India's Finance Minister urges ministries to accelerate capex and set quarterly targets for FY 2024-25.
India's Finance Minister Nirmala Sitharaman urged ministries to accelerate capital expenditure (capex) and set quarterly targets to enhance fund utilization for FY 2024-25. In recent meetings, she emphasized expediting spending in the Ministry of Road, Transport and Highways and the Department of Telecom, with budget allocations significantly increased. The aim is to revitalize capital spending after declines in earlier quarters, ensuring timely achievement of financial goals.
September 03, 2024
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