MoRTH Raises Fund via Asset Monetisation

MoRTH Raises Fund via Asset Monetisation : UPSC Mains General Studies Paper 3 :Current Affairs in Economy Watch

Recently, the Ministry of Road Transport and Highways (MoRTH) raised Rs 40,314 crore through Asset Monetisation in the financial year 2023-24.

What is Asset Monetisation?

  • Asset monetisation is the process of creating new sources of revenue for the government and its entities by unlocking the economic value of unutilised or underutilised public assets.
  • A public asset can be any property owned by a public body, roads, airports, railways, stations, pipelines, mobile towers, transmission lines, etc., or even land that remains unutilised.
  • Also known as 'asset or ....
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