Which of the following statements is/are correct with reference to the National Monetisation Pipeline (NMP)?
A. It aims to unlock value in brownfield projects by engaging the private sector, transferring to them revenue rights and not ownership in the projects, and using the funds so generated for infrastructure creation across the country.
B. Bringing in policy and regulatory changes to scale up monetisation instruments such as InvITs and Real Estate Investment Trusts (REITs) and expand their investor base have been identified as a critical element for the NMP.
C. Both A & B
D. None of these
Explanation:
NITI Aayog reported that the government should give Income tax breaks to attract retail investors into instruments like Infrastructure Investment Trusts (InvITs) to make the National Monetisation Pipeline (NMP) a success. It aims to unlock value in brownfield projects by engaging the private sector, transferring to them revenue rights and not ownership in the projects, and using the funds so generated for infrastructure creation across the country. Bringing in policy and regulatory changes to scale up monetisation instruments such as InvITs and Real Estate Investment Trusts (REITs) and expand their investor base have been identified as a critical element for the NMP.
