Gujarat Exclusive > Politics > Congress attacks Centre over national monetisation pipeline, terms it as “legalised loot”

Congress attacks Centre over national monetisation pipeline, terms it as “legalised loot”

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The Congress has launched an attack on the Narendra Modi government over its plans to raise around Rs 6 lakh crore through the National Monetisation Pipeline unveiled by the Union finance minister Nirmala Sitharaman on Monday.

The grand old party has termed the government’s move as legalised loot and organised plunder asserting that invaluable public assets created over decades are being handed over to a chosen few.

Congress leader Jairam Ramesh said, “First came the demonetisation disaster, which Dr Manmohan Singh rightly described as ”organised loot and legalised plunder”. Now comes monetisation mela— invaluable public assets created over decades given away to a chosen few. This is legalised loot and organised plunder.”

Apart from Ramesh, Congress general secretary Priyanka Gandhi also targeted the Centre saying it has made the country dependent on its “billionaire friends”. In a tweet in Hindi, Gandhi said, “While giving the ”jumla” of ”Aatmanirbhar”, they have made the entire government dependent on ”billionaire friends”. All the work for those billionaire friends and all the wealth also for them. This government is giving away assets worth lakhs of crore made from the hard work of the people of the country in the last 70 years to its billionaire friends.

The party’s chief spokesperson Randeep Singh Surjewala said, “Sale of country’s properties worth ₹ 6 lakh crore — roads, rail, mines, telecom, power, gas, airports, ports, sports stadium…Modi ji will sell everything from the earth to the sky. If there is BJP, the assets of the country will not be saved.”

What is National Monetisation Pipeline (NMP)?

Union finance minister Nirmala Sitharaman on Monday unveiled the Rs 6 lakh crore National Monetisation Pipeline (NMP) that aims to monetise brownfield assets by bringing private participation. Sitharaman also clarified that only under-utilised assets will be monetised while the ownership will remain with the government.

NMP has been developed by the Niti Aayog in consultation with several ministries and the government wants to raise money through monetising the value of the core assets owned by it over four years starting from 2022 to 2025.

 

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