PSUs may go slow on new projects in FY18

Psu Connect Date: 06-02-17

NEW DELHI.The Budget proposals could lead to a further slowdown in capital expenditure by central public sector enterprises (CPSEs), delaying the investment revival in the economy. The Union Budget 2017-18 projected a five per cent decline in resource generation by public enterprises in FY18, including internal accruals.

It estimated all central PSEs to generate Rs 3.85 lakh crore worth of resources in FY18, down from Rs 4.06 lakh crore in the current financial year. In comparison, government capital expenditure is budgeted to grow by 1.3 per cent in FY18. BUsiness Standard

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : Hindustan Copper clarifies about no impact on US-backed 50% tariff imposition on Copper Imports

Note*: All the articles and given information on this page are information based and provided by other sources . For more read Terms & Conditions