Page 7 - Latest Updates on Capital Expenditure
India Inc pushes capital expenditure as capacity utilisation nears 75%
Reliance Industries is also investing in a battery giga factory in the new energy business vertical that will be ready by 2026 even as its capex in Reliance Jio in 5G rollout is almost over
 "India Inc pushes capital expenditure as capacity utilisation nears 75%")
Consumption survey: No definitive trend yet
The monthly per capita expenditure data points to shifts in consumption, but it should not be used for reconfiguring the Consumer Price Index
 "Consumption survey: No definitive trend yet")
Govt on course to achieve small savings scheme collection target for FY24
The government's cash balance is not high too, as borrowings are complete, and it is carrying a modest cash balance to meet its commitments, government sources said
 "Govt on course to achieve small savings scheme collection target for FY24")
Private capex in India poised for take off: Mahindra Group CEO Shah
Shah disagreed on the notion of rural-urban divide in growth pattern, and said it was more of a case of income difference and not a market divide
 "Private capex in India poised for take off: Mahindra Group CEO Shah")
India's defence budget masks capital allocations to each service
The only way to estimate the capital allocation for each service is to calculate the allocations to each service over the preceding decade
 "India's defence budget masks capital allocations to each service")
GMDC approves capex of Rs 3,041 cr for FY25, targets Rs 800 cr this fiscal
Recognising the role of critical minerals in the global economy, the company has set aside Rs 462 crore for the expansion and modernisation of its metal projects
 "GMDC approves capex of Rs 3,041 cr for FY25, targets Rs 800 cr this fiscal")
JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs
JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, asking not to be identified as the information is private
 "JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs")
India Inc must get its act together on capex: RBI's state of economy report
Unsecured loans rise despite higher risk weighting
 "India Inc must get its act together on capex: RBI's state of economy report")
Prospects bright for capital formation, upturn in pvt capital expenditure
The government also expects inflation to further reduce due to measures announced to rein in food prices
 "Prospects bright for capital formation, upturn in pvt capital expenditure")
The NDA approach to PSUs
The Modi govt's equity contribution to public sector units has risen even as their capacity to generate resources has taken a hit
 "The NDA approach to PSUs")
Qualitative improvement
Higher capex will improve growth prospects
 "Qualitative improvement")
NDA removed supply hitch, created infra: White Paper on Indian economy
Cites transparent allocation of public resources as a catalyst for public welfare
 "NDA removed supply hitch, created infra: White Paper on Indian economy")
Sulphur-coated urea will improve fertiliser efficiency but needs efforts
Farmers will have to be educated and factories will require capital expenditure
 "Sulphur-coated urea will improve fertiliser efficiency but needs efforts")
Large part of Rs 11 trn capex for FY25 to flow into energy sector: PM Modi
The Interim Budget, presented on February 1, projected a capex of Rs 11 trillion for next year, up from Rs 10 trillion in FY24
 "Large part of Rs 11 trn capex for FY25 to flow into energy sector: PM Modi")
India Inc to press the capex pedal with Budget push, shows BS CEO poll
CEOs to take advantage of Rs 1 trn innovation fund
 "India Inc to press the capex pedal with Budget push, shows BS CEO poll")
Budget reinforces the vision of a confident, consistent and credible India
The government has exuded confidence that despite an election year, it has stayed committed to enhancing the quality of its spending
 "Budget reinforces the vision of a confident, consistent and credible India")
Interim Budget: Infra focus, fiscal prudence are positives for street
While overall capex has increased, some analysts had expected higher outlays for road, defence and railways
 "Interim Budget: Infra focus, fiscal prudence are positives for street")
A Budget for extracting outcomes from outlays given to Indian Railways
The year 2023 was a golden era for Railways' passenger business. Intercity passenger journeys at the end of Q3FY24 touched 2.2 billion, a 16 per cent growth over the previous year
 "A Budget for extracting outcomes from outlays given to Indian Railways")
FM Sitharaman's Interim Budget is high on confidence, not on populism
FM overperforms on deficit, stays away from sops, pushes feel-good factor by ending old tax disputes, lists out decade of development
 "FM Sitharaman's Interim Budget is high on confidence, not on populism")
Interim Budget 2024: 'Prudence has taken precedence over populism'
Backed by robust collections in both direct and indirect taxes and a growing domestic demand, the finance minister asserted a strong commitment to pursuing the path of fiscal consolidation
 "Interim Budget 2024: 'Prudence has taken precedence over populism'")