The 'National Monetisation Pipeline' was recently launched by FM Nirmala Sitharaman. The pipeline has been developed by which organisation?
VerifiedAnswer: NITI Aayog
Explanation:
The National Monetisation Pipeline (NMP) was developed by NITI Aayog, India's premier policy think tank. This comprehensive framework was launched by Finance Minister Nirmala Sitharaman in August 2021 as part of the government's strategy to unlock value from brownfield public sector assets.
NITI Aayog, which stands for National Institution for Transforming India, was the natural choice for developing this pipeline given its role as the government's principal advisory body on economic and policy matters. The organization worked extensively with various ministries and departments to identify assets that could be monetized while ensuring continued public ownership of these strategic assets.
The NMP represents a four-year roadmap from 2021 to 2025, targeting potential monetization worth approximately ₹6 lakh crores. The pipeline covers core assets across sectors including railways, roads and highways, power, oil and gas pipelines, telecommunications, stadiums, airports, ports, and warehouses. NITI Aayog's comprehensive approach ensures that asset monetization doesn't mean privatization, but rather involves leasing revenue rights to private players while maintaining government ownership.
