Omar Abdullah says there is No reason to oppose the national monetisation pipeline program

Omar Abdullah

Omar Abdullah

Former Prime Minister of Jammu and Kashmir Omar Abdullah said on Wednesday September 1, 2020 that he saw no reason to oppose the National Monetisation Pipeline (NMP), but hoped the appeal process would be transparent.Union Finance Minister Nirmala Sitharaman announced the ₹ 6 lakh crore program, which aims to unlock the value of infrastructure assets in all sectors from energy to road and rail.

She also said that the asset monetisation plan does not include selling land and it is about monetising wasteland."I see no reason why I should oppose a scheme that is looking to monetise an asset that otherwise is not giving me a suitable return. If the same asset would be privatised, I would then have asked questions to the government," Mr. Abdullah said.He answered a question about the national government's NMP project.Abdullah added that it is important to distinguish between privatisation and monetisation.

"Monetisation is giving an asset on lease but not transferring the ownership of that asset," he said.The vice president of the national conference said he hoped for a transparent procurement system."I hope that the process that is followed is transparent," he said.He added that he opposed high taxes on fuels, including gasoline and diesel, and increases in cylinder prices.When asked about the Taliban's threat following an Al Qaeda call for the liberation of Kashmir, Abdullah replied that he had no such information."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.

Sources:- the Hindu 

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