Finance ministry asks departments, PSUs to expedite capital expenditure

These capex reviews come just a day after Finance Minister Nirmala Sitharaman met representatives of the infrastructure sector

As part of the Modi government’s bid to boost economic activity and pump in liquidity into the infrastructure sector, senior finance ministry officials are meeting officials from other departments, as well as state-owned firms. The PSUs are being told to boost capital expenditure (capex), while the departments, especially those related to infrastructure sectors, are being told to expedite spending of allocated sums and release outstanding payments to contractors.

Economic Affairs Secretary Atanu Chakraborty and Expenditure Secretary Girish Chandra Murmu on Thursday met officials from the ministries of road transport & highways, railways, telecom, and housing & urban affairs to review their