Page 8 - Latest Updates on Capital Expenditure
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'")
Interim Budget: Govt remains steady in its course and its objectives
Another critical point that is not really addressed in the Interim Budget of the finance minister is the fact that private investment is not moving up broadly and fast enough
 "Interim Budget: Govt remains steady in its course and its objectives")
Interim Budget 2024-25: Infrastructure likely to get a capex thrust
Increase in outlay in line with industry expectations
 "Interim Budget 2024-25: Infrastructure likely to get a capex thrust")
Interim Budget: Share of capex allocation jumps to 30-year high in FY25
The headline figure of Rs 11.1 trn is 11.1% higher than FY24, says Finance Minister
 "Interim Budget: Share of capex allocation jumps to 30-year high in FY25")
Interim Budget 2024-25: 'Staying with capex, infrastructure thrust'
The Interim Budget provides a good roadmap to the full Budget expected in July, along with an overarching vision towards a developed India by 2047
 "Interim Budget 2024-25: 'Staying with capex, infrastructure thrust'")
Interim Budget 2024: 'A transformative yet prudent financial statement'
Overall, the government has presented a forward-looking Budget with enough assurances to trust it to lay down the roadmap through the full Budget and sticking to GDP
 "Interim Budget 2024: 'A transformative yet prudent financial statement'")
Interim Budget: FM sticks to fiscal consolidation path in Budget speech
Interim Budget: FM Sitharaman said that the fiscal deficit in 2023-24 is expected to be 5.8%, lower than the earlier estimates of 5.9%
 "Interim Budget: FM sticks to fiscal consolidation path in Budget speech")
April-Dec fiscal deficit at Rs 9.82 trn, 55% of annual target: Govt
Total expenditure during the period was 30.54 trillion rupees, or about 68% of the annual goal, compared with 28.18 trillion rupees in the same period last year
 "April-Dec fiscal deficit at Rs 9.82 trn, 55% of annual target: Govt")
Govt should focus on capital expenditure in interim Budget: Former NITI VC
He said because of rising indirect tax revenues and also the widening direct tax base, the finance minister will also achieve fiscal consolidation targets
 "Govt should focus on capital expenditure in interim Budget: Former NITI VC")
Budget 2024 expectations: What stance will interim Budget 2024 adopt?
Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget
 "Budget 2024 expectations: What stance will interim Budget 2024 adopt?")
Will interim Budget 2024 revive demand and investment?
The interim Budget 2024-25 on February 1 will likely see the central government boost investment, while still sticking to the fiscal consolidation path
 "Will interim Budget 2024 revive demand and investment?")
Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs
Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs
 "Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs")
Govt capex leads investment growth, 'skewed consumption' a concern
Sunil Kumar Sinha, principal economist, India Ratings says that a robust growth in GFCF reflects the sustained focus of the government on capital expenditure
 "Govt capex leads investment growth, 'skewed consumption' a concern")
Fiscal deficit contained at 50.7% of FY24 budget estimate in Apr-Nov
The Government, CGA data indicates, is moving towards fiscal consolidation, with improved tax collections compared to the April-October period and compressed capital expenditure