It was Nirmala Sitharaman's first ever visit to Chhattisgarh, as part of the 'Seva aur Samarpan Abhiyaan' taking place till October 17.
While the macroeconomic numbers continue to recover, it is the right time to provide a big push to measures that would generate demand and sustain the growth momentum
“The PSUs together are making a net profit of about Rs 1 lakh crore. They are paying about Rs 7 lakh crore tax to the government,” he added.
Little attention has been paid to the issue of implementation of the monetisation pipeline. There is also the question of how the proceeds would be spent
Efficiency is touted as the driver of the National Monetisation Pipeline (NMP).
Maken alleged the main objective of NMP was to create a monopoly of a few "selected industrialist friends".
There are many institutions and public undertakings whose work can be done only by the governments because if they go into private hands then the public will be in trouble, Shukla said.
Chidambaram asked the government if provisions will be included in the invitation to bid (ITB) to ensure the monetisation process doesn't create monopolies or duopolies in the sector.
"If nothing has happened in the last 70 years, what the central government is selling? That is the difference between worthy and unworthy sons, between the Congress and the BJP," Singh said.
Terming the policy as a "cruel joke," he said the NMP is "virtually a transfer of taxpayer-funded assets to a handful of business groups."
The government should ensure fair and healthy competition, but its decision will create a monopoly and taxpayers will be forced to fork out more, he said.
'I've always tried to think long-term and build an organization that outlives the people who made it. I hope to leave behind me a legacy that thrives through generations,' he said.
Union Finance Minister Nirmala Sitharaman had on August 23 announced the Rs 6 lakh crore NMP that will look to unlock value in infrastructure assets across sectors ranging from power to road and rail
Congress says that the Modi government's "distract and deflect policy" is falling apart, as it can no longer throw large numbers and fancy slogans around and expect the Indian people to be enthralled.
Trinamool Congress supremo Mamata Banerjee alleged that the money raised by selling those assets will be used during elections against opposition parties.