New Delhi: Finance Minister Nirmala Sitharaman on Tuesday met CMDs of 23 CPSEs and emphasised the need for timely capital expenditure (capex) to give a boost to economic growth.
The combined capex target of these 23 Central Public Sector Enterprises (CPSEs) for the year 2020-21 is Rs 1,65,510 crore.
"Finance Minister Smt. @nsitharaman held meeting through VC with Secretaries and CMDs of 23 CPSEs of @PetroleumMin , @MinOfPower , @CoalMinistry, @MinesMinIndia and Dept. of Atomic Energy, to review capital expenditure in this financial year," the finance ministry tweeted.
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Finance Minister Smt. @nsitharaman held meeting through VC with Secretaries and CMDs of 23 CPSEs of @PetroleumMin , @MinOfPower , @CoalMinistry, @MinesMinIndia and Dept. of Atomic Energy, to review capital expenditure in this financial year. (1/5)#AatmaNirbharBharat pic.twitter.com/eOlPUKT2ps
— Ministry of Finance (@FinMinIndia) July 7, 2020 " class="align-text-top noRightClick twitterSection" data="
">Finance Minister Smt. @nsitharaman held meeting through VC with Secretaries and CMDs of 23 CPSEs of @PetroleumMin , @MinOfPower , @CoalMinistry, @MinesMinIndia and Dept. of Atomic Energy, to review capital expenditure in this financial year. (1/5)#AatmaNirbharBharat pic.twitter.com/eOlPUKT2ps
— Ministry of Finance (@FinMinIndia) July 7, 2020Finance Minister Smt. @nsitharaman held meeting through VC with Secretaries and CMDs of 23 CPSEs of @PetroleumMin , @MinOfPower , @CoalMinistry, @MinesMinIndia and Dept. of Atomic Energy, to review capital expenditure in this financial year. (1/5)#AatmaNirbharBharat pic.twitter.com/eOlPUKT2ps
— Ministry of Finance (@FinMinIndia) July 7, 2020
The meeting was held as part of the series of meetings that the finance minister is having with various stakeholders to accelerate economic growth.
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During the meeting, the finance minister emphasised on timely capex by the CPSEs to give a boost to economic growth of the country, it said.
"Encouraging CPSEs to perform better with timely achievement of targets, Finance Minister Smt.@nsitharaman said that better performance of CPSEs can help the economy in a big way to recover from the impact of #COVID19," the ministry said.
(PTI Report)
