Page 20 - Latest Updates on Capital Expenditure
Why a growth rate falling below 5% is a clear and present danger for India
At 5 per cent, GDP growth in the current year would be an 11-year low. Worse, this will also mark a deceleration for a third straight year, writes A K Bhattacharya
 "Why a growth rate falling below 5% is a clear and present danger for India")
NTPC raises Asia's largest Japanese yen loan of $750 million
The proceeds from the latest JPY loan would be used in to fund capital expenditure for installation of FGD systems at its existing units
 "NTPC raises Asia's largest Japanese yen loan of $750 million")
Budget 2020: Govt may increase spending on infra, offer tax incentives
In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1
 "Budget 2020: Govt may increase spending on infra, offer tax incentives")
At least Rs 1.5-2 trn capital infusion is needed: Ficci chief Sangita Reddy
If there's a time-bound plan to raise Rs 3-5 trillion through disinvestment, which is more than adequate to cover the spending, it won't affect the ratings, says Sangita Reddy
 "At least Rs 1.5-2 trn capital infusion is needed: Ficci chief Sangita Reddy")
Budget 2020: Why govt must look beyond taxes, do more with its money
Though non-tax revenues, including borrowings, account for 40% of the Budget, there seems to be little focus on boosting these or reducing borrowings by saving on expenditure, writes T N Ninan
Economists prefer capex route to boost demand amid economic slowdown
Though MGNREGA and PM-Kisan have clear rural focus, they think excess public spending should only be on capex
 "Economists prefer capex route to boost demand amid economic slowdown")
New projects surge in December quarter; up 37% at Rs 4.26 trillion
The rise in new projects is despite a fall in capacity utilisation
 "New projects surge in December quarter; up 37% at Rs 4.26 trillion")
NTPC inks Rs 5,000 crore term-loan pact with SBI for capex spending
The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years
 "NTPC inks Rs 5,000 crore term-loan pact with SBI for capex spending")
Day after GDP data, PM defends govt's record and hints at more measures
Finance Minister Nirmala Sitharaman also joined in and defended the Centre's economic record in the last six months
 "Day after GDP data, PM defends govt's record and hints at more measures")
Rising fiscal fears
A comprehensive review is needed
Vodafone Idea needs fresh round of equity infusion by 2021, say lenders
All telecom firms to remain under stress despite tariff hike
 "Vodafone Idea needs fresh round of equity infusion by 2021, say lenders")
FM Sitharaman asks departments to prepare capex plans for next 4 quarters
Most infra ministries have reached 50% of FY20 capex target
 "FM Sitharaman asks departments to prepare capex plans for next 4 quarters")
Tax windfall: India Inc to increase capex spending, retire high-cost loans
Among the profit-making companies which would gain the most in absolute terms are RIL, Oil and Natural Gas Corporation, and Indian Oil Corporation
 "Tax windfall: India Inc to increase capex spending, retire high-cost loans")
Hero MotoCorp might see reduction in earlier-projected capex of Rs 1,500 cr
There is also the anticipation of better participation from the rural markets in third and fourth quarters owing to good monsoon
 "Hero MotoCorp might see reduction in earlier-projected capex of Rs 1,500 cr")
Should the govt borrow to fund capex?
From lenders or purely fund raising point of view, money could more safely be deployed with the government entities like the NHAI and the IRFC than with private companies
 "Should the govt borrow to fund capex?")
Finance ministry asks departments, PSUs to expedite capital expenditure
These capex reviews come just a day after Finance Minister Nirmala Sitharaman met representatives of the infrastructure sector
 "Finance ministry asks departments, PSUs to expedite capital expenditure")
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
Election impact: New projects down 85% YoY in June on Capex slowdown
CMIE data puts value of new projects at Rs 43,000 cr, compared with Rs 3.45 trillion a year ago; completed projects down 60% to Rs 53,000 cr from Rs 1.33 trillion in June 2018
 "Election impact: New projects down 85% YoY in June on Capex slowdown")
Falling corporate capital expenditure, slowing rural sales worry CEOs
Another worrying sign for India Inc is the lack of new jobs in the formal sector
 "Falling corporate capital expenditure, slowing rural sales worry CEOs")