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No Reason To Oppose National Monetisation Pipeline, Says Omar Abdullah

It is essential to attract a distinction between privatisation, monetisation, Omar Abdullah mentioned (File)

Jammu:

Former Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday mentioned he noticed no cause to oppose the National Monetisation Pipeline (NMP) and hoped that the bidding course of shall be clear.

Union Finance Minister Nirmala Sitharaman has introduced a Rs 6 lakh crore scheme that may look to unlock the worth of infrastructure property throughout sectors starting from energy to street and railways.

The asset monetisation plan won’t contain the promoting of land, and it’s about monetising brownfield property, the minister has mentioned.

“I see no reason why I should oppose a scheme that it is looking to monetise an asset that otherwise is not giving me a suitable return. If the same asset would have been privatised, I would then have questioned the government,” Mr Abdullah mentioned.

It is essential to attract a distinction between privatisation and monetisation, he added. “Monetisation is giving an asset on lease but not transferring the ownership of that asset,” he mentioned.

The National Conference vice-president mentioned he hopes that there shall be a clear bidding system. “I hope that the process that is followed is transparent.”

Omar Abdullah mentioned that his opposition was to closely taxing gas, together with petrol and diesel, and rising costs of gasoline cylinders.

Speaking concerning the menace from the Taliban amid a name by Al-Qaeda for the liberation of Kashmir, Omar Abdullah mentioned that he doesn’t have any such info.

“What has happened in Afghanistan is before you all. Whether it will affect J&K or not, the central government can answer, not me,” he added.

[ad_2] (THIS STORY HAS NOT BEEN EDITED BY INDIA07 TEAM AND IS AUTO-GENERATED FROM A SYNDICATED FEED.)

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