<section class="jsx-2404185057 article__reader__magByLine"><strong>Shipping ministry has raised around Rs 4,000 crore, mines and power ministries nearly Rs 2,700 crore and Rs 2,000 crore, respectively</strong></section>
<section class="jsx-2404185057 article__reader__content set1">
<p><strong>New Delhi:&nbsp;</strong>The finance ministry has asked all the ministries and departments to expedite the process of asset monetisation, instead of leaving this to a few central government entities. So far, central agencies have raised around Rs 40,000 crore from monetisation of assets, against the target of Rs 1.6 lakh crore for the current financial year, sources said.</p>
<div>
<p id="2"><strong>TOI&nbsp;</strong>has learnt that the coal ministry leads the list by raising around Rs 15,000 crore by monetising its assets, followed by the highways ministry (Rs 11,000 crore). Shipping ministry has raised around Rs 4,000 crore from monetisation of port assets. Sources said mines and power ministries have raised nearly Rs 2,700 crore and Rs 2,000 crore, respectively.</p>
</div>
<div>
<p id="2">Railway ministry has raised around Rs 1,800 crore so far and needs to speed up the process. Officials said railways, petroleum and natural gas, telecom and sports ministries have been directed to step up asset monetisation to meet the target. They added that finance minister Nirmala Sitharaman took stock of the progress in a recent review meeting and nudged ministries to push the plan to achieve the target.</p>
</div>
<div>
<p id="2">The target of Rs 1.6 lakh crore is higher than Rs 96,000 crore achieved during the last financial year. The target for last fiscal was Rs 88,000 crore.</p>
<p id="3">&ldquo;Since we have barely four months left, ministries have been asked to come up with the roadmap within a week for hastening monetisation,&rdquo; said an official. Fund generated from monetisation of assets holds key to the government&rsquo;s thrust to push for more capital expenditure.</p>
</div>
</section>

Push asset monetisation, finmin to depts

English

Spanish(español)

Bengali(বাঙালি)

Gujarati(ગુજરાતી)

Hindi(हिन्दी)

Malayalam(മലയാളം)

Tamil(தமிழ்)

Telugu(తెలుగు)

Download your favorite titles and read them offline, anytime and anywhere

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines and newspapers from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from {{magCount}}+ best-selling international titles.

Name

Please fill out this form if you need any help regarding publishing your content on Magzter

Since we launched, Magzter has been committed to partnering with global organizations to provide the greatest possible newsstand technology & service to our customers. Whether you are looking to offer magazine subscriptions to your customer database or just want to learn more, Magzter is committed to helping your business grow. To find out more, please fill out the questionnaire below: