Financing Minister Nirmala Sitharaman evaluated capex plans of civil aviation and telecom sectorsAiming to increase capital expenditure of significant infrastructure sectors like civil air travel and telecom, Finance Minister Nirmala Sitharaman on Monday carried out an evaluation conference with the senior officials of both the ministries.Underlining the need for quick tracking facilities advancement, she stated that higher capital expenditure in the next couple of months is needed to attain higher financial growth.Capital expenditure of the very first 2 quarters of the current financial, front loading of expenditure, approximated targets of capital spending by both civil aviation and telecom ministries and their particular public sector endeavors in the upcoming quarters of 2021-22, were the main issues talked about throughout the meeting.Ms Sitharaman said that ministries need to pool in their efforts to guarantee greater capital investment in the next couple of months to attain higher growth in the economy.She required regular monitoring of facilities tasks in addition to the funds released for them, including that such jobs come under federal government's priority areas.Spending on facilities tasks ought to be done also by states as well as the private sector, the finance minister stated.
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