Finance Minister Nirmala Sithraman emphasized that an enhanced capital expenditure or capex will play a crucial role in economic revival after the COVID-19 pandemic. Ms Sitharaman chaired a virtual meeting on Friday with senior government officials and encouraged the ministries to front-load their capital expenditure. She said that the budget for the financial year 2021-22 provided a capital outlay of Rs.5.54 lakh crore. This is a sharp 34.5 per cent over the budget estimate of the previous fiscal 2020-21. Ms Sitharaman also asked the ministries to aim to achieve more than their capex targets.
✅FM Smt. @nsitharaman chairs meeting to discuss infrastructure road map ahead
— Ministry of Finance (@FinMinIndia) June 4, 2021
✅FM conveys to Ministries to front-load their capital expenditure
✅FM told Ministries and their CPSEs to ensure clearance of MSME’s dues at the earliest
Read more ➡️https://t.co/lV9KaX96Jc
(1/4) pic.twitter.com/YPxAbKjdSA
Newsinc24 Team





Related Items
IDFC First Bank-AU Finance Bank fraud case: CBI searches 6 premises
India's GDP growth in FY26 shows foundation of economy is strong: PM
Won't accept any ministry under CM DKS, Karnataka minister resigns