FM Nirmala Sitharaman launches National Monetisation Pipeline scheme
Scheme to monetise assets worth Rs 6 lakh crore by 2022-25
New Delhi, Aug 23: Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.
She also said the asset monetisation does not involve selling of land and it is about monetising brownfield assets.
Projects have been identified across sectors, with roads, railways and power being the top segments.
"NMP estimates aggregate monetisation potential of Rs 6 lakh crores through core assets of central government over the four-year period from FY 2022 to FY 2025," she said. "Ownership of assets will remain with the government and there will be a mandatory hand-back."
Asset monetisation will unlock resources and lead to value unlocking, she said.
Union Budget 2021-22 had identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing.
Towards this, the Budget provided for preparation of a 'National Monetisation Pipeline' of potential brownfield infrastructure assets. NITI Aayog in consultation with infra line ministries has prepared the report on NMP.
The aggregate asset pipeline under NMP over the four-year period is indicatively valued at Rs 6 lakh crore. The estimated value corresponds to 14 per cent of the proposed outlay for Centre under the National Infrastructure Pipeline (Rs 43 lakh crore).
The end objective of this initiative is to enable "infrastructure creation through monetisation" wherein the public and private sector collaborate, each excelling in their core areas of competence, so as to deliver socio-economic growth and quality of life to the country's citizens, she added.
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Bengaluru records coldest December night in eight years at 13.30C, says IMD
Bengaluru: Bengaluru experienced its coldest December night in eight years, with the minimum temperature dropping to 13.3 degrees Celsius on December 13, according to the India Meteorological Department (IMD).
According to the report published by The New Indian Express on Tuesday, IMD data shows that this is the lowest minimum temperature recorded in the city since 2016. The all-time lowest December temperature in Bengaluru was 8.9 degrees Celsius on December 29, 1883. In recent years, the city recorded 12 degrees Celsius in December 2016 and 12.8 degrees Celsius in December 2011.
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IMD officials reportedly said, day temperatures in Bengaluru and other parts of south-interior Karnataka will dip further in the coming days. They also forecast light drizzle in some parts of the region over the next few days.
“There will be a slight rise in night time temperatures from Monday, December 15, 2025, because of the prevailing south easterly winds. These winds will lead to the formation of a thin cloud cover and layer of water vapour over the atmosphere. The moisture level in the atmosphere will increase, leading to a dip in the day temperatures and a slight rise in the night temperatures from the prevailing 14 degrees Celsius,” TNIE quoted IMD senior scientist CS Patil as saying.
However, once these winds weaken, northerly and north-easterly winds are expected to return, which could lead to another drop in night temperatures. Officials allegedly said that Karnataka may see a longer and drier winter spell this year compared to previous seasons.
