Page 6 - Capital Expenditure

India's defence budget masks capital allocations to each service

The only way to estimate the capital allocation for each service is to calculate the allocations to each service over the preceding decade

GMDC approves capex of Rs 3,041 cr for FY25, targets Rs 800 cr this fiscal

State-owned Gujarat Mineral Development Corporation Ltd (GMDC) on Thursday said its board has approved a capital expenditure of Rs 3,041 crore for the next fiscal. The PSU had set a capex target of Rs 800 crore for the ongoing financial year. "GMDC is proud to announce the Board's approval of a Rs 3,041 crore capital outlay for the fiscal year 2025, reinforcing our commitment to substantial growth and sustainable development in the mineral sector," it said in a regulatory filing. With a strategic allocation of Rs 1,138 crore towards new lignite projects, this investment will catalyse the enhancement of its existing lignite projects while also promoting the development of new ventures. "GMDC dedicates Rs 629 crore to expedite the operationalisation of the allotted coal blocks in Odisha," it said. Recognising the role of critical minerals in the global economy, the company has set aside Rs 462 crore for the expansion and modernisation of its metal projects. "This initiative is ...

JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs

JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, asking not to be identified as the information is private

India Inc must get its act together on capex: RBI's state of economy report

Unsecured loans rise despite higher risk weighting

Prospects bright for capital formation, upturn in pvt capital expenditure

The government also expects inflation to further reduce due to measures announced to rein in food prices

The NDA approach to PSUs

The Modi govt's equity contribution to public sector units has risen even as their capacity to generate resources has taken a hit

Qualitative improvement

Higher capex will improve growth prospects

NDA removed supply hitch, created infra: White Paper on Indian economy

Cites transparent allocation of public resources as a catalyst for public welfare

Sulphur-coated urea will improve fertiliser efficiency but needs efforts

Farmers will have to be educated and factories will require capital expenditure

Large part of Rs 11 trn capex for FY25 to flow into energy sector: PM Modi

The Interim Budget, presented on February 1, projected a capex of Rs 11 trillion for next year, up from Rs 10 trillion in FY24

India Inc to press the capex pedal with Budget push, shows BS CEO poll

CEOs to take advantage of Rs 1 trn innovation fund

Budget reinforces the vision of a confident, consistent and credible India

The government has exuded confidence that despite an election year, it has stayed committed to enhancing the quality of its spending

Interim Budget: Infra focus, fiscal prudence are positives for street

While overall capex has increased, some analysts had expected higher outlays for road, defence and railways

A Budget for extracting outcomes from outlays given to Indian Railways

The year 2023 was a golden era for Railways' passenger business. Intercity passenger journeys at the end of Q3FY24 touched 2.2 billion, a 16 per cent growth over the previous year

FM Sitharaman's Interim Budget is high on confidence, not on populism

FM overperforms on deficit, stays away from sops, pushes feel-good factor by ending old tax disputes, lists out decade of development

Interim Budget 2024: 'Prudence has taken precedence over populism'

Backed by robust collections in both direct and indirect taxes and a growing domestic demand, the finance minister asserted a strong commitment to pursuing the path of fiscal consolidation

Interim Budget: Govt remains steady in its course and its objectives

Another critical point that is not really addressed in the Interim Budget of the finance minister is the fact that private investment is not moving up broadly and fast enough

Interim Budget 2024-25: Infrastructure likely to get a capex thrust

Increase in outlay in line with industry expectations

Interim Budget: Share of capex allocation jumps to 30-year high in FY25

The headline figure of Rs 11.1 trn is 11.1% higher than FY24, says Finance Minister

Interim Budget 2024-25: 'Staying with capex, infrastructure thrust'

The Interim Budget provides a good roadmap to the full Budget expected in July, along with an overarching vision towards a developed India by 2047