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Finmin relaxes norms for expenditure exceeding Rs 500 cr to give boost to capex

By Economic Times - 2 months ago
The finance ministry has eased norms for expenditures over Rs 500 crore to boost capital expenditure, set at Rs 11.11 lakh crore for this fiscal year. This aims to enhance government spending, which slowed due to elections. The relaxation is subject to strict compliance with guidelines and plans by ministries.

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