Page 18 - Latest Updates on Capital Expenditure
Robust capital expenditure by states crucial for economic recovery: RBI
The first two quarters of FY21 saw a poor focus on capex from the states' side, data showed
 "Robust capital expenditure by states crucial for economic recovery: RBI")
Banking on Budget: A clear case for restructuring expenditure in favour of capex
In the wake of the coronavirus pandemic, Budget 2021-22 will be full of challenges. Here are some recommendations for Finance Minister Sitharaman from D K Srivastava, chief policy advisor, EY India
 "Banking on Budget: A clear case for restructuring expenditure in favour of capex")
FinMin approves Rs 9,879 cr capital expenditure proposal of 27 states
Of this, Rs 4,939.81 crore has been released in the first tranche
 "FinMin approves Rs 9,879 cr capital expenditure proposal of 27 states")
State-run oil firms spend 40% of capital expenditure target by October
Fail to meet govt directive to spend 50%, but experts say trend encouraging
 "State-run oil firms spend 40% of capital expenditure target by October")
JSW Cement arm plans Rs 1,500-crore capital expenditure in Odisha
Once commissioned, the proposed clinker unit will service JSW Cement's manufacturing facilities across East India and is expected to create around 500 direct and indirect jobs
 "JSW Cement arm plans Rs 1,500-crore capital expenditure in Odisha")
Apollo Tyres lines up capital expenditure of Rs 2,600 cr for FY21, FY22
The company said that the demand is good and it is bullish about Q3 & Q4
 "Apollo Tyres lines up capital expenditure of Rs 2,600 cr for FY21, FY22")
Savings, profits, stocks can't stay high for long amid low income and interest rates
Things that cannot go on forever will not go on forever. There will be a change in the direction of the wind. One must hope it will be slow and calibrated, writes T N Ninan
Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction
The government is hoping that the green shoots visible in high-frequency data will further translate into a GDP uplift. And the latest measures - pragmatic and specific - will aid that
 "Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction")
States' capital expenditure cut to cause GDP fall, estimates ICRA
While ICRA estimates an 11 per cent contraction in the overall GDP in FY21, it expects the contraction to narrow to 5-7 per cent in the Q3 and 1-2 per cent in Q4
 "States' capital expenditure cut to cause GDP fall, estimates ICRA")
Covid-19 impact: Govt capital expenditure declines 41% in September
Result of labour unavailability and high base, say experts
 "Covid-19 impact: Govt capital expenditure declines 41% in September")
Stimulus 2.0: Govt measures too little too late; may not move the needle
Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale
 "Stimulus 2.0: Govt measures too little too late; may not move the needle")
Fiscally restrained govt tries new formula to boost festive consumer spend
The government will also give interest-free 50-year loans to the States for capital expenditure of Rs 12,000 crore
 "Fiscally restrained govt tries new formula to boost festive consumer spend")
Higher capital expenditure could help states deal with projects: Experts
The central allocation of Rs 25,000 crore, in addition to Rs 4.13 trillion given in the Union Budget, would be provided to states for capital expenditure
Railways achieves 31% of targeted capex in five months despite Covid-19
During the time of lockdown, the Railways increased the pace of infrastructure works, completing almost 200 projects that needed a traffic blockade
 "Railways achieves 31% of targeted capex in five months despite Covid-19")
After 40% rise in Q1, capital expenditure dropped in July, shows data
Analysts say there is need to wait to gauge govt's plans
Centre has walked the talk on capex, shows official data
Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end
Severe shock to consumption, economy will take longer to recover: RBI
"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank
 "Severe shock to consumption, economy will take longer to recover: RBI")
State-run oil and gas firms set to invest Rs 1.62 trillion this year
At present, the sector is seeing work on 8,363 projects with an anticipated cost of Rs 5.88 trillion.
 "State-run oil and gas firms set to invest Rs 1.62 trillion this year")
FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1
This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic
 "FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1")
Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept
She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said