Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept

Finance Minister Nirmala Sitharaman on Friday exhorted large central public sector enterprises (CPSEs) to achieve by next month 50 per cent of their planned capital expenditure target for FY21 to support economic growth in the backdrop of challenges posed by Covid-19.

She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said.

The chairman and managing directors of seven CPSEs belonging to these ministries also attended the meeting to review the capital expenditure (CAPEX) in this financial year, it said.

This was the third meeting in the