Page 17 - Latest Updates on Capital Expenditure
With massive investment plans, steel leads India Inc's capacity expansion
Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters
 "With massive investment plans, steel leads India Inc's capacity expansion")
CG Power lines up Rs 135 cr capital expenditure in current financial year
CG Power and Industrial Solutions, acquired by Tube Investments last year, has chalked out capital expenditure plans of Rs 135 crore during the current financial year, the company said.
 "CG Power lines up Rs 135 cr capital expenditure in current financial year")
FM asks ministries to front load capex; explore PPPs for viable projects
Finance Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects.
 "FM asks ministries to front load capex; explore PPPs for viable projects")
Statsguru: A decline in growth poses risks to govt's fiscal forecast
While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.
 "Statsguru: A decline in growth poses risks to govt's fiscal forecast")
Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more
Here are the best of Business Standard's opinion pieces for Wednesday
 "Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more")
States to get Rs 15,000 cr more from Centre to boost capital expenditure
This is in the wake of the economy facing headwinds on account of a second Covid wave
 "States to get Rs 15,000 cr more from Centre to boost capital expenditure")
Govt to provide Rs 15,000 crore to states for capital expenditure
This is an interest-free 50-year loan for spending on capital projects.
 "Govt to provide Rs 15,000 crore to states for capital expenditure")
60% of govt 'spending spree' inevitably goes towards committed outlay
With schemes like MGNREGA and cash support via PM-KISAN given priority in allocation from the remainder, govt is forced to dip into capital receipts from disinvestment and borrow from the market
 "60% of govt 'spending spree' inevitably goes towards committed outlay")
Best of BS Opinion: For whom Covid bell tolls, Defending pvt sector & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: For whom Covid bell tolls, Defending pvt sector & more")
Balkrishna Ind's Rs 1,900 cr capex plan sparks profit taking; stock down 8%
With 9MFY21 volumes of approximately 159,130 MT, the management increased guidance for FY21 and expects to end FY21 with a sales volume of 215,000-220,000 MT
 "Balkrishna Ind's Rs 1,900 cr capex plan sparks profit taking; stock down 8%")
Two-wheeler makers plan to resume capital expenditure plans in FY22
This will come as a boost for the government, seeking private sector capex
 "Two-wheeler makers plan to resume capital expenditure plans in FY22")
Slower consolidation to constrain fiscal strength over medium term: Moody's
Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected
 "Slower consolidation to constrain fiscal strength over medium term: Moody's")
Budget not just about raising, lowering tax: Finance secretary A B Pandey
The Budget should not be seen only as an exercise where you increase or decrease taxes, but also where you provide stability of rates, says Pandey
 "Budget not just about raising, lowering tax: Finance secretary A B Pandey")
A driver of economic revival
The finance minister must be appreciated for resisting the temptation to increase taxes
Budget creates space for supporting economy: CRISIL MD & CEO Ashu Suyash
The onus was on the government to do the heavy lifting for reviving the investment cycle as a broad-based recovery in private capex is not yet in sight
 "Budget creates space for supporting economy: CRISIL MD & CEO Ashu Suyash")
Govt takes capital expenditure route to spur growth in Budget 2021
At 15.9%, capex share in total spend for FY22 will be the highest in over a decade
 "Govt takes capital expenditure route to spur growth in Budget 2021")
Spend, earn, tax: Finances of Union Budget 2021 explained in nine charts
Taxes on individual incomes will now bring more revenue to the government than taxes on corporate profits
 "Spend, earn, tax: Finances of Union Budget 2021 explained in nine charts")
Atmanirbhar Kisan: FM Sitharaman allows mandis to access Agri Infra Fund
Cess might not pinch the pocket much as it could be offset by cut in customs duty
 "Atmanirbhar Kisan: FM Sitharaman allows mandis to access Agri Infra Fund")
Budget share of capital expenditure highest in decade, aims for investments
Public spending push is expected to help push growth after pandemic slowdown in investments
 "Budget share of capital expenditure highest in decade, aims for investments")
Budget 2021 is fiscally stimulating, but more on expenditure side
Budget has delivered a fairly effective boost on capex while bringing about some reforms in the financial sector
 "Budget 2021 is fiscally stimulating, but more on expenditure side")