Quick Summary
Finance Minister conveys to Ministries to front-load their capital expenditure Finance Minister told Ministries and their CPSEs to ensure clearance of MSMEs dues at the earliest Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman today held a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead. This was the fourth review meeting by the Finance Minister with Ministries/Departments and second in the series of meetings scheduled on th
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FAQ :
The meeting focused on discussing the infrastructure roadmap ahead, including capital expenditure plans, budget implementation, and measures to expedite infrastructure investment.
She encouraged ministries and their CPSEs to front-load their capital expenditure and aim to achieve more than their set targets.
Enhanced capital expenditure is considered critical for revitalising the economy post-pandemic.
Ministries and their CPSEs were asked to ensure the clearance of MSME's dues at the earliest.
Ministries are to actively work on getting projects funded through innovative structuring and financing, provide support to the private sector, and explore PPP mode for viable projects.
The Budget for Financial Year 2021-22 provided a capital outlay of Rs. 5.54 lakh crore, a 34.5% increase over the previous year's Budget Estimate.
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