Page 16 - Latest Updates on Capital Expenditure
Top headlines: Booster to be same as first 2 doses, govt cuts capex by 41%
Federal Reserve may need to hike rates faster, reduce balance sheet quickly. More on that in today's top headlines
 "Top headlines: Booster to be same as first 2 doses, govt cuts capex by 41%")
Govt cuts capital expenditure by 41% in Oct, Nov despite FM nudge
May impact growth in Q3 but capex by select states likely to come to some aid
 "Govt cuts capital expenditure by 41% in Oct, Nov despite FM nudge")
Govt has managed revenue deficit better than overall fiscal deficit in FY22
This was despite revenue expenditure accounting for 53.7 per cent of Budget Estimates, while capital expenditure was 45.7 per cent during the first seven months of the current financial year
 "Govt has managed revenue deficit better than overall fiscal deficit in FY22")
FY23 Budget: Persist with thrust on infra, India Inc tells FM Sitharaman
FM to meet economists on December 22 for pre-Budget consultations
 "FY23 Budget: Persist with thrust on infra, India Inc tells FM Sitharaman")
Railways to get Rs 20,000 cr in supplementary grants as capital expenditure
The total reworking of railway's budget though will be Rs 40,575.93 crore after the Supplementary Demand gets approved by Parliament.
 "Railways to get Rs 20,000 cr in supplementary grants as capital expenditure")
Growth spending
Govt must push capital expenditure
 "Growth spending")
Centre allows addl Rs16,691 cr borrowing for 7 states on meeting capex goal
FM to meet state CMs on Monday to push investment-led growth
 "Centre allows addl Rs16,691 cr borrowing for 7 states on meeting capex goal")
RIL Q2 net profit jumps 43% to Rs 13,680 cr as it fires on all cylinders
Revenue was up 49 per cent at Rs 191,532 crore
 "RIL Q2 net profit jumps 43% to Rs 13,680 cr as it fires on all cylinders")
Finance ministry gives nod to 11 states to borrow additional Rs 15,721 cr
The Finance Ministry has permitted 11 states to borrow an additional amount of Rs 15,721 crore after these states achieved the capital expenditure target set for the June quarter.
 "Finance ministry gives nod to 11 states to borrow additional Rs 15,721 cr")
Capex growth by states to be slower than target for FY22: CRISIL
CRISIL expected an 11-13 per cent rise in capex by these states in line with the previous financial year
 "Capex growth by states to be slower than target for FY22: CRISIL")
The ultimate scarcity: Overall consumption has stagnated over four years
Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan
KEC International to double civil business revenue to Rs 2,000 cr in FY22
With strong revenue visibility in the civil segment, the company has also been investing Rs 70-80 crore since last year as capex.
 "KEC International to double civil business revenue to Rs 2,000 cr in FY22")
Grasim Industries to invest Rs 2,600 crore in capex in FY22
Company to invest Rs 5,000 cr in paint business over three years
 "Grasim Industries to invest Rs 2,600 crore in capex in FY22")
NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan
NTPC said the loan will be utilised towards capital expenditure for ongoing/new capacity addition programmes
 "NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan")
Growth optimism: Will govt's own investment and exports be enough?
A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan
Subdued revenue spend may hit economic recovery, say economists
Experts say reduction in revenue expenditure may not result in capex rise
 "Subdued revenue spend may hit economic recovery, say economists")
Govt spending to push private capex higher after multi-year deleveraging
Orders, mostly from the govt, worth $356 bn expected in the next two years
 "Govt spending to push private capex higher after multi-year deleveraging")
Securing India's fiscal health
Govt should prepare for medium-term challenges
 "Securing India's fiscal health")
Tax buoyancy curtails Centre's fiscal deficit to an eight-year low
Centre's spending showed volatile trend during April-June period
 "Tax buoyancy curtails Centre's fiscal deficit to an eight-year low")
Infrastructure fund yields depend on govt expenditure, say analysts
Let managers of diversified equity funds decide exposure, avoid direct investment
 "Infrastructure fund yields depend on govt expenditure, say analysts")