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
Messi proposed visit row: Kerala BJP demands CBI probe into alleged financial irregularities

Thiruvananthapuram, Aug 14: The Bharatiya Janata Party (BJP) on Friday demanded a Central Bureau of Investigation (CBI) probe into the alleged Messi event fraud linked to Reporter TV and its owners, even as the former Finance Minister and CPI-M leader K.N. Balagopal refused to answer questions on alleged GST dues connected with the visit of football superstar Lionel Messi to Kerala in 2025, which failed to take place.
State BJP General Secretary S. Suresh demanded that the V.D. Satheesan government hand over the investigation to the CBI, saying that the controversy had international dimensions involving Argentina, Embassies, apart from alleged financial irregularities.
He alleged that the state government’s name had been misused in the proposed Messi event and called for a comprehensive probe into the financial transactions involved.
He also demanded a criminal case into the alleged GST evasion and said those found responsible should face legal action, including arrest wherever warranted.
Suresh also alleged that serious charges had surfaced against the previous LDF government and sought a probe into allegations of political protection being extended to those involved.
He warned the Satheesan government against entering into any political understanding with former Chief Minister Pinarayi Vijayan to suppress or delay the investigation.
The BJP leader also claimed that the alleged intermediary (sponsor) in the Messi event faced around 19 cases, including cheating cases, and demanded that the entire financial and international dimensions of the controversy be examined by Central agencies.
Meanwhile, Balagopal, who served as the Kerala Finance Minister from 2021 to 2026 and now sits in the Opposition front row alongside Vijayan, faced questions on the alleged non-payment of GST linked to the principal sponsor of the Messi event.
Known for his sharp responses on public finance during his ministerial tenure, Balagopal offered little on Friday.
He said he did not have any papers on the matter and suggested that officials might know more.
The response was particularly notable given Balagopal’s repeated criticism of the Centre over Kerala’s finances and devolution of funds while he was the Finance Minister.
National News
President Murmu inaugurates Amrit Udyan for public till Sept 15

New Delhi, Aug 14: President Droupadi Murmu inaugurated the Amrit Udyan Summer Annuals Edition 2026 on Friday, throwing open the premier garden in the President’s Estate to public from August 16 to September 15, an official said.
During the Summer Annuals, the Amrit Udyan will remain open from 10 a.m. to 6 p.m., with the last entry at 5 p.m.
The Udyan will remain closed on all Mondays for maintenance, an official statement said.
Entry and exit for visitors will be from Gate No. 35, located near North Avenue Road.
“Entry to Amrit Udyan will be free of cost. Visitors will have to book their entry slots online at visit.rashtrapatibhavan.gov.in advance,” the statement said.
Booking of slots for a particular day will close at 10 a.m. on the previous day. There will be no on-the-spot booking available.
For the convenience of the visitors, drinking water stalls, first aid posts, rain shelter and restrooms will be set up along the route of the visit, the statement added.
A shuttle bus service will also be available from the Central Secretariat Metro Station to the entry point to the Amrit Udyan at an interval of every 30 minutes between 9:30 a.m. and 6 p.m.
Earlier, the Amrit Udyan Winter Annuals Edition 2026 at Rashtrapati Bhavan was opened to public from February 3 to March 31, 2026.
The usual designated visitor route includes Bal Vatika, Pulmeria Garden, Banyan Garden, Bonsai Garden, Babbling Brook, Central Lawn, Long Garden and Circular Garden.
Apart from various varieties of flowers, visitors will be able to see the Babbling Brook, described as a water stream with cascades, and the Banyan Garden with reflexology paths.
The visitors are permitted to carry mobile phones, electronic keys, purses or handbags, water bottles, and milk bottles for infants.
Facilities such as drinking water, toilets, and first aid or medical services will be available along the public route.
In addition to Amrit Udyan, the public can also visit Rashtrapati Bhavan and the Rashtrapati Bhavan Museum from Tuesday to Sunday, and witness the Change-of-Guard Ceremony every Saturday at the Forecourt of Rashtrapati Bhavan, a statement said.
National News
Five places in Delhi receive bomb threats on eve of Independence Day

New Delhi, Aug 14: Five places in the national Capital received bomb threats a day before the nation celebrates its 80th Independence Day, officials of the Delhi Fire Service (DFS) said on Friday.
According to the DFS, the locations in Delhi which received calls alleging bomb blasts are Jamnagar House, Jhandewalan Flatted Factory Complex, District Magistrate Office in Saket, Terminal 3 of the Indira Gandhi International Airport and SDM Office at Delhi Cantt.
Fire tenders have been dispatched to all these locations. However, nothing suspicious has been found during the investigation so far, officials said.
Similarly, an email sent to the Delhi Mayor’s office on August 3 threatened multiple bomb blasts at the Red Fort on August 15, prompting security agencies in the capital city to spring into action to comb the entire area around the iconic monument.
As soon as the Mayor’s office received the bomb threat by email, it alerted the Delhi Police and other security agencies.
Soon after receiving the alert, police personnel, bomb disposal squads, and other security teams rushed to the historic Red Fort and carried out extensive sanitisation and inspection of the premises, an official said.
Delhi Police sources said that after receiving the information about the bomb threat, the security of the area was beefed up and an investigation was launched.
On July 11, a bomb threat targeting the Red Fort had also triggered a major security response, prompting police and security agencies to conduct a comprehensive combing exercise at the monument before declaring the threat to be a hoax.
According to Delhi Police, last month’s threat originated from a phone call made to the Mumbai Police Control Room, during which the caller allegedly claimed that the historic Red Fort would be blown up. Mumbai Police immediately relayed the information to the Delhi Police Control Room, which alerted the North District Police to initiate security measures.
After thoroughly checking the area, police officials found no suspicious object or explosive material and confirmed that the threat was false.
Prime Minister Narendra Modi is set to address the nation from the ramparts of the iconic Red Fort on August 15, Saturday. The event is expected to draw large crowds and involve extensive restrictions on movement in the capital city.
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