Page 13 - Latest Updates on Capital Expenditure
Prison resources inadequate despite 24% jump in budget allocation in 5 yrs
The states with the highest annual expenditure per inmate in 2021 were Andhra Pradesh (Rs 2.1 lakh), Haryana (Rs 1.4 lakh) and Delhi (Rs 1.1 lakh)
 "Prison resources inadequate despite 24% jump in budget allocation in 5 yrs")
Govt seeks to improve disclosures by PSUs, asks for monthly data on capex
New details such as CSR, gender-wise reporting of contractual workers, unused land, and profit share in joint venture companies have also been added in the list of disclosures
 "Govt seeks to improve disclosures by PSUs, asks for monthly data on capex")
Private consumption, capital investment rises in Q1, govt consumption slows
The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.
 "Private consumption, capital investment rises in Q1, govt consumption slows")
Tata Steel infuses around Rs 54 cr in TSML via additional shares
The funds will be used by TSML to meet capital expenditure requirements, a regulatory filing said.
 "Tata Steel infuses around Rs 54 cr in TSML via additional shares")
NTPC floats tender to raise Rs 5,000-cr term loan, bids invited till Aug 31
"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.
 "NTPC floats tender to raise Rs 5,000-cr term loan, bids invited till Aug 31")
Capital goods production expands in June, led by capex revival
The Index of Industrial Production for June, released on Friday, showed capital goods output -- which is a barometer of investment -- rose by 26.1 per cent over the year-ago period, the sharpest among
 "Capital goods production expands in June, led by capex revival")
Centre advances devolution as states hunt for funds, transfers Rs 1.16 trn
Money will help carry out their capital expenditure and welfare spending plans
 "Centre advances devolution as states hunt for funds, transfers Rs 1.16 trn")
NTPC seeks shareholders' nod to raise up to Rs 12,000 cr via bonds
The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes
 "NTPC seeks shareholders' nod to raise up to Rs 12,000 cr via bonds")
Steel players' hopeful of export duty withdraw; okay with capex plans
Export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation
 "Steel players' hopeful of export duty withdraw; okay with capex plans")
Tata Communications: Ongoing supply-side headwinds to hurt near term
Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.
 "Tata Communications: Ongoing supply-side headwinds to hurt near term")
Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23
Coal India's capital expenditure was Rs 1,841 crore in April-June period of last financial year
 "Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23")
Q1 results preview: Strong order book booster for infra, cap goods firms
Sequentially, numbers likely to decline, since June quarter is seasonally weak
 "Q1 results preview: Strong order book booster for infra, cap goods firms")
States to get matching amounts from Centre for SPSEs' privatisation
The Centre has allocated Rs 5,000 crore for disinvestment of SPSEs and asset monetisation
 "States to get matching amounts from Centre for SPSEs' privatisation")
Punjab power subsidy at multi-year high, other sops in focus in new budget
Punjab's new budget promises sops that may delay the state's date with fiscal prudence
 "Punjab power subsidy at multi-year high, other sops in focus in new budget")
Centre sets out rules on disbursing Rs 1 trillion capex funds to states
Funds provided to the states under the scheme will be used for new and ongoing capital projects as well as for settling pending bills in them
 "Centre sets out rules on disbursing Rs 1 trillion capex funds to states")
Capex for revival
Govt has done well to increase expenditure
 "Capex for revival")
Capex is the route to economic revival, says FM Nirmala Sitharaman
In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps
 "Capex is the route to economic revival, says FM Nirmala Sitharaman")
Core sector output at 13-month high in May at 18.1% on capex push
The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal
 "Core sector output at 13-month high in May at 18.1% on capex push")
Housing, roads among biggest capex gainers in FY22, PMAY urban lags
A recent analysis by Business Standard shows that only 48.7 per cent of houses had been completed until May 17
 "Housing, roads among biggest capex gainers in FY22, PMAY urban lags")
Govt to make sure capital expenditure supports growth momentum: CEA
The government is committed to ensure that capital expenditure will continue to support the economic growth momentum regained after the third Covid-19 wave, CEA V Anantha Nageswaran said
 "Govt to make sure capital expenditure supports growth momentum: CEA")