INSUBCONTINENT EXCLUSIVE:
Finance Minister Nirmala Sitharaman on Friday said that she has asked the government departments to pay back all dues they owe to MSMEs and
goods suppliers on time.
In a press briefing in New Delhi, Sitharaman said she was meeting with the representatives of public sector units
on Saturday to ensure there were no outstanding GST dues.
She added the Centre was focusing on getting the expenditure going at the moment
“Overall expenditure as of August is 42 per cent
We will look at the fiscal deficit in time as per Budget aim,” said Sitharaman.
On the government’s expenditure plan, Expenditure
Secretary Girish Chandra Murmu said the Centre has spent Rs 2.18 lakh crore for capital expenditure so far in financial year 2020.
He added
that the government’s capex was on track and release of funds was not an issue.
The official also asked PSUs and ministries for their
capex plan for the next four quarters
“We have asked ministries to release payment in a timely manner,” Murmu added.
The expenditure secretary said the major ministries have
reached about 50 per cent of their spending till now
“Ministries have been asked to monitor capex of PSUs closely,” he said at the presser.
