Page 18 - Capital Expenditure

Coal India increases capex by 30% for current fiscal year to Rs 13,000 cr

Move in line with Centre's directive to increase expenditure for economic revival

Beyond Budget Headlines: Health & education deserve more outlay, attention

In the fifth episode, we discuss about expenditure side of the Budget and look at sectors that have traditionally not been India's top expense areas but are now in the spotlight because of pandemic

Beyond Budget Headlines: Health & education deserve more outlay, attention

Healthcare and education are some of the important sectors that are usually not given the attention they deserve in India’s Union Budgets. It has been so for many years. But the situation this time is different. At a time when the country – indeed, the entire world – is working to tide over a health crisis presented by the coronavirus pandemic, will Budget 2021 make a departure from the trend and place its expenditure focus on these sectors? In the fifth episode of ‘Beyond Budget Headlines with AKB’, Business Standard’s special video series in the run-up to Budget 2021, we discuss about the expenditure side of the Budget and look at sectors that have traditionally not been India's top expense areas but are now in the spotlight because of recent developments. The government needs to loosen its purse string in this pandemic Budget and spend more on the health sector, says our in-house policy expert A K Bhattacharya.

Robust capital expenditure by states crucial for economic recovery: RBI

The first two quarters of FY21 saw a poor focus on capex from the states' side, data showed

Banking on Budget: A clear case for restructuring expenditure in favour of capex

In the wake of the coronavirus pandemic, Budget 2021-22 will be full of challenges. Here are some recommendations for Finance Minister Sitharaman from D K Srivastava, chief policy advisor, EY India

FinMin approves Rs 9,879 cr capital expenditure proposal of 27 states

Of this, Rs 4,939.81 crore has been released in the first tranche

State-run oil firms spend 40% of capital expenditure target by October

Fail to meet govt directive to spend 50%, but experts say trend encouraging

JSW Cement arm plans Rs 1,500-crore capital expenditure in Odisha

Once commissioned, the proposed clinker unit will service JSW Cement's manufacturing facilities across East India and is expected to create around 500 direct and indirect jobs

Apollo Tyres lines up capital expenditure of Rs 2,600 cr for FY21, FY22

The company said that the demand is good and it is bullish about Q3 & Q4

Savings, profits, stocks can't stay high for long amid low income and interest rates

Things that cannot go on forever will not go on forever. There will be a change in the direction of the wind. One must hope it will be slow and calibrated, writes T N Ninan

Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction

The government is hoping that the green shoots visible in high-frequency data will further translate into a GDP uplift. And the latest measures - pragmatic and specific - will aid that

States' capital expenditure cut to cause GDP fall, estimates ICRA

While ICRA estimates an 11 per cent contraction in the overall GDP in FY21, it expects the contraction to narrow to 5-7 per cent in the Q3 and 1-2 per cent in Q4

Covid-19 impact: Govt capital expenditure declines 41% in September

Result of labour unavailability and high base, say experts

Stimulus 2.0: Govt measures too little too late; may not move the needle

Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale

Fiscally restrained govt tries new formula to boost festive consumer spend

The government will also give interest-free 50-year loans to the States for capital expenditure of Rs 12,000 crore

Higher capital expenditure could help states deal with projects: Experts

The central allocation of Rs 25,000 crore, in addition to Rs 4.13 trillion given in the Union Budget, would be provided to states for capital expenditure

Railways achieves 31% of targeted capex in five months despite Covid-19

During the time of lockdown, the Railways increased the pace of infrastructure works, completing almost 200 projects that needed a traffic blockade

After 40% rise in Q1, capital expenditure dropped in July, shows data

Analysts say there is need to wait to gauge govt's plans

Centre has walked the talk on capex, shows official data

Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end

Severe shock to consumption, economy will take longer to recover: RBI

"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank