FM holds meeting with officials of Ministries, CPSEs to review capital expenditure situation

Finance Minister Nirmala Sitharaman today said, the better performance of Central Public Sector Enterprises can help the economy in a big way to recover from the impact of COVID-19.

The Finance Minister today held a meeting with the officials of the Ministries and Central Public Sector Enterprises, CPSEs to review the capital expenditure situation in the current financial year. During the meeting, CPSEs discussed the constraints being faced by them due to COVID-19 pandemic.

Ms Sitharaman said, extraordinary situation requires extraordinary efforts and collective efforts will ensure better performance to achieve better results.

While highlighting the significant role of these enterprises, she encouraged the enterprises to perform better to achieve their targets. She asked officials to monitor the performance of CPSEs in order to ensure capital expenditure of 50 per cent of capital outlay by the end of second quarter of this financial year. The combined capital expenditure target for seven Central Public Sector Enterprises is 24 thousand 663 crore rupees