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CPSEs to accelerate investments
Why is it in the news ?
- The Finance Ministry suggested large central public sector enterprises (CPSEs) to accelerate investment activities.
- The suggestions has been given in order to boost capital expenditure (capex) and inject liquidity in markets.
More in the news
- The move is part of the measures being taken by the government to arrest economic slowdown and to boost growth.
- The government to push expenditure in the infrastructure projects.
- The Ministry of Finance would constantly monitor the progress of large infrastructure projects for ministries as well as CPSEs and further follow-up meetings would be held.
- Weak manufacturing and consumption numbers dragged the country’s gross GDP growth to a 25-quarter low of 5 per cent in the first quarter of 2019-20.
- Additional capex will happen if the government is able to meet its revenue targets from taxes and non-tax receipts.
Source
Indian Express.