The government may dive into hard-earned retirement and insurance funds as it lines up Rs 102 crore of investment in the next five years to set right the country’s creaking infrastructure sector and pump prime the economy to help achieve the goal of $5 trillion.
The task force set up under the chairmanship of Economic Affairs Secretary Atanu Chakraborty to suggest sources to finance such a large sum, has recommended wide-ranging reforms to attract long-term foreign and private capital into infrastructure, ramping up resources for which has been easy in the past.
It has even gone on suggesting monetisation of land and other by ministries, public sector enterprises and local bodies and has identified the first set of assets to be monetised by March next year on which work has been initiated by the ministries power, shipping, highways and railways.
