Speed up vehicle scrapping: Finance Minister
The Hindu
Nirmala Sitharaman said that enhanced capital expenditure will play a critical role in revitalising the economy post-pandemic
Finance and Corporate Affairs Minister Nirmala Sitharaman has called for expediting the implementation of the vehicle scrappage policy and improving the data as well as road connectivity in hilly regions and aspirational districts of the country. At a review meeting with the Departments of Telecom and Atomic Energy and the Ministry of Road Transport and Highways (MoRTH), Ms. Sitharaman said that enhanced capital expenditure will play a critical role in revitalising the economy post-pandemic and encouraged them to front-load such spending. While the Budget has a capital outlay of ₹5.54 lakh crore, the minister said public sector enterprises need to complement these capex efforts and ministries must tap innovating methods to fund new projects.More Related News