The amount is part of the Centre's Rs7.5 capex outlay for the next year.
While Bengal, Kerala and TN hit out, Maharashtra welcomes Centre's move
Revenue secy says rates and holding periods should be streamlined
Govt to shift part of CPSEs debt to itself as it infuses more equity
In a Q&A with ex-governor of RBI and Former chairman of Prime Minister's Economic Advisory Council C Rangarajan says that the Budget 2022-23 has erred on revenue projections on the lower side
Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then
Domestic-focussed sectors due to the government's push on infrastructure and indigenous manufacturing are the big winners in the Budget
Benchmarks rebound 4% in 3 days as Fed hike concerns ease, too
India needs to boost tax-to-GDP ratio
Govt's increased capex will benefit Indian companies, but with a lag
It continues to push its expenditure in infrastructure which would hopefully create further growth impulse and spur private sector to enhance its risk taking in response
Reduction in surcharge (capped at 15 per cent) on long term capital gains - is positive from financial markets
Infra related stocks can easily see a jump of 10 per cent in quick time
The last time such a large segment was allocated was in 2004-05
GDP projected to grow 8-8.5% in 2022-23; supply-side reforms to aid long-term expansion
CPSEs met only 63% of spending target by December
Competition for investment & FOMO have pushed up valuations, he says
Will Budget 2022-23 be transformative enough to give developmental spending a majority share in the expenditure mix?
Budget 2022: ICRA expects a satus quo on the stance of the monetary policy as well as the reverse repo rate in the upcoming meeting of the Monetary Policy Committee.
When demand is uncertain, the biggest private enterprises seem better able to build factories, expand resources and create jobs