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P. Chidambaram poses 20 tough questions on Rs 6 lakh Cr NMP

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P-Chidambaram

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.

National News

Monsoon Havoc In Himachal Pradesh Claims 257 Lives Since June, 37 Missing And Over 1,000 Houses Destroyed

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Shimla: The monsoon havoc in Himachal Pradesh has claimed 257 lives since June 20, according to the Himachal Pradesh State Disaster Management Authority (HP SDMA).

District-wise data shows that Mandi (26 deaths), Kangra (28), and Kullu (11) were among the worst-affected in rain-triggered disasters.

Among the deaths, 133 were deaths reported in rain-related incidents such as landslides, flash floods, drowning, and electrocution, and another 124 fatalities in road accidents,.

The cumulative report released on Friday evening paints a grim picture of widespread destruction. The state has also recorded 331 people injured and 37 missing during the ongoing monsoon season.

Landslides and flash floods alone have caused 16 deaths, while 27 people drowned in swollen rivers and nullahs. Other casualties were reported due to lightning, fire, snake bites, electrocution, and accidental falls.

In addition to human loss, the state reported massive damage to property and infrastructure. Over 1,028 houses were fully damaged and another 2,157 partially damaged, besides 285 cow sheds and 699 shops and factories destroyed. Public property worth more than Rs 2,14,403 crore has been lost, including extensive damage to roads, power lines, water schemes, and government institutions.

Animal losses have also been severe, with 1,625 cattle heads and over 25,700 poultry birds perishing in the rains.

The HPSDMA noted that Mandi district alone accounted for the heaviest financial damage, exceeding Rs 1,180 crore, followed by Kangra and Kullu districts.

Meanwhile, Mandi district reported the highest disruption, with 203 roads blocked and 458 transformers out of service, followed by Kullu where 79 roads remain closed, including NH-305 at Jhed (Khanag) due to a major landslide. Water supply schemes were also severely affected in Chamba (24), Kangra (41), and Mandi (44).

In Kinnaur, six roads including NH-5 were blocked after heavy downpours, while Kullu and Lahaul-Spiti reported widespread outages due to flash floods and HT line faults.

Authorities cautioned that intermittent rainfall in the coming days may worsen the situation, and appealed to people to avoid travel through vulnerable stretches.

Officials warned that the situation remains critical with rains expected to continue, urging residents to avoid travel through vulnerable stretches and follow safety advisories.

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National News

Aadhaar-Based Face Authentication Doubles To 200 Crore Transactions In Just 6 Months

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Aadhaar-based face authentication has set new benchmark, doubling from 100 crore to 200 crore transactions in just 6 months, the government said on Monday.

Aadhaar Face Authentication lets Aadhaar holders verify their identity instantly, securely, and contactless anytime, anywhere, no documents needed.

On August 10, 2025, UIDAI celebrated a landmark 200 crore transactions of Face Authentication, showcasing India’s rapid move towards seamless, secure, and paperless authentication, according to IT Ministry.

The pace of adoption has been exponential. 50 crore transactions were recorded by mid-2024. The number doubled to 100 crore transactions in January 2025 in just about five months. In less than six months, this figure has again doubled, reaching the 200 crore milestone, the ministry informed.

“Reaching 200 crore Aadhaar Face Authentication transactions in such a short time underlines the trust and confidence that both residents and service providers have in Aadhaar’s secure, inclusive, and innovative authentication ecosystem,” said Bhuvnesh Kumar, Chief Executive Officer (CEO), UIDAI.

The journey from 100 crore to 200 crore transactions in under six months is a testament to its scalability and the country’s digital readiness.”

He further added, “From villages to metros, UIDAI is joining forces with governments, banks, and service providers to make Aadhaar Face Authentication a grand success and by giving every Indian the power to prove their identity instantly, securely, and anywhere.”

The swift rise from 100 crore to 200 crore Aadhaar Face Authentication transactions in just six months reflects the core vision of Digital India, transforming the country into a digitally empowered society and knowledge economy.

By enabling instant, secure and paperless identity verification across every corner of the nation, UIDAI is strengthening the backbone of digital governance.

“This milestone is not just about numbers, it is a testament to how inclusive technology, when scaled efficiently, can bridge divides, empower citizens and accelerate India’s journey towards a truly connected and confident digital future,” said the ministry.

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Maharashtra

171 Maharashtra Tourists Safe, Search On For Missing Woman In landslide-hit Uttarakhand

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Mumbai: A woman tourist from Maharashtra has remained untraceable since landslide and flash floods hit Uttarkashi district of Uttarakhand, state Disaster Management Minister Girish Mahajan said on Saturday.

The minister’s office in a statement said that 171 out of the 172 tourists from Maharashtra, who were stranded in the Dharali area, could be contacted, and they were all confirmed safe.

The Statement

“Only one person, Kritika Jain, is still missing, but the authorities are trying to locate her. Efforts are underway to establish contact with the tourist, and the Uttarakhand State Emergency Operations Centre (SEOC) has been instructed to conduct a search for her,” the statement said.

Of the 171 tourists from Maharashtra, 160 are safe at various locations – 31 are in Matli, six in Jolly Grant, and 123 in Uttarkashi – and have continued their journey as planned. The remaining 11 tourists are safe in Harsil and will be airlifted to safety, it stated.

Mahajan is overseeing the rescue operation on-site in Uttarkashi to ensure the safety of tourists.

The Maharashtra State Emergency Operation Centre (SEOC) is in constant touch with its Uttarakhand counterpart, the district control room, the district emergency operations centre in Uttarkashi, and the National Emergency Response Centre in New Delhi.

According to the statement, Chief Minister Devendra Fadnavis is monitoring the situation.

As per information shared by Uttarakhand authorities, the airlift of tourists stranded in Harsil was scheduled for Saturday morning. Army, NDRF, SDRF and local rescue teams are operational in Dharali.

The landslide and floods have damaged roads and disrupted communication networks. Efforts are underway to restore connectivity and basic infrastructure.

A satellite phone has been deployed by IGP Rajeev Swaroop, and the Army has been alerted for immediate response.

The Maharashtra SEOC is coordinating rescue arrangements, updating information, and assisting the concerned families, the statement added.

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