 "What is Capital Expenditure")
Capital Expenditure
What is Capital Expenditure
The Budget estimate of the government's capital expenditure for the year 2020-21 was Rs 1,084,748 crore. The revised estimates of capital expenditure for the 2019-20 Budget came at Rs 1,059,472 crore, while the actuals for the 2018-19 Budget stood at Rs 915,670 crore.
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Latest Updates on Capital Expenditure
Oil and gas CPSEs set to exceed IEBR capex for fifth-straight year
More than 145 projects costing Rs 100 crore under implementation by govt oil and gas firms
 "Oil and gas CPSEs set to exceed IEBR capex for fifth-straight year")
Govt consistently increased capex for infra development: MoS Finance
The government's capital expenditure increased from over Rs 5 lakh crore in 2021-22 to Rs 11.11 lakh crore in 2024-25
 "Govt consistently increased capex for infra development: MoS Finance")
Transrail Lighting to float IPO on Dec 19; eyes Rs 400 cr via fresh issue
Apart from the fresh issue, the initial public offering (IPO) comprised an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings Private Limited
 "Transrail Lighting to float IPO on Dec 19; eyes Rs 400 cr via fresh issue")
Govt looks to reduce red tape and unmoor port infrastructure delays
New plan aims to expand financial powers, and level the playing field with private operators
 "Govt looks to reduce red tape and unmoor port infrastructure delays")
Slowing capex: Focus more on growth dynamics than changing target norms
Patterns of capital expenditure have a bearing on economic growth. With their huge spending power, states have as big a role in economic development as the Union government
 "Slowing capex: Focus more on growth dynamics than changing target norms")
Govt may relax quarterly spending limits to meet FY25 capex target
Analysts say the weaker spending is one of the reasons for a recent slowdown in India's high frequency economic indicators
 "Govt may relax quarterly spending limits to meet FY25 capex target")
Centre may relax expenditure norms for Q4 to speed up capital expenditure
The Centre's capex, through which it builds physical infrastructure, reached Rs 4.1 trillion or 37.3 per cent of the annual target in the first five months of FY25
 "Centre may relax expenditure norms for Q4 to speed up capital expenditure")
Andhra Pradesh govt presents Rs 2.9 trn budget; see all major allocations
The estimated revenue deficit stands at Rs 34,743 crore (2.12 per cent of the GSDP), while the fiscal deficit is estimated at Rs 68,743 crore (4.19 per cent of the GSDP)
 "Andhra Pradesh govt presents Rs 2.9 trn budget; see all major allocations")
CII asks for more reforms in tax code, sustaining capex in FY26 Budget
In a meeting with Revenue Secretary Sanjay Malhotra, CII urged the government to increase the capex by 25 per cent over 2024-25 (BE) with a sharp focus on infrastructure related to rural areas
 "CII asks for more reforms in tax code, sustaining capex in FY26 Budget")
Expanding bond market to ease capital needs key to India's $5 trn goal
Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent
 "Expanding bond market to ease capital needs key to India's $5 trn goal")
States cut spending by 6%: Is public capex at risk of major slowdown?
Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year
 "States cut spending by 6%: Is public capex at risk of major slowdown?")
Private sector capital expenditure zooms 42% in Q2, shows CMIE data
But project completions slightly lower than in March quarter
 "Private sector capital expenditure zooms 42% in Q2, shows CMIE data")
PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale
PMEA Solar IPO: The funds raised through the fresh issue will be allocated towards capital expenditure and debt repayment
 "PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale")
Housing, road, railways lead capex spend in Apr-July period, shows data
Transfers to states for capex also slowed to 12 per cent of the budget estimate for the same period, compared to 24 per cent in the corresponding period last year
 "Housing, road, railways lead capex spend in Apr-July period, shows data")
Fiscal deficit to jobs: Economic issues new J&K govt has to tackle
The region is expected to clock a growth of 7% in FY25 but it's dependent on Central government grants
 "Fiscal deficit to jobs: Economic issues new J&K govt has to tackle")
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
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")
