There is a need to accelerate the pace of economic development in the Corona period. To accomplish this task, the government is asking the public companies to spend. In the current financial year, the capital expenditure target of 23 central public companies of the country is 1,65,510 crore. It is believed that meeting the capital expenditure target by the public companies will help a lot in turning the wheel of economic development faster.
According to the media report, Finance Minister Nirmala Sitharaman held a meeting with the CMD of the central public companies in this regard on Tuesday. CMDs of all 23 central public companies took part in this virtual meeting with the Finance Minister. According to the ministry sources, in the meeting, the finance minister reviewed the capital expenditure incurred by the central companies so far. She said that the better performance of central companies will help the economy to overcome Covid 19. She also inspired these companies to spend their capital on time.
A special report of the Department of Economic Affairs, Ministry of Finance has come out. In which it has been said that the economy has increased due to the consumption of electricity and petrol. The increase in the e-way bill is also indicating this. According to the report, electricity consumption in April this year was 24 percent less than in April last year, which came down to 15.2 percent in May. During the period from June 1 to June 28 this year, the consumption of electricity declined by only 11.3 percent compared to the same period last year.
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