Nirmala Sitharaman tells ministries to formulate their CAPEX plans

Finance Minister Nirmala Sitharaman dressed media following her meeting with ministry officials on Friday. In her dress, she said that country’s CAPEX (capital expenditure) is on track. She has also said government owes only Rs. 20,000 crore dues and se dues will be released by first week of October.

Finance Minister asks Ministries to clear payments

Finance Minister asked ministries and departments that regular payments to be cleared expeditiously as it spurs investment cycle. She also emphasised on importance of making sure that outstanding payments be cleared before festive season. 

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‘ Government will t sit on payments due’ says Nirmala Sitharaman

meeting was called to review total CAPEX  by ministries 2019-20 and plan for future in current financial year. “We are looking at our Budget target. larger story is that Government will t sit on payments due,” Nirmala Sitharaman ded. 

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Nirmala Sitharaman assures liquidity crisis

Earlier Nirmala h assured that re is liquidity crisis in country after a meeting with officials from Private Sector Banks. Sitharaman also revealed that small finance banks were on a smooth path. She also said that re was positive growth in rural areas where demand for loans was higher.

Major ecomic reforms to boost ecomy

In last few weeks, Government has come up with various moves to boost ecomy. Finance Minister h anunced merger of major PSU banks. Government also cut down corporate tax rate to 25.17% recently. India also opened its doors furr to foreign direct investment (FDI) and allowed 100% FDI in commercial coal mining and allowed contract manufacturing through automatic route. Prime Minister Narendra Modi also dressed Bloomberg Global Business Forum in New York and encourd corporate leers from across globe to invest in India in an eloquent assurance.

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(With ANI inputs)