Govt should not hold back capital expenditure
During pre-Budget consultations, industry bodies and economists have advised the finance minister to keep the spending tap open
Apart from the equity market, effects of pandemic will also reflect on the upcoming Union Budget. In this episode, we explain the Consolidated Fund of India, a key component of the Union budget
The Capex performance of the ministry is significantly better compared to the previous year
Central Public Sector Enterprises under the Ministry of Power have increased capital expenditure during the first nine months of the current financial year to Rs 40,395.34 crore, which is 47% higher
Federal Reserve may need to hike rates faster, reduce balance sheet quickly. More on that in today's top headlines
May impact growth in Q3 but capex by select states likely to come to some aid
This was despite revenue expenditure accounting for 53.7 per cent of Budget Estimates, while capital expenditure was 45.7 per cent during the first seven months of the current financial year
FM to meet economists on December 22 for pre-Budget consultations
The total reworking of railway's budget though will be Rs 40,575.93 crore after the Supplementary Demand gets approved by Parliament.
Govt must push capital expenditure
FM to meet state CMs on Monday to push investment-led growth
Revenue was up 49 per cent at Rs 191,532 crore
The Finance Ministry has permitted 11 states to borrow an additional amount of Rs 15,721 crore after these states achieved the capital expenditure target set for the June quarter.
CRISIL expected an 11-13 per cent rise in capex by these states in line with the previous financial year
Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan
With strong revenue visibility in the civil segment, the company has also been investing Rs 70-80 crore since last year as capex.
Company to invest Rs 5,000 cr in paint business over three years
NTPC said the loan will be utilised towards capital expenditure for ongoing/new capacity addition programmes
A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan