PSUs asked to front load Capex by the Finance Minister
Finance minister Nirmala Sitharaman said that the state-run companies and railway sectors and the other two ministers should know the capital plans which were in the Budget. This will underline the economy.
The government is working on the Budget and economic activity, which has taken a beating in the second wave of the coronavirus pandemic. There are instructions related to the small, micro, and medium enterprises, and these have issues related to the liquidity crunch in the lockdown.
The finance minister said that The enhanced CAPEX plays a critical role in the economy as the capital performance of ministers and CPSEs are used. They were encouraged to front load. They aim to achieve more than their CAPEX targets.
Sitharaman said about the 34% increase in the capital layout of the year, and the higher CAPEX needs PSUs.