Quick Summary
To give a fillip to capital expenditure (CAPEX) and infrastructure progress in the country, Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman chaired review meetings with the Ministry of Civil Aviation and Department of Telecommunications here today. The review meetings were attended by Secretary (Economic Affairs), Secretary (Civil Aviation), Secretary (Telecom), Joint Secretaries (Economic Affairs), Joint Secretary Finance Advisers of Civil Aviation and Telecom amongst
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FAQ :
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, chaired the review meetings.
The review meetings covered the Civil Aviation and Telecommunications sectors.
The main objective was to give a fillip to capital expenditure (CAPEX) and infrastructure progress, and to ensure accelerated infrastructure development.
Discussions included CAPEX status, front-loading of CAPEX, estimated spending targets, expenditure on National Infrastructure Pipeline projects, asset monetization, and projects under PPP and Convergence (Gati Shakti).
The government considers infrastructure projects a priority and will ensure necessary funds are made available for CAPEX, including spending by Central and State Governments, and the private sector.
The Department of Telecommunications was directed to push its CPSE CAPEX, fast-track asset monetization, and coordinate with DIPAM to finalise monetization processes for expeditious implementation of digital expansion plans, particularly in the North-East region.
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