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Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman here today held Video Conference with Secretaries of the Ministries ofPower, Mines and Department of Atomic Energy and the CMDs of 10 CPSEs belonging to these Ministries, to review the capital expenditure (CAPEX) in this financial year. This was 5thin the ongoing series of meetings that the Finance Minister is having with various stakeholders to accelerate the economic growth in the background of COVID-19 pandemic. The over
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FAQ :
The meeting was held to review the capital expenditure (CAPEX) of Central Public Sector Enterprises (CPSEs) for the current financial year, with the goal of accelerating economic growth.
The meeting involved Secretaries from the Ministries of Power, Mines, and the Department of Atomic Energy, along with the CMDs of 10 CPSEs belonging to these ministries.
As of November 23rd, 2020, the overall CAPEX achievement was Rs. 24,227 crore, which represents 39.4% of the target for the financial year 2020-21.
The Finance Minister stressed the need to achieve 75% of the CAPEX target by the third quarter and over 100% by the fourth quarter of FY 2020-21.
She asked the Secretaries to closely monitor the performance of CPSEs to ensure CAPEX targets are met, develop a plan for achieving them, and proactively resolve any outstanding issues faced by the CPSEs.
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