Asset monetisation

Govt should reassess the plan

The Union government’s asset monetisation plan seems to be facing resistance from government departments and public sector enterprises (PSEs). According to a news report, PSEs in the oil and gas sector, such as Hindustan Petroleum Corporation, Indian Oil Corporation, and GAIL, may not go ahead with the pipeline monetisation plan. Another report suggested the Ministry of Railways and Department of Telecommunications are also lowering their target for asset monetisation, and will depend more on internal resources and budgetary support for investment. The government’s target of mobilising Rs 1.62 trillion in the current fiscal year would thus become difficult to achieve.