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Govt to set up panel to finalise major infra projects

Friday - August 23, 2019 10:14 pm , Category : BUSINESS
New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday said that an inter-ministerial task force would be set up to finalise infrastructure projects, as part of the measures to boost the economy.
"An inter-ministerial task force is being formed by Department of Economic Affairs (DEA) to finalise pipeline of infrastructure projects," she said, adding that these initiatives are expected to boost growth and job creation.
A Finance Ministry presentation said that "these projects would be monitored actively to accelerate capital expenditure and investments in the economy".
At present, India's economy has been impacted by a consumption slowdown which is a culmination of several factors like high GST rates, farm distress, stagnant wages and liquidity constraints.

--IANS rrb-rv/vd