MUMBAI: Edelweiss Group chairman Rashesh Shah, who also heads the industry lobby Ficci as its president, has called for laying down a strategic road-map in the Budget to ensure higher non-tax revenue In an extensive interview ahead of the Budget, Shah urged the finance minister to unveil a road-map for "continuous and steady growth in non-tax revenues in a strategic manner. "All these years, successive governments had an adhoc approach to non-tax revenue generation. "I expect the Budget to lay down a five or even a 10- year road-map for asset monetisation, which can go a long way in meeting budgeted revenue targets.Why should governments own so much land banks and other assets?" Instead government should monetise it once a plant is up and running. "NTPC can monetise a new power plant, say at 8 per cent annual return, which is a good price and go on building new ones with the money thus raised," he argued.

Source: Economic Times January 31, 2018 12:56 UTC