Ground Report | New Delhi: Modi govt is selling everything; The Modi government at the Center is preparing to raise about Rs 6 lakh crore by leasing out government infrastructure assets like national highways, railway routes, stadiums, warehouses, power grid pipelines to the private sector for earning.
Modi govt is selling everything
Finance Minister Nirmala Sitharaman launched the National Monetization Pipeline (NMP) program on Monday evening. Nirmala Sitharaman said that the ownership of these assets will remain with the government, they will be given to the parties only to earn them, which they will return after a few years.
The National Monetization Pipeline is a scheme of the central government to earn from assets in the next 4 years. The private sector will develop a lot of such infrastructures and earn on it for many years. After a certain time, they will return these assets to the government.
What’s on sale
- 25 airports
- 26,700 km highway
- Hydroelectric and solar power plants of 6 GW capacity
- 160 coal mine projects
- 8,154 km of natural gas pipeline
- 2.86 lakh km of telecom fiber
- 14,917 Telecom Tower
- All warehouses with a capacity of 210 lakh metric tons
- 400 railway station
- 28,608 circuit kilometers of electricity
- Two national stadiums
- 7 residential colonies
- coal mines
Rahul Gandhi slammed the central govt
Congress leader Rahul Gandhi slammed the central government’s move to make money from its assets in key sectors, saying the Modi government’s “crown jewels” made in the 70 years of previous governments were public money. In the process of selling from.
Addressing a press conference here with former Union Finance Minister P Chidambaram, he said that the BJP had claimed that nothing had happened in India in 70 years, but now all the assets created in those years should be sold. have been.
Gandhi alleged that the Narendra Modi government’s privatization plan was aimed at creating a monopoly in key sectors that would lead to job losses. He alleged that the government was involved in creating a monopoly in the formal sector and abolishing the informal sector.
Former Union minister P. Chidambaram said fundraising could not be the sole purpose of selling assets for more than 70 years. “They are involved in what I would call the Grand Bargain Sale, the Grand Close Down Sale,” he said.
Chidambaram said all stakeholders, including employees, trade unions, farmers, must be consulted before embarking on such a massive sale of assets. “This exercise is designed without any prior standards.
List of Maharatna PSUs in India
- Steel Authority of India Limited (SAIL)
- National Thermal Power Corporation ( NTPC)
- Oil and Natural Gas Corporation (ONGC)
- Bharat Heavy Electricals Limited (BHEL)
- Bharat Petroleum Corporation Limited (BPCL)
- Hindustan Petroleum Corporation Limited (HPCL)
- Indian Oil Corporation Limited (IOCL)
- Power Grid Corporation of India (POWERGRID)
- Gas Authority of India Limited (GAIL)
- Coal India Limited (CIL)