While presenting Union Budget 2021 for FY 2021-22, Finance Minister Nirmala Sitharaman proposes to take concrete steps to increase funding for the National Infrastructure Pipeline.
“First, by creating institutional structures. Second, by monetising assets and third, by enhancing the share of capital expenditure in Central and State Budgets,” says FM Sitharaman.
“Other than IDBI Bank, we propose to take up the two public sector banks and one general insurance company. This would require legislative amendments”, she adds.
“It should be noted that the Modi government is nowhere near to achieving the FY’21 disinvestment target. Some of this is because of COVID-19, but a lot of it is because it’s hard and requires hard political will,” FM concludes.