Page 7 - Latest Updates on Capital Expenditure
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")
Election season may hit govt capital expenditure spending, FDI inflows
In case of FDI, the total FDI inflows was over $50 billion in FY20 and its share during the election months of April-May 2019 turned out to be 18.1 per cent
 "Election season may hit govt capital expenditure spending, FDI inflows")
India Inc capital expenditure story gets cement to semiconductor push
The private capex momentum is being led by conglomerates such as Tatas, Reliance Industries and Adani group, among others
 "India Inc capital expenditure story gets cement to semiconductor push")
Engineering insurance premium doubles in 4 years on infrastructure push
Partly aided by premium rates that up by 10-15% since FY20
 "Engineering insurance premium doubles in 4 years on infrastructure push")
Road ministry capex utilisation in FY24 closes at record high 99.93%
As against the budgetary outlay of Rs 2.645 trillion in FY24, the road ministry has spent Rs 2.643 trillion. By including private investments, the capex goes up to Rs 3.01 trillion
 "Road ministry capex utilisation in FY24 closes at record high 99.93%")
AAI planning capex of Rs 30,000 cr in next five years: Jyotiraditya Scindia
AAI Chairman Sanjeev Kumar said the AAI's capex in 2023-24 stood at Rs 5,250 crore. It was a bit higher than the capex of 2022-23, which stood at Rs 5,175 crore
 "AAI planning capex of Rs 30,000 cr in next five years: Jyotiraditya Scindia")
Bharti Airtel, State Bank of India, Zomato on Jefferies hotlist for 5 years
Amber Enterprises, specialising in ACs and components, expects earnings to grow over 36 per cent CAGR from FY24-30 due to the PLI scheme
 "Bharti Airtel, State Bank of India, Zomato on Jefferies hotlist for 5 years")
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
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")