CM Majhi Advocates for Capex Growth to Enhance Employment

Tuesday, 20 August 2024, 16:54

CM Majhi is pushing for capex growth to boost employment through timely development projects. His call emphasizes financial discipline and inter-departmental coordination.
Newindianexpress
CM Majhi Advocates for Capex Growth to Enhance Employment

CM Majhi's Commitment to Capex Growth

BHUBANESWAR: Chief Minister Mohan Charan Majhi on Tuesday advised secretaries of all departments to expedite development projects and ensure that plan expenditure is made on time. Chairing a meeting of all secretaries at Lok Seba Bhawan, Majhi emphasised the importance of capital expenditure which will stimulate growth and create employment opportunities.

Importance of Teamwork and Coordination

As the state government has a poor record in utilisation of budgetary allocations, Majhi underscored the need for augmentation of technical manpower in departments handling infrastructure projects. He also stressed the importance of teamwork and proper coordination among departments.

Financial Insights

  • Principal secretary Finance department Saswat Mishra presented a comparative income and expenditure account for the first four months of 2023-24 and 2024-25 financial years.
  • The total income during this period of the current fiscal was Rs 57,085 crore as against Rs 51,234 crore during the corresponding period last year.
  • There is a growth of 11.42 per cent in revenue income.

For more financial updates, consider visiting the source.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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