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

Most infra ministries have reached 50% of FY20 capex target

Finance Minister Nirmala Sitharaman chairs a meeting of secretaries and financial advisors of key ministries to review their capital expenditure in 2019-20 | Photo: PTI
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Finance Minister Nirmala Sitharaman chairs a meeting of secretaries and financial advisors of key ministries to review their capital expenditure in 2019-20 | Photo: PTI

Arup Roychoudhury New Delhi
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

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First Published: Sep 27 2019 | 10:28 PM IST

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