Push asset monetisation, finmin to depts

NEW DELHI: 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.
TOI 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.
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…

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