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FM Nirmala Sitharaman Asks High Capex Ministries, Including Rlys, To Boost Spending

Taking note of the slow spending in the rail sector, Finance Minister Nirmala Sitharaman has written a letter to Railway Minister Aswhini Vaishnaw, to step up the budgeted capital expenditure to shore up the economy.

Taking note of the slow spending in the rail sector, Finance Minister Nirmala Sitharaman has written a letter to Railway Minister Aswhini Vaishnaw, to step up the budgeted capital expenditure to shore up the economy. This is part of the finance ministry’s letters to all ministries to boost capex spending before the year draws to a close.

The Railways incurs capital expenditure on electrification, new lines, doubling and rolling stock procurement among other items.

Sitharaman has pointed out that capital expenditure of the Railways till November-end 2021 was only 61 percent of the budget target.

Source
Swarajyamag
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