National News
P. Chidambaram poses 20 tough questions on Rs 6 lakh Cr NMP
Senior Congress leader and former Union Finance Minister P. Chidambaram on Friday posed 20 questions on the Centre’s proposed National Monetization Pipeline (NMP) intended to ‘monetise’ certain assets and earn Rs 6,00,000 crore revenue over the next four years.
Stating that the government should answer the questions, he demanded to know the NMP objectives and whether it was solely intended to raise the revenues over the next four years.
Referring to the criteria adopted upfront to identify the PSUs that would be disinvested or privatised during the previous UPA government, Chidambaram queried whether the same is the case with the current NDA regime.
Pointing out that for infra projects like roads/highways, a PPP policy already exists, he asked what is the difference, if any, between this (PPP) model and the one that would be adopted by the Centre under the NMP, while addressing the media in the country’s commercial capital.
Moreover, if an asset is ‘monetised’ for 30-50 years, what is the value of the piece of paper that declares the government to be the ‘owner’ of that asset, what kind of asset will be returned to the government at the end of the period or would it be a “fully depreciated asset” worth practically nothing.
“Since the NMP is silent on the subject, will the government stipulate in the contract that the amount of depreciation should be put in a Depreciation Reserve Account which was used only to maintain, upgrade or add to the asset so that at the end of the lease period a valuable asset is returned to the government,” Chidambaram asked.
He also sought answers on whether there will be provision in the contract to prevent asset-stripping by the lessee, the terms included in the Invitation to Bid (ITB) to ensure that the ‘monetisation’ process does not create monopolies or duopolies in that sector, especially to prevent such (monopolies/duopolies) emerging in the ports, airports, telecom and power sectors.
The finance expert queried whether the lessee will manage the current levels of employment and the policy of reservations, or other policies, subject to sectoral regulators, etc., in the ‘monetised’ asset.
Harking to the UPA which identified the Railways as a ‘strategic sector’, he asked what are the other sectors the Centre has identified as ‘core’ or ‘strategic’ that would be kept out of the NMP purview.
“Has the government examined the impact of implementation of the NMP on the prices of goods and services in the sector/industry concerned? What will the government or the regulator do in case prices are increased by the lessee of the ‘monetized’ asset,” Chidambaram demanded.
Referring to the government’s revelation of the expected revenue of Rs 6,00,000 crore in four years, he asked whether the government would shed light on the total capital investment in the identified assets that are expected to yield the aforesaid revenue.
“The identified assets must be currently yielding a certain revenue every year. Has the government calculated the difference between the current revenue (undisclosed) and the expected revenue (of Rs 6,00,000 crore) over a period of four years? If so, what is the difference between the two amounts each year during the four year period,” Chidambaram asked.
On the government’s announcement that the NMP would be co-terminus with the National Infrastructure Pipeline (NIP) that is expected to require Rs 100 lakh crore, the ex-FM sought to know how the Rs 6,00,000 crore over a four year period be sufficient to finance a Rs 100 lakh crore NIP.
Furthermore, he sought an assurance from the Centre that the expected sum of Rs 6,00,000 crore “would not be merged with general revenues or used for general expenditure”.
Chidambaram further posed if the Rs 6,00,000 crore, when released, would not be diverted to partly-finance the fiscal deficit (Rs 5,50,000-crore in 2021-2022) or retiring old debts.
The Congress leader asked if the government floated a consultation paper on NMP, consulted various stakeholders including the workers or trade unions and demanded to know the outcome/minutes of these consultations.
He also asked whether the NMP was discussed in Parliament, and if not, whether the Centre plans to consult the Opposition Parties or debate in parliament.
Chidambaram said that the US is contemplating measures to contain monopolization and unfair trade practices of giants like Google, Amazon and Facebook, China has announced plans to rein in its giant tech firms and South Korea contained the influence of its huge family-controlled business conglomerates.
“Does the government intend to introduce similar measures while implementing the NMP,” Chidambaram asked, saying the Centre “is obliged to answer these questions”, and the media must demand replies from the government.
New Delhi, Dec 8: Widespread flight disruptions at IndiGo are credit negative, and refunds and compensation could cause it “significant financial damage”, credit rating agency Moody’s warned on Monday.
In a note, Moody’s said that regulatory penalties from the Directorate General of Civil Aviation (DGCA) remain possible as the airline failed to plan for aviation rules communicated over a year earlier.
