Finance ministry tells large CPSEs to accelerate investment activities

The meeting also called upon public sector undertakings to resolve outstanding payments

The finance ministry on Friday asked large central public sector enterprises (CPSEs) to accelerate their investment activities and monitor release of payments for various projects to push up economic growth. 

The growth had plunged to over six-year low in the first quarter of the current financial year. 

At a meeting between finance ministry officials and heads of ‘Maharatna’ and ‘Navratna’ CPSEs, the public sector enterprises were also told to resolve outstanding payments, held up due to disputes. 

The meeting, co-chaired by economic affairs secretary Atanu Chakraborty, expenditure secretary G C Murmu and also attended by financial advisors of infrastructure ministries, also reviewed capital