Page 6 - Latest Updates on Capital Expenditure
States cut spending by 6%: Is public capex at risk of major slowdown?
Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year
 "States cut spending by 6%: Is public capex at risk of major slowdown?")
Private sector capital expenditure zooms 42% in Q2, shows CMIE data
But project completions slightly lower than in March quarter
 "Private sector capital expenditure zooms 42% in Q2, shows CMIE data")
PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale
PMEA Solar IPO: The funds raised through the fresh issue will be allocated towards capital expenditure and debt repayment
 "PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale")
Housing, road, railways lead capex spend in Apr-July period, shows data
Transfers to states for capex also slowed to 12 per cent of the budget estimate for the same period, compared to 24 per cent in the corresponding period last year
 "Housing, road, railways lead capex spend in Apr-July period, shows data")
Fiscal deficit to jobs: Economic issues new J&K govt has to tackle
The region is expected to clock a growth of 7% in FY25 but it's dependent on Central government grants
 "Fiscal deficit to jobs: Economic issues new J&K govt has to tackle")
JSW Infrastructure approves Rs 2,359 cr capex for capacity expansion
According to the statement, the expansion will increase the overall capacity of Jaigarh Port to 70 MTPA from the current 55 MTPA and Dharamtar Port to 55 MTPA from 34 MTPA at present
 "JSW Infrastructure approves Rs 2,359 cr capex for capacity expansion")
Spending lag, capacity issues behind govt's capital expenditure push
The growth slowed to a five-quarter low of 6.7 per cent year-on-year (Y-o-Y) in the April-June quarter
Jammu and Kashmir's economic landscape: Of progress and challenges
But the region spends a considerably higher amount on generating assets relative to its economic size compared to the average seen in other states
 "Jammu and Kashmir's economic landscape: Of progress and challenges")
Higher welfare spends will lead Maha to lower capital expenditure: Report
The fiscal deficit for FY25 is expected to come at 3 per cent as against the budget target of 2.5 per cent, India Ratings and Research said in a report
 "Higher welfare spends will lead Maha to lower capital expenditure: Report")
Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA
Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside
 "Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA")
Union Budget 2024: Slowdown in new projects, decline in completed projects
The govt will continue to drive investments with focus on capex spending
Budget 2024: Renewable sector likely to get double-digit capex allocation
Union Budget 2024: Capital expenditure for renewable power may witness a double-digit allocation, with capacity expected to reach 180-gigawatt by FY26, according to a CRISIL report
 "Budget 2024: Renewable sector likely to get double-digit capex allocation")
Case for reforms validated by past experience: CII President Sanjiv Puri
India is growing at a time when most economies are under stress, Puri said
 "Case for reforms validated by past experience: CII President Sanjiv Puri")
India may sustain 6.5-7% GDP growth between FY26 & FY30, says UBS
Inflation likely to be lower than RBI's 4.5% FY25 forecast
 "India may sustain 6.5-7% GDP growth between FY26 & FY30, says UBS")
Modi 3.0: Continued capex push for infra, bullet train among priorities
The new railway minister will oversee the execution of several important initiatives in the Centre's 100-day agenda planned before the elections
 "Modi 3.0: Continued capex push for infra, bullet train among priorities")
Employment focus to drive capex push for engineering, infra firms: Execs
One of the election agendas was unemployment. You cannot do capex without generating employment. It is interlinked, says analyst
 "Employment focus to drive capex push for engineering, infra firms: Execs")
FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report
India's income tax receipts rose 17.7% year-on-year to nearly $235 billion in 2023/24, higher than government's projection
 "FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report")
Pvt sector investment in FY23 fell to Covid-year levels, govt's share up
Public non-finance corporations' (PSUs) share in investment continued to decline, registering at 9.4 per cent in FY23, according to government data
 "Pvt sector investment in FY23 fell to Covid-year levels, govt's share up")
Vi FPO rings in vigour for telecom sector, may reduce subscriber loss
But low capital expenditure and large debt weigh down Vi's revival prospects
 "Vi FPO rings in vigour for telecom sector, may reduce subscriber loss")
Capex push by govt to propel GDP growth between 7.1-7.4% in FY25: NIPFP
However, the review by the NIPFP also listed compression in the government consumption expenditure and a subdued growth in private consumption as downward risks to the forecast
 "Capex push by govt to propel GDP growth between 7.1-7.4% in FY25: NIPFP")