A report by Institutional Investor Advisory Services (IiAS) last month says that the company has defaulted on loans to the tune of Rs 3,561 crore as on March 31, 2022
Whether or not the government succeeds will depend on how successfully it controls the bureaucracy involved in the scheme.
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The total estimated capex towards these projects stands at Rs 14,483 crore between FY22-FY25
The central government should help the poor and the middle class instead of giving away the assets created in the past 70 years to the private sector at throwaway prices, Sachin Pilot said
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The BJP on Tuesday cited the previous Congress government's efforts to monetise different assets to wonder if the party was then trying to "sell" the country
Congress leader Rahul Gandhi on Tuesday questioned the move of the government to monetise its assets across key sectors, saying all assets created in the last 70 years are being sold
Trinamool Congress Tuesday lashed out at the newly unveiled National Monetisation Pipeline calling it a "dangerous bid" by the "bankrupt" Narendra Modi government to raise money
The Congress described the govt's infra monetisation plan as "legalised loot and organised plunder", alleging that invaluable public assets created over decades are being handed over to a chosen few
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The rating agency said the asset monetisation potential is supported by healthy investor interest either through investment at asset level, or infrastructure investment trusts (InvITs).
InvIT to be floated by the end of next fiscal year
In the Union Budget, Finance Minister Nirmala Sitharaman had outlined the government's intent to monetise surplus public lands by way of direct sales, concessions or other means
Critical contractual changes may help the long delayed plan to redevelop New Delhi Railway Station finally get off the ground and offer a template for similar projects
Proceeds from this would be used to pay higher dividend, depending on the profit recognised on such sale of assets or capital expenditure layout, the company said
Industry players say, currently, investors prefer existing funds with a reasonable performance track record over new scheme launches