Page 2 - Latest Updates on Capital Expenditure
JSW Infrastructure approves Rs 2,359 cr capex for capacity expansion
According to the statement, the expansion will increase the overall capacity of Jaigarh Port to 70 MTPA from the current 55 MTPA and Dharamtar Port to 55 MTPA from 34 MTPA at present
 "JSW Infrastructure approves Rs 2,359 cr capex for capacity expansion")
Spending lag, capacity issues behind govt's capital expenditure push
The growth slowed to a five-quarter low of 6.7 per cent year-on-year (Y-o-Y) in the April-June quarter
 "Spending lag, capacity issues behind govt's capital expenditure push")
Jammu and Kashmir's economic landscape: Of progress and challenges
But the region spends a considerably higher amount on generating assets relative to its economic size compared to the average seen in other states
 "Jammu and Kashmir's economic landscape: Of progress and challenges")
Higher welfare spends will lead Maha to lower capital expenditure: Report
The fiscal deficit for FY25 is expected to come at 3 per cent as against the budget target of 2.5 per cent, India Ratings and Research said in a report
 "Higher welfare spends will lead Maha to lower capital expenditure: Report")
Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA
Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside
 "Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA")
Union Budget 2024: Slowdown in new projects, decline in completed projects
The govt will continue to drive investments with focus on capex spending
Budget 2024: Renewable sector likely to get double-digit capex allocation
Union Budget 2024: Capital expenditure for renewable power may witness a double-digit allocation, with capacity expected to reach 180-gigawatt by FY26, according to a CRISIL report
 "Budget 2024: Renewable sector likely to get double-digit capex allocation")
Case for reforms validated by past experience: CII President Sanjiv Puri
India is growing at a time when most economies are under stress, Puri said
 "Case for reforms validated by past experience: CII President Sanjiv Puri")
India may sustain 6.5-7% GDP growth between FY26 & FY30, says UBS
Inflation likely to be lower than RBI's 4.5% FY25 forecast
 "India may sustain 6.5-7% GDP growth between FY26 & FY30, says UBS")
Modi 3.0: Continued capex push for infra, bullet train among priorities
The new railway minister will oversee the execution of several important initiatives in the Centre's 100-day agenda planned before the elections
 "Modi 3.0: Continued capex push for infra, bullet train among priorities")
Employment focus to drive capex push for engineering, infra firms: Execs
One of the election agendas was unemployment. You cannot do capex without generating employment. It is interlinked, says analyst
 "Employment focus to drive capex push for engineering, infra firms: Execs")
FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report
India's income tax receipts rose 17.7% year-on-year to nearly $235 billion in 2023/24, higher than government's projection
 "FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report")
Pvt sector investment in FY23 fell to Covid-year levels, govt's share up
Public non-finance corporations' (PSUs) share in investment continued to decline, registering at 9.4 per cent in FY23, according to government data
 "Pvt sector investment in FY23 fell to Covid-year levels, govt's share up")
Vi FPO rings in vigour for telecom sector, may reduce subscriber loss
But low capital expenditure and large debt weigh down Vi's revival prospects
 "Vi FPO rings in vigour for telecom sector, may reduce subscriber loss")
Capex push by govt to propel GDP growth between 7.1-7.4% in FY25: NIPFP
However, the review by the NIPFP also listed compression in the government consumption expenditure and a subdued growth in private consumption as downward risks to the forecast
 "Capex push by govt to propel GDP growth between 7.1-7.4% in FY25: NIPFP")
Election season may hit govt capital expenditure spending, FDI inflows
In case of FDI, the total FDI inflows was over $50 billion in FY20 and its share during the election months of April-May 2019 turned out to be 18.1 per cent
 "Election season may hit govt capital expenditure spending, FDI inflows")
India Inc capital expenditure story gets cement to semiconductor push
The private capex momentum is being led by conglomerates such as Tatas, Reliance Industries and Adani group, among others
 "India Inc capital expenditure story gets cement to semiconductor push")
Engineering insurance premium doubles in 4 years on infrastructure push
Partly aided by premium rates that up by 10-15% since FY20
 "Engineering insurance premium doubles in 4 years on infrastructure push")
Road ministry capex utilisation in FY24 closes at record high 99.93%
As against the budgetary outlay of Rs 2.645 trillion in FY24, the road ministry has spent Rs 2.643 trillion. By including private investments, the capex goes up to Rs 3.01 trillion
 "Road ministry capex utilisation in FY24 closes at record high 99.93%")
AAI planning capex of Rs 30,000 cr in next five years: Jyotiraditya Scindia
AAI Chairman Sanjeev Kumar said the AAI's capex in 2023-24 stood at Rs 5,250 crore. It was a bit higher than the capex of 2022-23, which stood at Rs 5,175 crore
 "AAI planning capex of Rs 30,000 cr in next five years: Jyotiraditya Scindia")
