Railways, DoT go slow on monetising assets

The government may miss the ambitious Rs 1.62-trillion asset monetisation target for the current financial year by a wide margin, owing to likely slippages in two key sectors — railways and telecom.

According to sources, the ministries of railways and the department of communications (DoT) have scaled down their ambition to raise resources through asset recycling and decided to rely more on self-funding, budget support and debt for their capital expenditure.