Finance Minister gave this instruction to various ministries to give momentum to the economy
Finance Minister gave this instruction to various ministries to give momentum to the economy
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New Delhi: Facing the opposition's criticism of the economic slowdown in the country, the central government is taking many steps in this direction. The Finance Minister has made several big announcements in the past by holding several press conferences. In which company tax reduction is the major. Now, to give momentum to the economy of the country, in the General Budget 2019-20, the funds allocated for infrastructure facilities like roads, rail and airports have been spent on time.

Chief Economic Advisor said this on the five trillion dollar economy

The Finance Minister called a meeting of top officials of various ministries and took stock of how much he has spent in the current financial year for the capital expenditure. He also asked about his plans for capital expenditure during the next two quarters. Sitharaman said that the amount given in the budget for capital expenditure should be monitored every month to spend on time.

At the same time, he also directed the government to make timely payments to the goods or services providers, especially the MSMEs. Sitharaman said after a meeting in the Finance Ministry here that departments and ministries should make regular payments as it would bring investment The cycle revolves. The Finance Minister said that officers should make every effort to ensure that all pending payments are made before the start of the festive season.

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GC Murmu, Secretary, Department of Expenditure, Ministry of Finance, who was present on the occasion, said in response to a question that the payment of about Rs 60,000 crore bills were pending, out of which about Rs 40,000 crore has been approved. All industries have welcomed government tax cuts by the government.

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