Business

Govt. keen to push infra spending: Nirmala Sitharaman

Govt. keen to push infra spending: Nirmala Sitharaman

TIL Desk/Business/New Delhi/ Finance Minister Nirmala Sitharaman on Friday said the ministries have cleared most of the dues of goods and services to suppliers, mostly MSMEs, and the remaining payments will be done in the next few days.

The minister also said that ministries have been asked to provide detailed capital expenditure plans for the next four quarters as the government looks to boost growth with spending push.Out of the total outstanding dues of about Rs 60,000 crore, Rs 40,000 crore has been cleared.

And the remaining amount, which is not involved in litigation, will be cleared by the first week of October. This meeting assumed significance amid concerns raised by micro, small and medium enterprises (MSMEs) that their payments were not being cleared by the different wings of the government within time.

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