(LiveMint)
Finance Minister Nirmala Sitharaman urged state-owned enterprises to step up their performance and meet their capital spending targets to give a big push to economic growth.
Sitharaman reviewed performance of the companies at a video conference with secretaries of ministries handling oil, power, coal, mines and atomic energy and heads of 23 state-owned companies. An official statement said the meeting was part of a series interactions Sitharaman was holding with various stakeholders to rev up the economy amid pandemic.
Sitharaman asked secretaries of the departments to closely monitor the performance of central government-owned firms to ensure that half of the capital expenditure earmarked for FY21 is utilised by the second quarter.