The crisis struck as the airlines entered their peak winter schedule, with “significant lapses in planning, oversight and resource management” as the Phase 2 of the Flight Duty Time Limitation (FDTL) rules were introduced on November 1, 2025, after being communicated more than a year earlier, it noted.
The rules reclassified midnight–6 a.m. duties as night duty and cut permissible landings in 24 hours from six to two or three. The agency said that IndiGo’s lean operating model lacked resilience to integrate the change, forcing a system‑wide schedule reset.
Over 1,600 flights were cancelled on December 5, and over 1,200 were grounded in November, with cancellations beginning on December 2. Moody’s said IndiGo is yet to fully restore normal operations.
IndiGo said it was set to operate over 1,800 flights on Monday, up from 1,650 on Sunday, adding that more than 4,500 bags have been delivered to respective customers, and “we are on track to deliver the rest in the next 36 hours”.
The airline said it expects a return to full schedules by mid-December, adding that it is working “round the clock” to normalise operations.
It has so far refunded Rs 827 crore to affected passengers, and the rest is under process for cancellations up to December 15.
Union Civil Aviation Minister K. Rammohan Naidu said in the Parliament on Monday that the government has initiated a thorough inquiry into the matter.
“IndiGo was supposed to manage the crew and roster…We will take strict action. We will set an example for every airline. If there is any non-compliance, we will take action,” he said on the floor of the Rajya Sabha.
Crime
Palghar Crime: 40-Year-Old Constable Arrested For Allegedly Raping Woman Inside Kasa Police Station
Palghar, Maharashtra, Dec 08: A 40-year-old police constable has been arrested for allegedly raping a woman inside the Kasa police station in Maharashtra’s Palghar district, officials said on Monday.
According to a senior official from the Palghar rural police, the incident took place last week when the woman had visited the station to record her statement in connection with an ongoing case. The constable allegedly assaulted her within the premises.
Following a complaint filed by the woman, a case of rape was registered and the constable was arrested on Sunday, officials confirmed.
In the aftermath of the incident, the in-charge of the Kasa police station has been transferred. Further investigation is underway.
New Delhi, Dec 8: Prime Minister Narendra Modi, on Monday, invoked the enduring spirit of ‘Vande Mataram’ while initiating a day-long discussion in the Lok Sabha to mark the 150 years of the national song.
He described it as a hymn that stood “like a rock” against British oppression and continued to inspire unity across generations.
Tracing the song’s journey from its composition by Bankim Chandra Chattopadhyay in 1875 to its role in the freedom struggle, PM Modi said ‘Vande Mataram’ became a current of emotion that bound the nation together.
“Even when crises like the coronavirus pandemic struck, the spirit of ‘Vande Mataram’ continued to connect the country. Today, as we march towards an ‘Atmanirbhar Bharat’ (Developed India), this hymn remains a source of strength,” he noted.
The Prime Minister quoted Mahatma Gandhi, who had described ‘Vande Mataram’ as a song that united the nation.
“Pujya Bapu (Mahatma Gandhi) said ‘Vande Mataram’ connects us. It is the dream of today’s generation to build a prosperous India, and this song continues to inspire that vision,” PM Modi said.
He emphasised that the hymn was more than just words — it was a mantra of sacrifice, resilience, and unity.
From the days of colonial bans, when people were punished for speaking or printing the words, to the sacrifices of countless freedom fighters who embraced martyrdom with ‘Vande Mataram’ on their lips, the song has remained a symbol of defiance and hope.
PM Modi urged the Parliament to ensure that the legacy of ‘Vande Mataram’ is preserved and passed on to future generations.
“This is not just a tribute to history but a reaffirmation of our democratic spirit. The lessons of the past must continue to guide our future,” he said, adding that the 150th anniversary was an opportunity to restore pride in a hymn that has been the heartbeat of Bharat.
Initiating a day-long discussion on 150 years of ‘Vande Mataram’ in the Lok Sabha, PM Modi noted that ‘Vande Mataram’ stood like a rock and inspired unity despite British oppression.
“When ‘Vande Mataram’ completed 100 years, the nation was chained by the Emergency. At that time, the Constitution was throttled and those who lived and died for patriotism were pushed behind bars,” he said.
“The Emergency was a dark chapter in our history. Now we have the opportunity to restore the greatness of ‘Vande Mataram’. And I believe this opportunity should not be allowed to pass,” PM Modi added.
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Palghar Crime: 40-Year-Old Constable Arrested For Allegedly Raping Woman Inside Kasa Police Station
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