Budget 2022: What Infrastructure sector expects?

NITI Aayog has written to the Finance Ministry to include a breakup of the assets to be identified under the flagship National Monetization Pipeline in the union budget, said one of the officials aware of the development.

0
Budget 2022: What Infrastructure sector expects?

Budget 2022 might focus on improving infrastructure. A detailed list of public roads to railways assets, which the government plans to monetize during FY 2022-23. Reports also suggest that it might especially prioritize highways and expressways. Infrastructure ministries listed under this plan are as follows; Roads, Transport and Highways, Power, Civil Aviation, Railways, Shipping Ports and Waterways, Power, Petroleum and Natural Gas, Food and Public Distribution, Telecommunications, Mining, Coal and Housing, and Urban Affairs.

NITI Aayog has written to the Finance Ministry to include a breakup of the assets to be identified under the flagship National Monetization Pipeline in the union budget, said one of the officials aware of the development.

Also Read: Budget 2022: government may increase the budget allocation for farm research and education by up to 15%

Suggestions include identification of highways and expressways that will be monetized on a yearly basis, the second official said. Keeping the upward trend of capital expenditure allocation is also encouraged, added the official.

India plans to lease out state-owned infrastructure assets worth Rs 6 lakh crore through fiscal 2025 to fund the government’s capital expenditure. In August, Nirmala Sitharaman, finance and corporate affairs minister, unveiled the asset monetization pipeline, developed by the NITI Aayog in consultation with related ministries. “This is necessary for creating employment opportunities, thereby enabling high economic growth and seamlessly integrating the rural and semi-urban areas for overall public welfare,” Sitharaman had said at the launch. Roads and rail comprise more than half of this pipeline.

The government plans to monetize about 15% of the assets with an indicative value of Rs 0.88 lakh crore in the current financial year.

Summary
Article Name
Budget 2022: What Infrastructure sector expects?
Description
NITI Aayog has written to the Finance Ministry to include a breakup of the assets to be identified under the flagship National Monetization Pipeline in the union budget, said one of the officials aware of the development.
Author
Publisher Name
THE POLICY TIMES
Publisher Logo