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Finance Minister Nirmala Sitharaman on Tuesday said the capital expenditure has not been cut, but has gone up to Rs 11.21 lakh crore for 2025-26 fiscal, and there has been proportional increase in loans given to states for capital expenditure for the same year. Replying during the Question Hour in Rajya Sabha, Sitharaman said the capital expenditure was at Rs 11.11 lakh crore in 2024-25. "Actually, (in) the budget this year..., it has gone up to Rs 11.21 lakh crore. So, the capital expenditure has not been cut at all," she said. Loans to states under the scheme for interest-free 50-year special assistance for capital expenditure has gone up proportionately. "So, cutting down the capital expenditure is not the case with us," she added. Sitharaman was responding to a question by senior Congress leader and former finance minister P Chidambaram. Chidambaram sought to know the reason for reduction in the capital expenditure for FY25 in the revised budget estimate to Rs 10,18,429 crore
Home textiles major Trident Group on Friday said it has earmarked Rs 1,000 crore capital expenditure for FY25-26 for sustainability, modernisation, and asset enhancement initiatives. The group has also set a target of increasing its domestic business by three-fold, by 2027, with its home textile brand, myTrident, expanding into the luxury segment with the launch of 'LUXEHOME by myTrident' label. "We are going to invest Rs 1,000 crore but out of that, almost Rs 600-650 crore would be in the renewable-sustainability side, the remaining would be on modernisation side," Trident Group CEO Samir Joshipura told PTI here on the sidelines of Bharat Tex 2025. The group is converting 60 per cent of the energy requirement at Budhni campus in Madhya Pradesh into a non-fossil base, he said adding, "we are going to increase from there". Stressing that sustainability is "going to be a significant focus" for the group, Joshipura said, "We want to consciously invest there, because we do see that in
The government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on Tuesday. She said the effective capital expenditure in FY'26 is Rs 15.48 lakh crore, which is 4.3 per cent of GDP. The fiscal deficit target is 4.4 per cent of the GDP for next fiscal. "It indicates that the government is using almost the entire borrowed resources for financing effective capital expenditure. So the borrowings are not going for revenue expenditure or committed expenditure, or any of those kinds. It's going only for creating capital assets. So, in effect, the government intends to use about 99 per cent of borrowed sources to finance effective capital expenditure in the upcoming year," she said in the Lok Sabha. Replying to a discussion on General Budget 2025-26, Sitharaman said the Budget has come in a time of immense uncertainties, changes in the global macro-economic environment, stagnating global growth and sticky ...