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.
Crime
‘Cash-for-query’ row: Lokpal gets 2 more months to decide on CBI sanction against Mahua Moitra

New Delhi, Jan 23: The Delhi High Court on Friday granted the Lokpal of India a final extension of two months to decide on granting sanction to the Central Bureau of Investigation (CBI) to file a charge sheet against Trinamool Congress (TMC) MP Mahua Moitra in connection with the alleged cash-for-query row.
A Bench of Justices Anil Kshetarpal and Harish Vaidyanathan Shankar allowed the application moved by the Lokpal seeking additional time, clarifying that no further extension would be granted to the anti-corruption body.
“The period of disposal is extended by two months, while observing that no further request for extension of time shall be entertained,” the Justice Kshetarpal-led Bench ordered.
Remarking that any further delay in deciding the issue would not be acceptable, it stressed that the Lokpal must strictly follow the stipulated timeline.
The present order came on a plea filed by the Lokpal after it failed to take a fresh decision within the earlier time frame fixed by the Delhi High Court.
In an order passed on December 19, 2025, the Justice Kshetarpal-led Bench set aside the Lokpal’s sanction allowing the CBI to file a charge sheet against Moitra, holding that the anti-corruption watchdog had misinterpreted provisions of the Lokpal and Lokayuktas Act, 2013.
Allowing Moitra’s plea against the sanction order, the Delhi High Court accepted her contention that the Lokpal had failed to properly consider the statutory requirement of examining the comments and material submitted by the public servant before granting sanction. It had directed the Lokpal to reconsider the issue afresh within one month.
However, as the Lokpal did not arrive at a decision within the prescribed period, the anti-corruption body approached the Delhi High Court seeking an extension of time.
The case arose from allegations levelled by Bharatiya Janata Party (BJP) MP Nishikant Dubey, who accused Moitra of accepting cash and luxury gifts from Dubai-based businessman Darshan Hiranandani in exchange for raising questions in the Parliament.
National News
Mumbai, Parts Of Thane & Bhiwandi To Face 10% Water Cut As BMC Undertakes Maintenance Work; Know If Your Area Is Affected

Mumbai: Parts of Mumbai will face a 10 percent water cut from January 27 to February 7, 2026, the Brihanmumbai Municipal Corporation announced on Friday, January 23. The civic body said the reduction in supply is due to annual maintenance work on the pneumatic gate system at Pise in neighbouring Thane district. According to PTI, the maintenance is necessary to ensure the smooth functioning of the water distribution system.
The maintenance work is expected to disrupt water supply across a large part of the Mumbai Metropolitan Region, affecting most civic wards in the island city and eastern suburbs, officials said. Additionally, several areas under the Thane and Bhiwandi municipal corporations that receive their water supply from the BMC are also likely to face interruptions.
Furthermore, the civic body has urged residents in the affected areas to use water judiciously and avoid wastage during the maintenance period.
The BMC has also announced a scheduled water pipeline relocation and repair work in Bhandup West and Mulund West on January 27, 2026. The work is expected to take 24 hours, during which water supply to Bhandup, Mulund and parts of Thane city will remain suspended.
The BMC’s Hydraulic Engineering Department has scheduled the relocation and maintenance work to reconfigure key water infrastructure in the eastern suburbs. Under the project, 12 existing water connections linked to the 2,400 mm Vaitarna main pipeline at Mulund West will be shifted and integrated with the larger 2,750 mm Upper Vaitarna main pipeline. In addition, the civic body will carry out protective measures, including the installation of iron covers on sections of the 2,400 mm Vaitarna pipeline in the Khindipada area of Bhandup West, to strengthen the system and ensure operational safety.
National News
Mumbai: MHADA Proposes ₹5,000 Rent Hike For BDD Chawl Residents Amid Redevelopment

Mumbai: The Maharashtra Housing and Area Development Authority (MHADA) wants to increase the rent paid to the residents of Bombay Development Directorate (BDD) Chawls for alternate accommodation. A proposal has been sent to the state government seeking a hike of Rs5,000 (from Rs25,000 to Rs30,000).
MHADA has demolished the 100-year-old British-era BDD Chawls, and construction of modern residential buildings is underway in Worli, Naigaon NM Joshi Marg. Under this mega redevelopment project, around 15,000 homes are being built. The residents have been given options of either alternate accommodation or rent for accommodation of their own choice.
Many residents opted to move elsewhere by accepting the rental allowance. However, there has been no increase in the rent for the past two years, even though landlords have been raising house rents every year. Chawl residents had therefore appealed for a hike from MHADA. In Worli, the first sets of keys to newly constructed apartments by MHADA have already been handed over.
As more buildings near completion, remaining tenants are eagerly waiting to move into modern, spacious homes that promise a new chapter in their decades-old association with the BDD chawls. The transformation is stark. The new apartments, with a carpet area of 500 sq ft, are a significant upgrade from the single-room tenements of barely 160 sq ft that generations of families shared in the chawls.
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