Page 3 - Latest Updates on Capital Expenditure
Centre's fiscal deficit in H1 stood at 36.5% of full-year target
In H1 of FY26, capex grew at a robust 40 per cent, exhausting more than half (51.8 per cent) of the Rs 11.2 trillion full year target against 37.3 per cent spending during the same period a year ago
 "Centre's fiscal deficit in H1 stood at 36.5% of full-year target")
Adani Energy Solutions plans ₹18,000 crore capex for FY26, says CEO
AESL CEO Kandarp Patel said the company will have a capex of about Rs 10,000 crore for Navi Mumbai entire area, which will span over about five years
 "Adani Energy Solutions plans ₹18,000 crore capex for FY26, says CEO")
Jal Shakti, Skills ministries lag as railways lead pack in total spending
Consumer affairs and railways lead FY26 spending so far, as FinMin launches early pre-budget consultations to ensure fiscal prudence and even-paced expenditure
 "Jal Shakti, Skills ministries lag as railways lead pack in total spending")
The small picture: Tracing the subtle trends behind India's capex growth
Remember that the government had for the first time in the last five years projected a single-digit growth in capex in 2025-26 to just 6.5 per cent
 "The small picture: Tracing the subtle trends behind India's capex growth")
20 states spent 27% of capital expenditure in April-August: CAG data
States spent 27% of FY26 budgeted capex in April-August, with Telangana leading and Tripura lagging, even as rising borrowings raise fiscal concerns
 "20 states spent 27% of capital expenditure in April-August: CAG data")
India's 8% growth goal at risk as private capex lags: YES Securities
YES Securities warns India's growth relies too heavily on government spending as private capital expenditure falters despite record corporate cash holdings of ₹10.35 trillion
 "India's 8% growth goal at risk as private capex lags: YES Securities")
Revenue deficit, capital spends: Key takeaways from 15th finance commission
The 15th FC had recommended a sizeable Rs. 2.9 trillion as revenue deficit grants (RDG) to a select number of states for FY2022-FY2026
 "Revenue deficit, capital spends: Key takeaways from 15th finance commission")
Uncertainties around tariffs may affect capex decisions this fiscal: Crisil
Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments
 "Uncertainties around tariffs may affect capex decisions this fiscal: Crisil")
Centre released ₹36,000 cr to states so far under special assistance scheme
The Centre has disbursed ₹36,027 crore to states and UTs under SASCI till August 11, with Uttar Pradesh receiving the highest share, followed by Bihar, Rajasthan and MP
 "Centre released ₹36,000 cr to states so far under special assistance scheme")
India Inc sees capex, demand surge after Modi's Next-Gen GST overhaul plan
PM Modi's promise of a sweeping GST overhaul aims to lower tax rates, simplify compliance, and modernise the system, spurring growth in sectors like manufacturing, housing, and consumer goods
 "India Inc sees capex, demand surge after Modi's Next-Gen GST overhaul plan")
Govt lines up ₹47,000 crore capex plan to boost BSNL network: DoT
BSNL has spent ₹25,000 crore in the last year for installing 100,000 towers for 4G mobile services
 "Govt lines up ₹47,000 crore capex plan to boost BSNL network: DoT")
Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels
The net tax revenue of ₹5.4 trillion stood at 19 per cent of the BE in Q1FY26 compared to 21.3 per cent in Q1FY25, registering a contraction of 2 per cent year-on-year (Y-o-Y)
 "Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels")
Alphabet hikes AI spending to $85 bn, sees strong Q2 sales growth
Alphabet shares rose as much as 4.1% after markets opened in New York on Thursday, their biggest intraday gain in two months
 "Alphabet hikes AI spending to $85 bn, sees strong Q2 sales growth")
FinMin looks to widen infrastructure plans for capital expenditure push
Experts say that, given the higher capital spending by the Centre in April-May of FY26, there is room to raise the capex target beyond the budgeted ₹11.2 trillion
 "FinMin looks to widen infrastructure plans for capital expenditure push")
Manufacturing dominated new projects in Q1, share at 10-quarter high
The government has been driving much of the capital expenditure (capex) in recent years through its announced investments in roads, railways, and other infrastructure projects
 "Manufacturing dominated new projects in Q1, share at 10-quarter high")
Capex rises 54% in Apr-May FY26, RBI dividend lifts revenue: CGA data
Government capex rose 54 per cent in April-May FY26 as RBI dividend boosted non-tax revenue and kept the fiscal deficit at a 28-year low for the two-month period
 "Capex rises 54% in Apr-May FY26, RBI dividend lifts revenue: CGA data")
Falling PSU disinvestment receipts as stark as higher govt capex for them
Disinvestment as a policy was launched in the early 1990s to bolster revenue and use the reduced government stake in PSUs to help enhance their autonomy
 "Falling PSU disinvestment receipts as stark as higher govt capex for them")
Nalco clarifies ₹30,000-cr smelter expansion plan on track, not deferred
Nalco denies media reports suggesting its ₹30,000-crore smelter capex has been deferred due to stalled talks with Rio Tinto; says project and partner discussions are ongoing
 "Nalco clarifies ₹30,000-cr smelter expansion plan on track, not deferred")
Govt has scope to increase capital expenditure this fiscal, says ICRA
Capital expenditure for April 2025 surged by 61 per cent year-on-year to ₹1.6 trillion
 "Govt has scope to increase capital expenditure this fiscal, says ICRA")
Datanomics: Govt betters fiscal deficit target despite lower tax receipts
The credit goes to higher GDP in nominal terms than considered by the Budget
 "Datanomics: Govt betters fiscal deficit target despite lower tax receipts")