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Indian Oil to monetise pipeline assets, says many investors interested

Indian Oil to monetise pipeline assets, says many investors interested SECTIONS Last Updated: Feb 02, 2021, 02:34 PM IST Share Synopsis Finance Minister Nirmala Sitharaman in her Budget for fiscal year beginning April 1, announced monetisation of oil and gas pipeline assets of IOC, gas utility GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL). Agencies IOC also owns two natural gas pipelines - 132-km Dadri-Panipat and 1,421 km Ennore-Tuticorin line, and two LPG lines - 280-km Panipat-Jalandhar and 873-km Paradip-Haldia-Durgapur. IOC) is likely to sell stakes in one or two of its vast network of crude oil and petroleum product pipelines in the country under the asset-monetization plan, but won t give up control, its Director (Finance) Sandeep Kumar Gupta said Tuesday. InvIT could be one model which we may look at but we won t sell 100 per cent. We will remain the operator, he said on a conference call with analysts and investors.

Budget 2021: Disinvestment, asset monetisation to help govt raise revenue

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.

Nifty Bank में Union Budget के बाद 10% से अधिक की तेजी, इन 5 वजहों से निफ्टी बैंक में आ रही इतनी तेज उछाल Nifty Bank rallies more than 10% after Union Budget, know 5 reasons why the index is rising

Nifty Bank में Union Budget के बाद 10% से अधिक की तेजी, इन 5 वजहों से निफ्टी बैंक में आ रही इतनी तेज उछाल Nifty Bank rallies more than 10% after Union Budget, know 5 reasons why the index is rising
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.

Budget 2021 Shows How Innovation In Governance Can Resolve Crisis | OPINION BY AMITABH KANT, CEO, NITI AAYOG

Comments In a usual year, the Union Budget is loaded with expectations from all quarters common citizens, industry, governments’ coffers, and investors. This year, under pandemic circumstances, there was an additional expectation from the Union Budget (2021-22) to show India the way forward after fighting a year of myriad challenges. The COVID-19 pandemic brought with it unforeseen circumstances and difficulties: an overwhelmed healthcare infrastructure, uncertainty surrounding jobs and wages, and the growth trajectory taking a hit. However, India stepped up to the challenge and used this crisis for structural reforms, and started preparing for growth revival since the very beginning of the pandemic. The sharp recovery is testament to this pursuit.

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