Page 14 - Capex

Capital expenditure target of Rs 7.5 trn for FY23 to be met: Survey

Capital expenditure has started pushing private investment and the Budget target of Rs 7.5 lakh crore for the current financial year is likely to be met, the Economic Survey 2022-23 said. The capital expenditure (capex) of the central government which increased by 63.4 per cent year-on-year in the first eight months of FY23 was another growth driver of the Indian economy, crowding in the private capex since the January-March quarter of 2022, it said. "On the current trend, it appears that the full year's capex (announced in the Budget) will be met," it said. A sustained increase in the private capex is also imminent with the strengthening of the balance sheets of the corporates and the consequent increase in credit financing it has been able to generate, it said. The Finance Minister raised capital expenditure (capex) by 35.4 per cent for the financial year 2022-23 to Rs 7.5 lakh crore to continue the public investment-led recovery of the pandemic-battered economy. The capex in the

From capex to taxation, four things to look out for in Union Budget 2023

This is the last full budget before the 2024 Lok Sabha elections, and will be tabled amidst a global slowdown and unprecedented geopolitical uncertainty

Budget 2023-24: Centre to target higher capex but lower fiscal deficit

Budget 2023-24: The Centre is expected to peg the fiscal deficit target for FY24 below 6 per cent, and the capex is likely to jump 20-30 per cent

Budget to see poll-oriented spending boost to focus on infra capex: Report

Ahead of the national elections, the last full budget of the Modi government is likely to boost welfare spending with a focus on rural and infra capex, according to a report. However, it may pencil in for a lower fiscal gap at 5.8 per cent next fiscal, given the likely reduction in subsidies, even though nominal GDP growth is likely to fall by a third to 10.5 per cent, it added. The government is likely to miss the medium-term fiscal roadmap of bringing down the fiscal deficit to 4.5 per cent by FY26, given the overall domestic and global slowdown, as per the report by Swiss brokerage UBS. The government will present its last full budget on February 1 amid global and domestic headwinds. The nation is bound for hustings mid-next 2024, which will have its sway on the budget, the report said, adding the government is expected to support growth by boosting welfare spending, albeit within fiscal boundaries, which will also help it manage macro stability risks amid the rising global ...

Building resilience for the long game

The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade

Govt to tap brakes on capex growth, key subsidies, finds poll of economists

Food and fertiliser subsidies that help two-thirds of India's 1.4 billion people will also be scaled back

Jubilant Foodworks plans to invest Rs 900 crore in India in 12-18 months

Out of the total CAPEX, Rs 500 crore to Rs 600 crore will be funded towards stores

Jubilant FoodWorks lines up Rs 900 cr capex plan for next 12-18 months

In a regulatory filing, the company said capex of Rs 900 crore would be funded entirely through internal accruals over a period for 12-18 months

Adani Enterprises' Rs 20,000 crore FPO to fund green capex, debt payback

Rs 11,000 crore will be invested in green hydrogen and airport projects, Rs 4,100 cr for retiring debt

Vodafone Idea won't be able to pay $5-bn govt dues from FY26: CLSA

Vi's capex was 80 per cent lower than rival Airtel in the past nine months

India's capex spending likely to slow on lower tax haul, global recession

Analysts say that as recessionary woes spread globally, India's tax collections and asset sales are likely to fall.

Big states lag on capital expenditure front despite Centre's support

Economists say many poll-bound states chose to focus on scheme and subsidy spending

Capex push in states

Maintaining the momentum will be challenging

States' fiscal health better after Covid-19 pandemic stress: RBI report

States must urgently push for debt consolidation, create capex buffers

Steady and cautious: What India's conglomerates are doing for capex push

Companies are reluctant to invest in new factories and plants when existing capacity is not fully utilised

Conglomerates and their capex push: How much firms added since pandemic

Business Standard analyses what large business houses have added as net fixed assets since the pandemic

Q3 results preview: Strong tender activity to aid capital goods firms

YoY topline, bottomline growth likely in double-digits, but margin concerns remain, say analysts

Budget 2023-24: Govt may go easy on capital expenditure growth in FY24

Outlay for next year likely to be around Rs 9.5 trillion

Top headlines: Govt may go easy on capex in FY24, India-US trade dispute

Business Standard brings you the top headlines at this hour

Gross budgetary allocation for Railways to go up by 29% in Budget: Report

The total capital expenditure (capex) of the railway ministry is expected to jump 20 per cent to Rs 3 trillion in FY24