INSUBCONTINENT EXCLUSIVE:
Select CPSEs have undertaken capital expenditure of Rs 98,000 crore, Mr Subramanian said.Detailing steps undertaken by the government on
reviving the country's economy, which grew at 4.5 per cent in the July-September period to mark its slowest pace in over six years,
Finance Minister Nirmala Sitharaman said on Friday,"results of some measures have started showing."Addressing the media on steps taken by
the government, Chief Economic Advisor Krishnamurthy Subramanian said 66 per cent of Rs 3.38 lakh crore budgeted expenditure has already
been spent by the government.Select Central Public Sector Enterprises (CPSEs), which include 32 Maharatnas and Navratnas, have undertaken
expenditure of Rs 2.46 lakh crore by December 31, 2019, Mr Subramanian added.To enable cash flow in the system, Mr Subramanian said most of
rates linked to external benchmarks has led state-run banks to launch repo rate-linked loan products and more than 8 lakh repo rate
linked-loans amounting to Rs 72,201 crore have been sanctioned as on November 27.India received record foreign direct investment (FDI) of
$35 billion in fist half of the current financial year compared to $31 billion in first half of 2018-19, which is a very good sign of how
foreigners are seeing India as an investment destination, he added.
