For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

FM Asks CPSEs To Clear All Outstanding Dues By 15 October

By Staff
|

In a press briefing on Saturday, finance minister Nirmala Sitharaman asked the central public sector enterprises (CPSEs) to pay outstanding dues to dealers and vendors by 15 October.

Sitharaman also said that no excuses will be heard beyond the deadline.

FM Asks CPSEs To Clear All Outstanding Dues By 15 October
 

A portal will be set up by 15 October to allow service providers, vendors and contractors to track bills and payments so as to mitigate liquidity crunch.

Sitharaman met with 32 CPSEs in New Delhi to discuss outstanding payments issue and capital expenditure situation.

Finance Secretary Rajiv Kumar said 34 central PSUs have already spent Rs 48,077 crore till August and have detailed spending of another Rs 50,159 crore till December 2019. Another Rs 54,700 crore would be spent in the January-March quarter.

Expenditure Secretary Girish Chandra Murmu said capex of all the 242-odd PSUs will be over Rs 4 lakh crore.

On Friday, Murmu said the Centre has spent Rs 2.18 lakh crore for capital expenditure so far in the financial year 2020.

The government has been working to increase the capex to boost the economy.

Story first published: Saturday, September 28, 2019, 16:41 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more