Budget 2021: Disinvestment, asset monetisation to help govt raise revenue
Resisting the temptation to hike taxes, the finance minister banked on disinvestment and asset monetisation to increase government s revenue.
Rai Vinaykumar | February 2, 2021 | Updated 16:07 IST
The finance minister laid down an ambitious asset monetisation plan for public infrastructure which will help the government raise revenue.
In the Union Budget for 2021-22, presented amidst the COVID-19 pandemic, Finance Minister Nirmala Sitharaman batted for economic growth by increasing government s capital expenditure to Rs 5.54 lakh crore.
However, she resisted the temptation to hike taxes at a time when there were suggestions to increase tax rate for super-rich or levy a COVID tax. Instead, the finance minister banked on disinvestment and asset monetisation to increase government s revenue.
This is the first attempt at an initial public offering of an InvIT by a state owned firm. The private sector has seen two InvIT’s so far, namely IndiGrid InvIT & IRB Infra InvIT
GAIL eyes pipeline InvIT before split
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Last Updated: Jan 26, 2021, 04:56 PM IST
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The nation s top gas marketing and transportation firm plans to monetise Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure Investment Trust (InvIT), two sources with direct knowledge of the matter said.
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NEW DELHI: State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business from the gas marketing function, sources said.
The nation s top gas marketing and transportation firm plans to monetise Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure
GAIL Plans To Launch Pipeline InvIT Before Company Split moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.