Team Adda247 and BankersAdda are here with a Current Affairs Special Series. In this series, candidates will be introduced to current affairs topics daily, which will not only improve their general awareness but also will ensure that the candidates do not lack in any current affairs topic. Today’s Current Affairs topic is Rs.6 Lakh crore National Monetisation Pipeline.
Rs.6 Lakh crore National Monetisation Pipeline
Finance Minister Nirmala Sitharaman has announced Rs.6 lakh crore National Monetisation Pipeline (NMP). It contains a 4-year pipeline of brownfield infrastructure assets of the Central Government. National Monetisation Pipeline will help to a medium-term road map for the asset monetization initiative of the Government of India.
NITI Aayog CEO Amitabh Kant said the government will monetize assets worth Rs. 6 lakh crore between 2021-22 and 2024-25 under the NMP scheme. He said the plan has been prepared after extensive consultations with related parties would “unlock the value of government investment and public money in infrastructure”.
To the point:
- Rs.20, 800 crore will be monetised from Aviation Sector
- Rs.35, 100 crores will be monetized from the telecom sector
- Rs.1, 50,000 crore will be monetised from the railway sector
- Rs.1, 60, 000 crore will be monetised from the roads sector
- Rs.45, 200 crore will be monetised from the transmission sector
With this scheme central government has also planned to monetize by selling 15 railway stadiums, 25 airports an existing stake in other airports, and 160 coal mining projects.
In 2021-22 union budget government laid a lot of emphasis on asset monetization as a means for raise innovative and alternative financing for infrastructure and included a number of key announcements. From selling power transmission assets the government wants to raise Rs.45, 200 crores by the financial year 2025 which is a part of its ambitious asset monetization plan. The potential of monetization is available in this category of long-distance transmission assets.
Government eyes on sale of Bharat network tower infra partially. The government has an intention of realizing Rs.35, 100 crore from the partial sale of Bharatnet fiber assets and around 13, 500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline.