Track this space for all updates on Finance Minister Nirmala Sitharaman’s address to the media following her meeting with ministry officials with a major infrastructure spend.
05:25 PM- We are looking to cap expenditure at this stage to ensure that the spending continues:FM Sitharaman.
05:05 PM- Close to 90 percent of the outstanding GST dues, as of August 23 when I first mentioned the GST refunds, have been cleared.
05:02 PM- I have called for ministries to provide their capex plans for the next four quarters. The details are expected to come within a week: FM Sitharaman.
04:58 PM- The ministries and PSUs will clear all the non-litigation related dues: FM Sitharaman.
04:51 PM- FM Sitharaman: The idea is to ensure that there are no outstanding dues to various ministries for services provided.
04:50 PM- Total capex spend is at 42 percent till August-end, said Expenditure secretary.
04:35 PM- Finance Minister Nirmala Sitharaman may have met with officials of various ministries related to infrastructure to understand what else can be done to boost the economy, which is at a six-year low. She is also expected to have met with officials of public sector undertakings towards the same end, according to an Economic Times report. It noted that measures to boost spending and the timely release of payments for stuck projects is the key priority.