You are here: Home » Economy & Policy » News
Business Standard

FM asks civil aviation ministry, DoT to expedite capital expenditure

Finance Minister Nirmala Sitharaman on Monday reviewed the progress of capital expenditure by the civil aviation ministry and the telecom department and asked them to expedite projects

Nirmala Sitharaman | Capex | DoT

Press Trust of India  |  New Delhi 

Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman

Finance Minister on Monday reviewed the progress of capital expenditure by the and the telecom department and asked them to expedite projects.

During the meeting, progress of capital expenditure, implementation of infrastructure projects and asset monetisation plans with the Ministry of Civil Aviation and Department of Telecommunications (DoT) were reviewed.

"Finance Minister Smt. @nsitharaman asked Ministry of Civil Aviation @MoCA_GoI to ensure that more projects are grounded and spending in FY23 is substantially higher than the present estimated target," the finance ministry tweeted.

Union Budget for 2021-22 has provided a capital outlay of Rs 5.54 lakh crore, an increase of 34.5 per cent over the Budget Estimate of 2020-21.

"Finance Minister Smt. @nsitharaman asked Dept. of Telecommunications @DoT_India to expedite digital expansion plans of the entire #NorthEast with a focus on #AspirationalDistricts," another tweet said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 25 2021. 20:25 IST