News Brief
National Monetisation Pipeline Only Includes Assets Of Centre, State Assets Out Of Its Purview As Of Now: FM Sitharaman
Swarajya Staff
Nov 16, 2021, 12:48 PM | Updated 12:48 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Union Finance Minister Nirmala Sitharaman on Monday (15 November) said that the recently launched National Monetisation Pipeline (NMP) includes only central government assets and that the assets of the state governments have been out its purview as of now.
Sitharaman made the remarks while interacting with Chief Ministers, Finance Ministers of all State and Lieutenant Governors of UTs via virtual conference on Tuesday.
The Union Finance Minister suggested that there is a significant potentially monetisable asset base in states which could be leveraged to enhance the capital available for new infrastructure creation and other social sector pressing priorities.
The launching of "National Monetisation Pipeline” of potential brownfield infrastructure assets was annouced by Finance Minister Nirmala Sitharaman in February this year during her budget speech.
Later in August, Sitharaman launched the asset monetisation pipeline of Central ministries and public sector entities. The pipeline has been developed by NITI Aayog, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021-22.
The aggregate asset pipeline under NMP over the four-year period, FY 2022-2025, is indicatively valued at Rs 6 lakh crore.
The top 5 sectors (by estimated value) capture nearly 83 per cent of the aggregate pipeline value. These top five sectors include: Roads (27 per cent) followed by Railways (25 per cent), Power (15 per cent), oil & gas pipelines (8 per cent) and Telecom (6 per cent).
In terms of annual phasing by value, 15 per cent of assets with an indicative value of Rs 88,000 lakh crore are envisaged to be rolled out in the current financial year (FY 2021-22).
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.