Aiming to support the economic recovery, Finance Minister Nirmala Sitharaman on Monday has reviewed the progress of capital expenditure by the civil aviation ministry and the telecom department and asked them to ensure that project implementation is fast-tracked.
The minister exhorted officials to oversee implementation of projects besides monitoring release of funds, an official statement said.
Stressing that infrastructure projects are a priority for the government, she said necessary funds will be made available for capital expenditure (capex).
She directed officials in the Department of Economic Affairs (DEA) to work in close coordination with the Ministry of Civil Aviation to ensure that more projects are initiated and capex spending in FY'23 is substantially increased than the present target.
Sitharaman asked the Department of Telecommunications (DoT) to push its CPSE capex, fast-track asset monetisation, and work in close coordination with DIPAM to finalise the process of monetisation at the earliest, ensuring expeditious implementation of digital expansion plans in entire North-East region on priority.