Page 18 - Capital Expenditure

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

State-run oil and gas firms set to invest Rs 1.62 trillion this year

At present, the sector is seeing work on 8,363 projects with an anticipated cost of Rs 5.88 trillion.

FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1

This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic

Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept

She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said

Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis

In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas