Encouraging private investment stays a challenge
With the node, the country is set to see an influx of private capital and technology for improved exploration and production of critical and deep-seated minerals
The decline in private investment as a percentage of GDP is not as huge as it may appear at first glance
Shares of Vadilal Industries soared to its record high, rising as much as 18.6% after the report
RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics
The state government on Wednesday approved the Uttar Pradesh Township Policy-2023 to boost private investment and provide state-of-the-art township facilities to people. The decision in this regard was taken at a cabinet meeting chaired by Uttar Pradesh Chief Minister Yogi Adityanath. Private investment will get a boost with the implementation of the policy. State-of-the-art township facilities with better quality civic amenities from economic, social and environmental points of view will be available to the general public at reasonable prices, a statement issued here said. "With the development of modern townships equipped with quality civic amenities in the urban areas of the state, better residential facilities will be available to the general public. Planned development of cities will be encouraged. Along with this, there will be an increase in employment generation in the private sector," it added. Finance Minister Suresh Khanna said that the Adityanath government has been ...
He also highlighted the positive transformations observed in Air India following its acquisition by the Tata Group, signifying a positive shift in the airline's performance and operations
Three hoops to jump to be convinced that torrid growth will come
NITI Aayog has pitched for establishing attractive financing frameworks such as blending finances and green bonds to attract private sector investment in setting up small modular reactors (SMR) to decarbonise India's energy sector. The Aayog in a report titled 'The Role of Small Modular Reactors in Energy Transition' further suggested that availability of low-cost finance, green finance and incorporation of nuclear into green taxonomy can improve the economics of SMR projects. "De-risking SMR projects and establishing attractive financing frameworks such as blending finance, green bonds, etc. is pivotal for incentivising private investors," it said. According to the report, it has been observed that venture capital is a poor fit for the "hard" SMR sector. As per the International Atomic Energy Agency (IAEA), the SMRs are advanced nuclear reactors with a power generation capacity ranging from less than 30 MWe to 300+ MWe. "Hence, the public and private sectors must work together to
Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor
Private investment, particularly in hotels and other tourism-related infrastructure, is critical, Culture and Tourism Minister G Kishan Reddy said Thursday while asserting that massive investment opportunities exist in the tourism industry for both start-ups and conglomerates. At a roadshow to raise awareness among stakeholders in the travel and tourism industry about the upcoming first Global Tourism Investors' Summit, he said the government is working in a dedicated manner towards the sustained growth and promotion of tourism in India. "Considering the plethora of experiences the Indian tourism industry offers, such as wellness tourism, adventure tourism, eco-tourism, rural tourism, spiritual tourism and several others, both the state and Central governments recognise the role that tourism can play in driving economic growth. Therefore, private investment, particularly in hotels and other tourism-related infrastructure, is critical," the minister said. Reddy said various ...
Behind the push for increased private sector participation in these sectors is the fact that the share of the private sector declined from 37 per cent in FY08 to 25 per cent in FY19
The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. In 2023-24, capital expenditure is budgeted at Rs 10 lakh crore which will constitute 3.3 per cent of GDP. "We believe that India will decouple from macroeconomic projections of current vintage and also from the rest of the world. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over the period 2023-27; and raising India's potential growth," said the article 'State of the Economy' published in the RBI's February 2023 Bulletin. It further said the Union Budget's tax, capex and fiscal consolidation proposals can take India's real GDP growth close to 7 per cent in 2023-24 if they are effectively implemented. "The Union Budget 2023-24's emphasis on capital expenditure is expected to crowd-in ..
Attempts at raising capital for infra spending through the national monetisation framework have not been as successful as was hoped. The government raised more money than targeted in 2021-22
The country clearly has a growth agenda and this Budget is designed to boost private sector investment and promises to propel India's growth further
Strap: On the tax front, the key development is making the concessional tax regime the default option
Global conditions would impede recovery
Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now
The govt's asset monetisation plan was on track last year as it surpassed its target in FY22. But what is the current situation like? Is the plan on track to meet the target in the current fiscal too?
The Russian invasion of Ukraine pushed up the prices of food, fuel, fertilizers, and other commodities