Capital Spending

WB's revenue expenditure outpaces capital spending in H1 FY25: Report

West Bengal's fiscal performance in the first half of the 2024-25 fiscal reflects a growing imbalance between revenue and capital expenditure, aligning with broader trends observed across major Indian states, according to rating agency CareEdge. While the state recorded a 13.5-per cent year-on-year increase in revenue expenditure, its capital expenditure grew by only 7.7 per cent, significantly falling short of its budgeted targets, the agency's latest report on state and central finances said. Amit Mitra, principal chief advisor to Chief Minister Mamata Banerjee and the state's finance department, had recently said Bengal's capital spending had increased from Rs 2,226 crore in 2010-11 to a budgeted amount of Rs 35,865.55 crore in 2024-25. "Revenue expenditure of states remained strong in H1 FY25. In aggregate, the top 20 states in our sample utilised 41.5 per cent of their budgeted revenue expenditure in H1 FY25, slightly higher than the 40 per cent utilisation in H1 FY24," the ...

Statsguru: Formal manufacturing share falls, wage growth lags productivity

ASI and Annual Survey of Unincorporated Enterprises show that the combined share of manufacturing GVA in GDP stands at less than 10 per cent

Capital spending on infrastructure will once again be in focus: Rahul Singh

SMID stocks over 50-60%? Time to rethink and trim down

How spend, spend is giving state-owned companies diminishing returns

The private sector has been going slow in adding fixed assets but squeezing out more

Govt plans to raise capital spending as much as 20% in FY25: Report

The government is trying to raise capital spending on building infrastructure to as much as Rs 12 trillion ($144.59 billion) from the current year's plan of Rs 10 trillion

Govt transfers Rs 1.18 trn as third instalment of tax devolution to states

The size of the instalment to the states is also a reflection on the Centre's revenues

Exxon Mobil slashes capital spending, announces $20 bn oil asset write-down

The company said it was removing gas projects from its plans in Appalachia, the Rocky Mountains, Oklahoma, Texas, Louisiana, Arkansas, Canada and Argentina

12 major states may have to cut capex by Rs 2.5-2.7 trillion in FY21: Icra

Icra projected the aggregate debt of these 12 states to deteriorate sharply to 28.9% of GSDP

Maharashtra last in per-capita public capex; Bengal leads in spend increase

West Bengal, Odisha, Punjab and UP have shown the highest increase in public capex in the last four years

States put the foot down on capex; outlays up 17% during FY15-19

The expenditure is concentrated primarily on economic services that accounted for around 70 per cent of the spending

Moody's says Reliance's 20% stake sale to Saudi Aramco credit positive

The company also announced that it has entered into a deal with BP to sell 49 per cent stake in its fuel marketing business in India for $1 billion

Govt may have to cut capital spending by Rs 700 bn, says SBI report

Growth in Q4 could be below 7%; this is largely due to shortfall in GST collections

Capital spending by some of India Inc's larger firms up 33% to Rs 4.63 trn

Excluding RIL, capital spending by the remaining firms rose to Rs 3.8 trillion at the end of 2017-18

Private investors shy, Centre to push capital spending

FY18 Budget set to allot Rs 2.6 lakh cr for sector; balancing fiscal deficit a challenge