CURRENT AFFAIRS

Detailed explanation-1: -The government has monetised assets worth ₹ 33, 422 crore under the National Monetisation Pipeline (NMP) in 2022-23 so far, with the Coal Ministry leading the list by raising ₹ 17, 000 crore, and the Ports and Shipping Ministry surpassing its overall fiscal target, according to sources.

Detailed explanation-2: -Last year, the government has completed transactions worth ₹96, 000 crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the year’s target of ₹88, 000 crore.

Detailed explanation-3: -What is National Monetisation Pipeline (NMP)? NITI Aayog has developed the pipeline, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021-22. It aims to unlock value in brownfield projects by engaging the private sector.

Detailed explanation-4: -The Economic Survey of 2022-23 tabled on January 31 reiterated the government’s target to raise Rs 1.6 lakh crore during the current fiscal under the National Monetisation Pipeline (NMP).

Detailed explanation-5: -Track-overhead equipment, goods sheds, hill rail and stadia were among the other assets considered for monetisation to achieve Indian Railways’ Rs 30, 000 crore target in FY23.