FM Sitharaman asks departments to prepare capex plans for next 4 quarters

Most infra ministries have reached 50% of FY20 capex target

The finance ministry has asked all central government departments to come up with a road map for their capital expenditure requirements for the next four quarters, Finance Minister Nirmala Sitharaman said on Friday after meeting secretaries and financial advisors of various ministries to review their capex plans.

Sitharaman will meet heads of non-banking state-owned companies to review their capital spending plans as well, on Saturday.

“I have asked them to give us well in advance their plans for capital spending for the next four quarters, so that there is a clear commitment on where the capex will be targeted, and what they