Nirmala Sitharaman asks CPSEs to front load FY20 capex

Finance Minister Nirmala Sitharaman held meeting with the 32 large central public sector enterprises and asked them to frontload their capital expenditure and clear all dues of all goods and service providers by 15 October. CPSEs have also been asked to build a portal by 15 October where delay in payments can be monitored on a regular basis, Sitharaman said after reviewing the capex plan of CPSEs. Sitharaman had held a similar review meeting of 21 infrastructure related government departments on Friday. These developments come in the backdrop of the government trying to revive the Indian economy which grew at an over six-year low of 5% during April-June.