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NITI Aayog bats for tax breaks to achieve monetisation goal

NITI Aayog reported that the government should give Income tax breaks to attract retail investors into instruments like Infrastructure Investment Trusts (InvITs) to make the National Monetisation Pipeline (NMP) a success.

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The Centre’s think tank driving the NMP, estimated to raise almost ₹6 lakh crore for the exchequer over four years, has also called for bringing such trusts within the ambit of the Insolvency and Bankruptcy Code (IBC) to provide greater comfort to investors.

Bringing in policy and regulatory changes to scale up monetisation instruments such as InvITs and Real Estate Investment Trusts (REITs) and expand their investor base have been identified as a critical element for the NMP.

The government plans to use the InvIT and REIT route to monetise public assets such as highways, gas pipelines, railway tracks and power transmission lines.

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