The Ministry of Finance has relaxed norms for expenditures exceeding Rs 500 crore to boost capital expenditure.

Banking & Finance

The Ministry of Finance has announced a relaxation of norms for expenditure exceeding Rs 500 crore to stimulate capital expenditure (capex). This move is aimed at boosting economic growth by facilitating faster project approvals and implementation. The new guidelines are expected to streamline processes, reduce bureaucratic delays, and encourage higher public and private sector investments in infrastructure and other capital-intensive projects. By easing these restrictions, the Ministry seeks to enhance the pace of development and improve overall economic performance. This policy change is seen as a strategic effort to accelerate economic recovery and development in the country.


      The relaxation is designed to simplify and speed up the approval process for large-scale infrastructure projects.

      The Ministry's action is intended to create a more investment-friendly environment by reducing bureaucratic hurdles.

     

 

     


About Ministry of Finance,

Officeholder: Nirmala Sitharaman (Union Minister)
Headquarters: New Delhi
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