000 crore expected to be monetised through urban real estate; close to Rs 29,000 crore is estimated from monetising warehouses and around Rs 11,450 crore from stadiums.
NMP will help improve liquidity to increase expenditure in infrastructure by the government, said FM Sitharaman.