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With an aim to give a fillip to capital expenditure (CAPEX) and infrastructure progress in the country, Union Minister for Finance & Corporate Affairs Nirmala Sitharaman held review meetings with the Ministry of Civil Aviation and Department of Telecommunications (DoT).

In the meeting, the Finance Minister emphasised that there must be an accelerated phase of infrastructure development and Ministries must continuously make concerted efforts to ensure that project implementation is fast-tracked.

Besides, the Finance Minister exhorted officials to monitor implementation of projects besides monitoring release of funds.  Sitharaman reiterated that infrastructure projects are priority for the Government and necessary funds will be made available for CAPEX.

Further, Sitharaman underlined that the infrastructure spending includes not only Central Government budgetary expenditure on infrastructure, but also spending by State Governments and the private sector. The private CAPEX on infrastructure, and those under Public-Private Partnership should also be tracked to capture the entire infra progress in the country.