UPSC Current Affairs for UPSC IAS
UPSC Current Affairs: India’s first InVIT , The Hindu article, explained by Rau’s IAS.
UPSC Syllabus: Mains – GS Paper III – Economy
In the Union Budget 2021-22, the Finance Minister had announced the National Monetization Pipeline. As part of National Monetization pipeline, assets created by PSUs such as NHAI, PGCIL, Railways etc. would be sold and money raised would then be used for the creation of new infrastructure assets.
Presently, we have around 2 publically listed InVITs ( IRB InVIT and India Grid) both of which have been sponsored by the private companies. Now, the PGCIL has become the first PSU in India to sponsor its own InVIT to monetize its assets.