Tag: (NMP)

Current Trends in Indian Economy

Current Trends in Indian Economy Government earned Rs 33,422 crore from asset monetization, till date in FY23 According to reports, the government has already monetized assets worth Rs 33,422 crore under the National Monetization Pipeline (NMP) for 2022–2023. The Coal Ministry has raised the most money, at Rs 17,000 crore, and the Ports and Shipping Ministry has surpassed its total budgetary target. By executing transactions of Rs 1 lakh crore in 2021–2022, the government exceeded the program's first-year objective of Rs 88,000 crore. The government's most recent assessment indicates that it will be difficult to reach its overall asset monetisation goal of Rs 1,62,422 crore in 2022–2023, which is expected to result in a shortfall of Rs 38,243 crore. Note National Monetisation Pipeline (NMP) estimates aggregate monetisation potential of Rs 6 lakh crores through core assets of the Central Government, over a four-year period, from FY 2022 to FY 2025. Assets liquidated in FY 2022-23 (Ministry wise Monetisation) Coal - Rs.17,000 crore National Highways - Rs.4,100 crore Railway - Rs.1,829 crore Energy - Rs.2,000 crore