Finance Minister Nirmala Sitharaman, today, met with the Secretaries and Financial Advisors of key selected Ministries, on Friday, to review total CAPEX in 2019-20 till September, and plan for future CAPEX in the current financial year. She met the select private sector banks, Non-Banking Financial Companies (NBFCs) and Housing finance companies (HFCs) in New Delhi, on Thursday.
- Intention to ensure govt does not sit on due payments: FM
“At this stage, my intention is to make sure that the government does not sit on payments which are due, govt does not sit on CAPEX (capital expenditure) which it had planned,” FM said.
Called for ministries to provide their CAPEX plans for the next four quarters: FM
FM said, “I have called for ministries to provide their CAPEX plans for the next four quarters. The details are expected to come within a week.” She further said, that almost to 90 percent of the outstanding GST dues had been cleared as of August 23, when the GST refunds were first mentioned by her.
- Total Capex spend at 42 percent: Expenditure Secy
The expenditure secretary said that the total Capex spends at 42 percent till August-end.
- FM on next meeting
Finance Minister during the press meets: We’ll have a separate meeting with different agencies of public sector undertaking and other agencies which come under different ministries.