Published On:March 25 2013
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Cabinet Committee on Investment (CCI) meetings to hold twice a month.
The government may soon review the timelines given to public sector undertakings (PSUs) for investing surplus cash. The capital expenditure plans of PSUs for the coming financial year are also likely to be reviewed.
Besides, the government is targeting to hold meetings of the Cabinet Committee on Investment (CCI) twice a month. The CCI is likely to clear projects facing problems in the power, roads and highways sectors in its next meeting.
The government had asked cash-rich state-run companies to invest their idle funds by March to spur manufacturing or be prepared to give a higher dividend. In the light of slow economic growth, the finance ministry now also wants the private sector to invest their surplus cash. Chidambaram will hold meetings with private sector companies on their capital expenditure plans.