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LATEST NEWS UPDATES | Modi govt’s monetisation scheme is nothing but a scam being paraded as a plan, cleverly camouflaged in jargon -CP Chandrasekhar

Modi govt’s monetisation scheme is nothing but a scam being paraded as a plan, cleverly camouflaged in jargon -CP Chandrasekhar

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published Published on Aug 26, 2021   modified Modified on Aug 28, 2021

-National Herald

It is a scheme to engineer a transfer of income and wealth to those at the apex of the wealth pyramid. It is just a way to hand over wealth created with public money over decades to corporates

Camouflaged In jargon that speaks of ‘monetisation of de-risked assets’, the BJP-led NDA government has announced its plan to sell out India’s public sector. In that plan, assets ranging from roads, ports, airports and railway track and stations, through fuel pipelines, telecom towers, optical fibre cabling, warehouses, and stadia, are to be handed over to big private investors in return for upfront or staggered payments of around Rs 6 lakh crore over a four year period ending financial year 2025. That sum, the government promises, would be used to create new infrastructural facilities.

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National Herald, 26 August, 2021, https://www.nationalheraldindia.com/opinion/modi-govts-monetisation-scheme-is-nothing-but-a-scam-being-paraded-as-a-plan-cleverly-camouflaged-in-jargon?fbclid=IwAR3pfwqLbF2NwMOO0Mb94SiVU-bhaBdup2Jd1sKopGPXIVJ5pHYpphGRhmc


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