Page 12 - Capital Expenditure

Punjab power subsidy at multi-year high, other sops in focus in new budget

Punjab's new budget promises sops that may delay the state's date with fiscal prudence

Centre sets out rules on disbursing Rs 1 trillion capex funds to states

Funds provided to the states under the scheme will be used for new and ongoing capital projects as well as for settling pending bills in them

Capex for revival

Govt has done well to increase expenditure

Capex is the route to economic revival, says FM Nirmala Sitharaman

In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps

Core sector output at 13-month high in May at 18.1% on capex push

The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

Govt to make sure capital expenditure supports growth momentum: CEA

The government is committed to ensure that capital expenditure will continue to support the economic growth momentum regained after the third Covid-19 wave, CEA V Anantha Nageswaran said

India Inc's capital expenditure slows despite jump in net profits

Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings

UltraTech announces Rs 12,886 cr capex plan as competition grows in cement

Bracing for stiff competition, the firm looks to boost capacity by 22.6 mtpa

M&M to invest Rs 15,300 cr to fortify position in auto, farm eqpt and EVs

Mahindra is eyeing a pole position in SUVs in volume terms - a place it held three years ago

Cera to invest Rs 200 crore in sanitaryware, faucetware expansion

Expansion plans includes a greenfield sanitaryware plant and a brownfield faucetware unit

Wastage in welfare and subsidy schemes: Centre cracks the whip

The Centre has already issued a set of advisory for states to remove ineligible farmers from the PM-KISAN scheme

Capital expenditure crucial as inflation may hit India Inc plans: Icra

Icra said it expected capacity utilisation to reach the critical threshold of 75 per cent required to trigger broad-based capacity expansion, only by the end of the current calendar year

Not all states are so financially weak that they can't announce freebies

However some such as Punjab and West Bengal are not on sound financial ground

FY22 private placements growth may have hit record low, shows data

Lower appetite from borrowers in post-pandemic economy a key reason, say experts

Running on borrowings, Indian Railways must get on the track

India's largest public transporter has to reform its accounting practices to determine the losses it can sustain

Indian states and their propensity to exaggerate their GSDP numbers

The higher estimate of the GSDP for a state allows the concerned finance minister to project a higher level of expenditure, particularly when revenues are flat

Logistics firm TCI lines up Rs 250 cr capital expenditure for FY23

Logistics firm Transport Corporation of India is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal, a top company executive has said.

Pace of govt capital expenditure not robust enough, feel policymakers

The years FY21, FY22 and targets for FY23 have seen substantial jump in the Centre's capex outlay.

Renewable energy company Greenko plans to raise $500 mn to rejig debt

The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility