Excelsior Correspondent
JAMMU, Sept 5: Chief spokesperson of J&K Bhartiya Janata Party (BJP) Sunil Sethi today said that National Monetization Pipeline (NMP) announced by Finance Minister is designed to unlock the value of investments in public sector assets by tapping institutional and long term capital.
He said NMP will help Government to prop up economic activities. This was need of hour in view of additional financial burden on Government because of COVID-19 pandemic and its effects on economy of the country, he asserted while adding that it is expected that around 6 lakh crore Rupees will be raised by monetizing the operating assets of Central Government over a four year period ending financial year 2025.
“The Government will receive the money for transfer either in the form of an upfront payment or a revenue share. The foresightedness of Central Government can be seen from fact that primary ownership of assets under NMP will continue to be with the Government only,” Sethi said and reiterated that funds from NMP will be used for infrastructure creation. He said under NMP private entities will use the assets only for fixed tenure, at the end of which they will be handed back to the public authority.
Sethi noted that though the policy is welfare measure which is welcomed by public as it will lead to inflow of more funds for infrastructural development but unfortunately opposition parties particularly Congress is unnecessarily trying to criticize NMP on illogical and flimsy grounds to draw political mileage without understanding its responsibility as Opposition Party. Such criticism by vested elements should not come in the way of Government in implementing such major welfare policies, he added.
The chief spokesperson of BJP called upon opposition parties to carefully read NMP before jumping up to criticize it as it will create employment opportunities, address the need of improved quality public assets, contribute to overall growth and development of economy, help industrial growth and will create new avenues for youth.
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