'I have called for ministries to provide their capex plans for the next four quarters. The details are expected to come within a week', says FM Nirmala Sitharaman. 'At this stage, my intention is to make sure that government does not sit on payments which are due, govt does not sit on CAPEX (capital expenditure) which it had planned', she added.
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Watch FM Nirmala Sitharaman: PSUs, ministry to share capex plans for next 4 quarters With HD Quality.
'I have called for ministries to provide their capex plans for the next four quarters. The details are expected to come within a week', says FM Nirmala Sitharaman. 'At this stage, my intention is to make sure that government does not sit on payments which are due, govt does not sit on CAPEX (capital expenditure) which it had planned', she added.
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The government on Saturday set October 15 as the deadline for central PSUs to clear overdue payments to vendors and contractors as it looks to lift economic growth from six-year low by boosting expenditure.Finance Minister Nirmala Sitharaman, who reviewed capital spending programmes with heads of central public sector enterprises, said state-owned companies have also been asked to set up a portal by October 15 where service providers, vendors and contractors can track bills and payments so that liquidity crunch is mitigated.
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Nirmala Sitharaman ने Corporate tax पर छूट की भी की घोषणा | nirmala sitharaman press conference
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A day after Prime Minister Narendra Modi and his 57-member council of ministers were sworn in by President Ram Nath Kovind yesterday, Modi government today allocated portfolio to his new ministers. Nirmala Sitharama has got the key Finance Ministry and Amit Shah has got Home Ministry while Rajnath Singh has been given the responsibility of Defence Ministry.
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