Speed Post News Network
New Delhi : To give a fillip to capital expenditure (CAPEX) and infrastructure progress in the country, Union Finance & Corporate Affairs Minister Nirmala Sitharaman on November 1, 2021, chaired review meetings with Ministry of Power, Ministry of Coal, and Department of Atomic Energy here.
The review meetings were attended by Secretary (Economic Affairs), Secretary (Power), Secretary (Coal), Secretary (Atomic Energy), Additional Secretary (Coal), and Joint Secretary (Economic Affairs), amongst others.
The Finance Minister emphasised there must be close monitoring of infrastructure spending on-ground and Ministries must continuously make concerted efforts, including enhanced coordination with all states to ensure that project implementation is fast-tracked, according to a PIB release.
During the meeting, CAPEX achievements of Q1 and Q2, estimated targets of capital spending by Ministries and their Central Public Sector Enterprises (CPSEs) in the upcoming quarters of current financial year, expenditure incurred on implementation of National Infrastructure Pipeline (NIP) projects, estimation of funds to be raised by asset monetisation, projects undertaken through PPP, and Convergence under National Master Plan (Gati Shakti) were discussed.