29-September-2022
Economy News
 
As pace slows, PMO seeks to add impetus to asset monetisation
22-Sep-2022

The Prime Minister's Office will soon review the government's asset-monetisation drive to speed up the ?1.62 lakh crore programme amid signs of flagging momentum after a reasonable first quarter. The review meeting expected later this month is likely to be attended by key government officials, including those from the infrastructure ministries, the finance ministry and NITI Aayog. The government has set a ?1.62 lakh crore target for FY23, a 72% rise over ?97,000 crore raised via asset monetisation in FY22. About ?26,800 crore was raised until September 15. "The pace of monetisation has slowed... Review is aimed at examining the reasons for this and what can be done to push it," a government official told ET. "Ministries will be nudged to hasten the process." A panel of high-level officials may be set up to check on the progress of asset monetisation.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/as-pace-slows-pmo-seeks-to-add-impetus-to-asset-monetisation/articleshow/94359635.cms