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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

Police evict Rahul Gandhi, Akhilesh Yadav from dharna near PM’s residence

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New Delhi, July 21: Police forcibly removed Leader of the Opposition in the Lok Sabha Rahul Gandhi, Congress MP Priyanka Gandhi Vadra, Samajwadi Party chief Akhilesh Yadav and several opposition MPs from their dharna site near Prime Minister Narendra Modi’s official residence in New Delhi on Tuesday, after they marched towards Lok Kalyan Marg demanding action over alleged examination paper leaks and police action against student protesters.

Rahul Gandhi, who sat on the road refusing to leave, was surrounded by several police personnel before being escorted into a police vehicle along with other opposition leaders. The protest came a day after a students’ march to Parliament witnessed police intervention.

Earlier, Congress president Mallikarjun Kharge, Rahul Gandhi and Priyanka Gandhi led party workers from Kharge’s residence to the Prime Minister’s residence, intensifying the opposition’s campaign on education-related issues. Before being detained, Rahul appealed to people to join the dharna, saying, “An attack on students is an attack on every Indian family,” and accused the government of failing to answer concerns raised by students.

In a significant development, Union Minister of State in the Prime Minister’s Office Jitendra Singh met Rahul Gandhi at the protest site. Congress leaders said the talks remained inconclusive as the party insisted on the resignation of Union Education Minister Dharmendra Pradhan and a discussion in Parliament on alleged examination paper leaks.

Congress MP Syed Naseer Hussain said the party would continue its protest until its demands were met. Jitendra Singh, however, maintained that the government was ready to hold a discussion in Parliament on education-related issues and alleged that the Congress later made the minister’s resignation a precondition.

The Congress has also demanded that Prime Minister Narendra Modi and Union Home Minister Amit Shah apologise or resign over the police action against protesters during Monday’s march. The protest received support from opposition leaders, including NCP(SP) MP Supriya Sule, Samajwadi Party chief Akhilesh Yadav, NCP(SP) president Sharad Pawar and AAP leader Arvind Kejriwal, signalling broader opposition backing for the agitation.

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National News

‘Govt stands with Yuva Shakti’: NDA backs PM Modi’s ‘swift action’ stand on NEET paper leak

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New Delhi, July 21: Amid the Opposition’s criticism over the violence during the NEET-UG paper leak protest, the National Democratic Alliance leaders on Tuesday came in support of Prime Minister Narendra Modi’s statement that the government took swift action over the exam irregularities, asserting that the Centre stands with the country’s ‘Yuva Shakti’ (youth power).

During the NDA’s ‘Mangal Milan’ programme, PM Modi stated that the issue of paper leaks is “not limited” to a single state or the Central government; rather, it is a “matter of concern for the entire nation”, while adding that the government has acted promptly, resulting in the arrest of 13 individuals related to the case so far.

Responding to the same, Union Minister and Republican Party of India (A) chief Ramdas Athawale said: “The Prime Minister has explained about the NEET exam that whatever has happened is not right, and lakhs of students have faced difficulties. Those who have made such an attempt have all been caught, and they should be punished severely.”

“He (Prime Minister) has said that along with the Central government, it is also the responsibility of the state governments and their administration to ensure that such instances don’t occur during exams,” Athawale told media outside Parliament House.

He asserted that the “government stands with Yuva Shakti”.

“We are in the government due to the youths. Whatever Lok Sabha Leader of Opposition Rahul Gandhi is saying is baseless,” the Union Minister added.

NCP MP Praful Patel added that Prime Minister Modi “heavily praised” the youth power of India.

“To further promote this youth power and keep their future secure, we should take all possible steps. Incidents like NEET and other such events that have occurred should never be repeated; we have taken a resolve for this too. The contribution of India’s youth, from space to every field, has been greatly praised by PM Modi,” he told media.

Further, BJP MP Ravi Kishan said: “PM Modi has given a big message that the best legal counsel in the country should be hired to ensure that all those involved (in paper leaks) are severely punished so that going ahead no one dares to mess with the future of the children in the nation, just to earn a few lakhs of rupees.”

However, AIMIM chief and MP Asaduddin Owaisi questioned the Centre, asking, “What about the students who died? What about those who had to reappear for the exam but could not secure the same rank? Their time has already been lost. What will you do for them?”

This comes a day after scores of students, led by the Cockroach Janta Party (CJP), attempted to march to Parliament demanding the resignation of Union Education Minister Dharmendra Pradhan for the May 3 NEET paper leak.

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Crime

Crime shock: Key witness gunned down, elderly couple found murdered in Bihar

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Patna, July 21: Two shocking incidents of violent crime were reported in Bihar on Monday, with a key witness in a murder case shot dead in Jehanabad and a retired bank employee along with his wife found murdered in their Muzaffarpur residence. Police have launched separate investigations into both cases.

Police have launched separate investigations into both cases.

A man was shot dead by armed assailants near Dakra Mor under the Makhdumpur police station area of Jehanabad district. The deceased has been identified as Vijay Yadav, a resident of Parsauna village.

According to police, Vijay Yadav was returning home with his son after getting wheat milled when more than a dozen motorcycle-borne criminals intercepted them. The attackers allegedly first tried to seize his son, who managed to escape, before opening fire on Vijay Yadav.

He died on the spot after sustaining multiple gunshot wounds, while the assailants fled. The victim’s son, Amarnath Yadav, alleged that his father was murdered to prevent him from testifying in court.

According to the family, Vijay Yadav was the principal witness in the murder case of his elder son and was scheduled to depose before the court on August 6. They claim the accused eliminated him to influence the ongoing trial.

Police reached the scene soon after the incident, recovered the body, and sent it to Sadar Hospital, Jehanabad, for post-mortem examination. They said all possible angles, including the alleged witness-related motive, are being examined, while raids are underway to arrest those involved.

In a separate incident, a retired Punjab National Bank (PNB) cashier, Ashok Kunwar, and his wife Neelam Devi were found murdered inside their residence in Muzaffarpur late Monday evening.

The case came to light after the couple’s son, Dr. Nikhil Kumar, noticed suspicious activity through CCTV cameras connected to his mobile phone. The footage reportedly showed two unidentified men entering the premises and captured his mother running towards the rooftop.

When repeated calls to his parents went unanswered, he alerted a neighbour, who discovered the bodies and informed the police.

Police said Ashok Kunwar’s body was found in a bedroom on the second floor with multiple stab injuries, particularly on his back. Neelam Devi’s body was recovered from a room on the third floor. Police found her hands and feet tied with rope and adhesive tape covering her mouth.

Preliminary findings indicate that she may have died due to strangulation. A forensic team and dog squad examined the crime scene. Investigators recovered several items, including gloves, adhesive tape, and a bag, which have been seized for forensic examination.

Muzaffarpur Senior Superintendent of Police Kantesh Kumar Mishra said preliminary evidence suggests the murders occurred on Monday evening. CCTV footage has revealed two suspects, whose identities are being established.

Police also plan to question the three tenants residing in the building as part of the investigation. Officials said the exact cause of death and sequence of events will be confirmed after the post-mortem reports and forensic analysis.

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