Cabinet secretary Rajiv Gauba has referred to as a gathering on Friday of secretaries from 12 key ministries to debate their detailed roadmap with clear timelines for monetising belongings resembling energy traces, fuel pipelines, roads, and railway belongings amongst others. The assembly may even search an evidence from the ministries that missed the FY22 monetisation goal, individuals with data of the matter advised ET.
Officials from the ministries of petroleum and pure fuel, telecommunication, railways, ports, delivery and waterways, civil aviation, energy, coal, mines, highway transport and highways, tourism, sports activities and meals, and public distribution are more likely to attend the assembly. Finance ministry officers may even be current on the assembly. “This year the target is high. While this is achievable, the mandate is to start working early on the monetisation plan,” stated an official.
‘Detailed Presentations’
“All the ministries have been asked to come up with detailed presentations on the future roadmap regarding asset monetisation, with clear deadlines,” the official stated. The cupboard secretary may even evaluate the efficiency of all ministries within the final fiscal. Against the goal of Rs 88,190 crore for FY22, the federal government monetised belongings price Rs 96,000 crore.
“While coal and mining sector and even highways did well, some ministries like railways, warehousing and telecom have not done well,” stated the official. “So, they are required to enhance their efforts.”
Earlier this month, finance minister Nirmala Sitharaman had reviewed the implementation of the National Monetisation Pipeline (NMP) together with the Niti Aayog, which had been tasked to assist ministries in figuring out belongings. The NMP was introduced in August 2021 by Sitharaman to unlock worth in infrastructure belongings throughout sectors in brownfield initiatives by participating personal sector individuals or transferring to them income rights for a hard and fast interval.
