PRIME MINISTER Narendra Modi often asks ministers to think big, and deliver even bigger results. Scale defines his public policy initiatives. True to form, the Modi government is embarking on an ambitious project: unlocking the potential value of government assets and raising around ₹6 lakh crore in four years. The money will fund infrastructure, create jobs and give a booster shot to the sluggish economy.
The big-ticket plan involves the creation of new sources of revenue by leasing of underutilised public assets to private-sector players. To better understand what it means, think of the government as an individual who is struggling to maintain or make money from his property. He decides to lease out the assets for a specified number of years in exchange for an amount paid up front. The property does not change hands, but the tenant can invest in it to generate revenue while discharging his duty to maintain the property.
The national monetisation pipeline, recently unveiled by Finance Minister Nirmala Sitharaman, takes this middle-of-the-road approach to monetising public assets. It stops short of the stigmatised avenues of privatisation and disinvestment, both of which involve selling assets, and focuses instead on ensuring “private participation” in managing assets in a more efficient and profitable manner. It means the government will give up control over 20 asset classes— ranging from highways, railways and power transmission lines to hotels, telecom facilities and stadiums.
Diese Geschichte stammt aus der September 12, 2021-Ausgabe von THE WEEK.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 12, 2021-Ausgabe von THE WEEK.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI