Finance Minister updated on efforts to attract private capital
Budgetary Capex allocation for the Ministry of Road, Transport and Highways has increased by 90% to Rs.2.72 lakh crore in FY2024-25 from Rs.1.42 lakh crore in FY2019-20 for “meaningful creation of assets for public utility,” Finance Minister Nirmal Sitharaman said during a Capex review bse .
Underlining the importance of setting Quarterly targets and ensuring that they are achieved within a stipulated timeframe, the Minister exhorted the respective Ministries to expedite implementation and make up for the Q1 and Q2 target in Q3 FY2024-25 itself sbi .
Sitharaman reviewed the Capital Expenditure (Capex) for Ministry of Road, Transport and Highways and Ministry of Communication, in New Delhi on 3 Sept nse .
During the meeting, the Minister was updated on efforts being made to attract private capital through various measures while ensuring that asset recycling targets are also met globaltenders .
She also reviewed FY2024-25 capex plans for Bharat Net Programme, 4G mobile projects – Indigenous Technology, Network for Spectrum, and 4G saturation and other mobile projects were discussed deutsche-boerse .
The estimated Capex Budgetary allocation for the Ministry of Communication in FY2024-25 stands at Rs.28,835 crore conexpoconagg .
At Department of Telecommunications (DoT) meeting, the Minisster was apprised about the Capex plan and targets for the BharatNet project, which aims to provide affordable broadband services to citizens in rural and remote areas ted.europa.eu/en/ .
She was given an update on the completely indigenous 4G technology as well as 21,000 4G mobile towers that are on air with 30 lakh consumers techindiaexpo.com . Fiinews.com
