FM Nirmala Sitharaman holds 4th review meeting on CAPEX of CPSEs
New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday held Video Conference with Secretaries of the Ministries of Petroleum & Natural Gas and M/o Coal, together with the CMDs of 14 CPSEs belonging to those Ministries, to evaluate the capital expenditure (CAPEX) on this monetary yr.
This was 4th within the ongoing sequence of conferences that the Finance Minister is having with varied stakeholders to speed up the financial development within the background of COVID–19 pandemic.
In FY 2019-20, towards the CAPEX goal of Rs. 1,11,672 crore for these 14 CPSEs, the achievement was Rs. 1,16,323 crore i.e. 104%. FY 2019-20, H1 achievement was Rs. 43,097 crore (39%) and achievement of FY 2020-21, H1 is Rs. 37,423 crore (32%). CAPEX goal for 2020-21 is Rs. 1,15,934 crore.
While reviewing the efficiency of CPSEs, Sitharaman mentioned that CAPEX by CPSEs is a essential driver of financial development and should be scaled up for the FYs 2020-21 & 2021-22. The Finance Minister requested the involved Secretaries to intently monitor the efficiency of CPSEs with the intention to make sure the capital expenditure to the tune of 75% of the capital outlay by the top of Q3 of FY 2020-21 and make applicable plan for it.
Sitharaman expounded that extra co-ordinated efforts are required on the ranges of Secretary of involved Ministries and CMDs of CPSEs to realize CAPEX targets.
Live TV
#mute
While mentioning the numerous function of CPSEs in giving a push to the expansion of the Indian economic system, the Finance Minister inspired the CPSEs to carry out higher to realize their targets and to make sure that the capital outlay for FY 2020-21 is spent correctly and inside time. She mentioned that higher efficiency of CPSEs may help the economic system in a giant strategy to get well from the impression of COVID-19.
The CPSEs CAPEX evaluate is carried out collectively by Department of Economic Affairs and Department of Public Enterprises.
$(function() { return $("[data-sticky_column]").stick_in_parent({ parent: "[data-sticky_parent]" }); });
reset_scroll = function() { var scroller; scroller = $("body,html"); scroller.stop(true); if ($(window).scrollTop() !== 0) { scroller.animate({ scrollTop: 0 }, "fast"); } return scroller; };
window.scroll_it = function() { var max; max = $(document).height() - $(window).height(); return reset_scroll().animate({ scrollTop: max }, max * 3).delay(100).animate({ scrollTop: 0 }, max * 3); };
window.scroll_it_wobble = function() { var max, third; max = $(document).height() - $(window).height(); third = Math.floor(max / 3); return reset_scroll().animate({ scrollTop: third * 2 }, max * 3).delay(100).animate({ scrollTop: third }, max * 3).delay(100).animate({ scrollTop: max }, max * 3).delay(100).animate({ scrollTop: 0 }, max * 3); };
$(window).on("resize", (function(_this) { return function(e) { return $(document.body).trigger("sticky_kit:recalc"); }; })(this));
}).call(this);
} on_load_google_ad(); function sendAdserverRequest() { try { if (pbjs && pbjs.adserverRequestSent) return; googletag.cmd.push(function() { googletag.pubads().refresh(); }); } catch (e) {
googletag.cmd.push(function() { googletag.pubads().refresh(); }); } } setTimeout(function() { sendAdserverRequest(); }, 5000);
function on_load_fb_twitter_widgets(){ (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.9"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));
window.twttr = (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0], t = window.twttr || {}; if (d.getElementById(id)) return t; js = d.createElement(s); js.id = id; js.src = "https://platform.twitter.com/widgets.js"; fjs.parentNode.insertBefore(js, fjs); t._e = []; t.ready = function(f) {
t._e.push(f); }; return t; }(document, "script", "twitter-wjs")); }
//setTimeout(function() { on_load_google_ad(); }, 5000); setTimeout(function() { on_load_fb_twitter_widgets(); }, 5000);
Source