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FM Nirmala Sitharaman reviews Capital Expenditure & Payments of Maharatnas, Navratnas CPSEs

The meeting was held as part of the series of meetings that the Finance Minister has been having with various stakeholders and the measures that have been taken to accelerate the economic growth rate.

The meeting was attended by Finance Secretary, Secretary DEA and Expenditure Secretary.

Briefing media after the meeting, the Finance Minister said the enterprises have been asked to review all post-arbitration counterclaims while adding that a delay of regular nature is often used as an explanation for delayed payments.

The Finance Minister also said that CPSEs must ensure that regular payments are cleared expeditiously as it spurs investment cycle and establish e-Billing portal for enabling stakeholders to track the status of payments while adding that special efforts must be made to clear dues of MSMEs and resolve cases on the SAMADHAN portal.

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