Finance Minister Nirmala Sitharaman launched the National Monetization Pipeline Program in New Delhi on Monday.
New Delhi. Finance Minister Nirmala Sitharaman on Monday launched the National Monetization Pipeline (NMP) program in New Delhi. Speaking on the occasion, the Finance Minister said that it is important that India understands that the time has come to make the most of our wealth.Also Read:Disney hotstar new plans to go live from 1 september all you need to know
According to the Finance Ministry, the National Monetization Pipeline has projected a total monetization potential of Rs 6 lakh crore through core assets of the central government over a period of 4 years from FY 2022 to FY 2025. The Ministry of Finance said that the Ministries of Roads, Transport and Highways, Railways, Power, Pipelines and Natural Gas, Civil Aviation, Shipping Ports and Waterways, Telecommunications, Food and Public Distribution, Mining, Coal and Housing and Urban Affairs are included in the National Monetization Pipeline. Huh.Also Read: EPFO: PF Customar Follow this new rule to receive benefits worth rs 7 lakh
What is the NMP Program In the
National Monetization Pipeline, the central government is planning to raise money from its Brownfield Infrastructure Assets. NMP is a scheme made according to the 4-year plans of the central government. The NMP program can be called a medium-term road map according to the Government’s Asset Monetization Initiative.Also Read: Farmer latest news one district one product Scheme benefits for Farmers central Govt approved list of 33 Districts Products
Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), said earlier this month that the government was finalizing infrastructure assets worth Rs 6 lakh crore, including national highways and power grid pipelines, whose Monetization will be done. “A national monetization plan of about Rs 6,000 crore is underway, which will have multiple assets from pipeline to power grid pipeline and from national highway to TOT (toll-operate-transfer) and so on,” he had said.Also Read : New Wage Code: If you work more than 30 minutes then you will get overtime, rules will change from October 1