On Aug 23rd India’s finance minister Nirmala Sitharaman announced the National Monetization pipeline scheme. This scheme is about core government assets monetization and is expected to earn 6 lakh crores in the next 4 years.
Why Monetize the government assets
Increase overall government earnings
Boost Infrastructure of our country
Boost India’s economy
Better untilization & monetization of government assets
Let’s see what are the advantages and disadvantages of this scheme to a common man
Advantages
New employment opportunities will open up under these assets
This 6 lakh crores will be invested in infrastructure which will boost India’s economy and generate more employment
Overall improvement in the facilities and user experience of these assets
As a consumer, we will get a better quality product & service
There will be an increase in taxes like road tax, toll tax etc
As private players are focused on profits, there can be differences in facilities and services depending on the demand
The government has not declared any policies or laws for this scheme
This scheme can create a monopoly in these sectors.
Conclusion
This is yet another good idea, just it should not be a bad implementation. Let’s wait for next year’s budget to see whether the achievement of the National monetization pipeline scheme projections has been achieved FY22.
Hello Guys
I am a website developer by profession but is always keen on learning new things. I have been investing in Mutual funds, stock market for the past few years because of which I have gained good knowledge. I started my entrepreneur journey in 2019 which lead me to learn more things as I am moving forward. I always love to share whatever I learn. Always had a craze for cars from my childhood, which inspired me to start this website.
Hello Guys
I am a website developer by profession but is always keen on learning new things. I have been investing in Mutual funds, stock market for the past few years because of which I have gained good knowledge. I started my entrepreneur journey in 2019 which lead me to learn more things as I am moving forward. I always love to share whatever I learn. Always had a craze for cars from my childhood, which inspired me to start this website.
