Page 12 - Latest Updates on Capital Expenditure
Growth spending
Govt must push capital expenditure
 "Growth spending")
Centre allows addl Rs16,691 cr borrowing for 7 states on meeting capex goal
FM to meet state CMs on Monday to push investment-led growth
 "Centre allows addl Rs16,691 cr borrowing for 7 states on meeting capex goal")
RIL Q2 net profit jumps 43% to Rs 13,680 cr as it fires on all cylinders
Revenue was up 49 per cent at Rs 191,532 crore
 "RIL Q2 net profit jumps 43% to Rs 13,680 cr as it fires on all cylinders")
Finance ministry gives nod to 11 states to borrow additional Rs 15,721 cr
The Finance Ministry has permitted 11 states to borrow an additional amount of Rs 15,721 crore after these states achieved the capital expenditure target set for the June quarter.
 "Finance ministry gives nod to 11 states to borrow additional Rs 15,721 cr")
Capex growth by states to be slower than target for FY22: CRISIL
CRISIL expected an 11-13 per cent rise in capex by these states in line with the previous financial year
 "Capex growth by states to be slower than target for FY22: CRISIL")
The ultimate scarcity: Overall consumption has stagnated over four years
Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan
KEC International to double civil business revenue to Rs 2,000 cr in FY22
With strong revenue visibility in the civil segment, the company has also been investing Rs 70-80 crore since last year as capex.
 "KEC International to double civil business revenue to Rs 2,000 cr in FY22")
Grasim Industries to invest Rs 2,600 crore in capex in FY22
Company to invest Rs 5,000 cr in paint business over three years
 "Grasim Industries to invest Rs 2,600 crore in capex in FY22")
NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan
NTPC said the loan will be utilised towards capital expenditure for ongoing/new capacity addition programmes
 "NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan")
Growth optimism: Will govt's own investment and exports be enough?
A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan
Subdued revenue spend may hit economic recovery, say economists
Experts say reduction in revenue expenditure may not result in capex rise
 "Subdued revenue spend may hit economic recovery, say economists")
Govt spending to push private capex higher after multi-year deleveraging
Orders, mostly from the govt, worth $356 bn expected in the next two years
 "Govt spending to push private capex higher after multi-year deleveraging")
Securing India's fiscal health
Govt should prepare for medium-term challenges
 "Securing India's fiscal health")
Tax buoyancy curtails Centre's fiscal deficit to an eight-year low
Centre's spending showed volatile trend during April-June period
 "Tax buoyancy curtails Centre's fiscal deficit to an eight-year low")
Infrastructure fund yields depend on govt expenditure, say analysts
Let managers of diversified equity funds decide exposure, avoid direct investment
 "Infrastructure fund yields depend on govt expenditure, say analysts")
With massive investment plans, steel leads India Inc's capacity expansion
Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters
 "With massive investment plans, steel leads India Inc's capacity expansion")
CG Power lines up Rs 135 cr capital expenditure in current financial year
CG Power and Industrial Solutions, acquired by Tube Investments last year, has chalked out capital expenditure plans of Rs 135 crore during the current financial year, the company said.
 "CG Power lines up Rs 135 cr capital expenditure in current financial year")
FM asks ministries to front load capex; explore PPPs for viable projects
Finance Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects.
 "FM asks ministries to front load capex; explore PPPs for viable projects")
Statsguru: A decline in growth poses risks to govt's fiscal forecast
While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.
 "Statsguru: A decline in growth poses risks to govt's fiscal forecast")
Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more
Here are the best of Business Standard's opinion pieces for Wednesday
 "Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more")
