"Asset Monetisation Not Substitute For Disinvestment": Nirmala Sitharaman On NDTV | Read

Finance Minister Nirmala Sitharaman, who presented the Union Budget yesterday, clarified that the asset monetisation plan is not a substitute to disinvestment. 

Speaking to NDTV Editor-in-Chief Sanjay Pugalia on Sunday, Ms Sitharaman said, "Asset monetisation is not a substitute for disinvestment. Asset monetisation has been going on and will continue. In the 2nd edition, we said we will plough back capital of 10 lakh crore in new projects...If there is an asset that we want to monetise with a private party, that won't be for sale. The ownership will be with the Centre, it won't transfer. That is not disinvestment. The revenue that we will get, we will plough back."