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Finance minister Sitharaman unveils Rs 6L crore national asset monetisation plan – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Monday launched a four-year street map for a Rs 6-lakh-crore asset monetisation plan. A big chunk of this might be by way of brownfield property of central ministries and public sector entities throughout roads, railways and energy.
The FM made it clear that the plan solely entails brownfield tasks and never land and in addition promised to provide incentives to states for endeavor disinvestment and asset monetisation. “Possession of property stays with the federal government and there might be a compulsory handback, which suggests they must give again after a specified time. Let there be no confusion that this authorities is promoting away. No. These brownfield property will nonetheless be the possession of the federal government,” Sitharaman stated, whereas unveiling the street map, which is an important factor together with privatisation of state-run corporations for elevating assets to push progress and create jobs towards the backdrop of the pandemic.
The FM, within the 2021-22 Finances speech, had introduced the launch of asset monetisation programme as a funding mechanism for larger infrastructure spending. The federal government has already introduced a Rs 100-lakh-crore nationwide infrastructure pipeline. The national asset monetisation pipeline has been developed by NITI Aayog, in session with infrastructure ministries.
The property embrace roads and highways, pipelines, energy transmission traces, telecom towers, railways station re-development, non-public trains, tracks, items sheds, devoted freight hall, 15 railways stadiums, 25 airports, 31 tasks in 9 main ports, 160 tasks in coal mining, 761 mineral mining blocks, two nationwide stadia, re-development of colonies and hospitality property NITI Aayog CEO Amitabh Kant stated there are over 20 asset courses throughout 12 ministries, which have been recognized for the pipeline and these are brownfield derisked property, which might be supplied for personal funding. Sitharaman stated the Centre will incentivise states to undertake disinvestment of PSUs and asset monetisation and outlined a three-point plan.
States, which elevate cash by way of disinvestment of state PSUs or hand over management, might be given an equal quantity by the Centre.



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