Government ministries should follow setting quarterly targets on capital expenditure and ensure that they are achieved within a stipulated timeframe, Finance Minister Nirmala Sitharaman said on September 3.
The minister chaired a meeting to review the capex for Ministry of Road, Transport and Highways and Ministry of Communication, in New Delhi.
“Emphasising on the meaningful creation of assets for public utility, FM Sitharaman underlined the importance of setting Quarterly targets and ensuring that they are achieved within a stipulated timeframe,” according to a government statement. She “exhorted the respective Ministries to expedite implementation and make up for the Q1 and Q2 target in Q3 FY2024-25 itself.”
During the Ministry of Road, Transport and Highways’ capex review for FY25, overall capex on National Highways, targets for award and construction in coming Quarters, attracting private capital through various measures and meeting asset recycling targets were discussed.
Capex plans in FY25 for Bharat Net Programme, 4G mobile projects – indigenous technology, network for spectrum, and 4G saturation and other mobile projects were discussed during the Ministry of Communication review.
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