Modi govt cuts capital expenditure by oil PSUs; spending drops to 4-year low in 2019-20

Oil PSUs had proposed an investment of Rs 89,335 crore in the current fiscal year ending March 31, 2019, but will end up investing Rs 94,438 crore. This is lower than Rs 132,003 crore invested in 2017-18, Rs 104,426 crore in 2016-17 and Rs 97,223 crore invested in 2015-16.

from The Financial ExpressThe Financial Express http://bit.ly/2RCu7w8
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