Economy News
Centre asks ministries, depts to identify new assets for monetisation

Falling short of the budget target for asset monetisation for this fiscal year, the Centre has asked its ministries and departments to identify new assets that could be monetised quickly to meet the shortfall, The Economic Times reported. The report said the government has been able to garner only Rs 33,443 crore in revenue from sale of assets in the first 7 months, when the target under the National Monetisation Pipeline for the fiscal year ending March was Rs 1.6 trillion. It said at best the government is likely to get Rs 1.24 trillion from assets sale, way short of the budget estimate.

News Source:- https://www.business-standard.com/article/economy-policy/centre-asks-ministries-depts-to-identify-new-assets-for-monetisation-122112400288_1.html