Government Bullish On Asset Monetisation Programme? Know What It Is Here

In the Union Budget 2021-22, the Centre had proposed to launch a National Monetisation Pipeline to assess potential value of under utilised assets.

In its Union Budget for 2021-22, the Centre had announced that several of its core assets will be rolled out for financial fruition under the Asset Monetisation Programme. While the Government has earmarked several blue-chip sectors under this programme, in the energy sector, oil and gas pipelines of Gas Authority of India Ltd, Indian Oil Corporation Ltd and Hindustan Petroleum Corporation Ltd are to be monetised. The Government plans to generate Rs 17,000 crore through monetising the abovementioned assets in the current fiscal (2021-22). To achieve this aim, Gas Authority of India Ltd has identified two pipelines and is in the process of setting up an infrastructure investment trusts or InvITs for the purpose.