Page 4 - Latest Updates on Capital Expenditure
Interim Budget 2024-25: Infrastructure likely to get a capex thrust
Increase in outlay in line with industry expectations
 "Interim Budget 2024-25: Infrastructure likely to get a capex thrust")
Interim Budget 2024: 'A transformative yet prudent financial statement'
Overall, the government has presented a forward-looking Budget with enough assurances to trust it to lay down the roadmap through the full Budget and sticking to GDP
 "Interim Budget 2024: 'A transformative yet prudent financial statement'")
Interim Budget 2024: 'Prudence has taken precedence over populism'
Backed by robust collections in both direct and indirect taxes and a growing domestic demand, the finance minister asserted a strong commitment to pursuing the path of fiscal consolidation
 "Interim Budget 2024: 'Prudence has taken precedence over populism'")
Interim Budget: Share of capex allocation jumps to 30-year high in FY25
The headline figure of Rs 11.1 trn is 11.1% higher than FY24, says Finance Minister
 "Interim Budget: Share of capex allocation jumps to 30-year high in FY25")
Interim Budget: FM sticks to fiscal consolidation path in Budget speech
Interim Budget: FM Sitharaman said that the fiscal deficit in 2023-24 is expected to be 5.8%, lower than the earlier estimates of 5.9%
 "Interim Budget: FM sticks to fiscal consolidation path in Budget speech")
April-Dec fiscal deficit at Rs 9.82 trn, 55% of annual target: Govt
Total expenditure during the period was 30.54 trillion rupees, or about 68% of the annual goal, compared with 28.18 trillion rupees in the same period last year
 "April-Dec fiscal deficit at Rs 9.82 trn, 55% of annual target: Govt")
Govt should focus on capital expenditure in interim Budget: Former NITI VC
He said because of rising indirect tax revenues and also the widening direct tax base, the finance minister will also achieve fiscal consolidation targets
 "Govt should focus on capital expenditure in interim Budget: Former NITI VC")
Budget 2024 expectations: What stance will interim Budget 2024 adopt?
Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget
 "Budget 2024 expectations: What stance will interim Budget 2024 adopt?")
Will interim Budget 2024 revive demand and investment?
The interim Budget 2024-25 on February 1 will likely see the central government boost investment, while still sticking to the fiscal consolidation path
 "Will interim Budget 2024 revive demand and investment?")
Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs
Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs
 "Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs")
Govt capex leads investment growth, 'skewed consumption' a concern
Sunil Kumar Sinha, principal economist, India Ratings says that a robust growth in GFCF reflects the sustained focus of the government on capital expenditure
 "Govt capex leads investment growth, 'skewed consumption' a concern")
Fiscal deficit contained at 50.7% of FY24 budget estimate in Apr-Nov
The Government, CGA data indicates, is moving towards fiscal consolidation, with improved tax collections compared to the April-October period and compressed capital expenditure
India inc CEOs expect higher capital expenditure, value-added exports
Top executives from leading companies in the power and steel sector - JSW Steel and NTPC, also indicated a strong capex cycle is likely to continue
Q2 GDP: Investment growth at 5 qtr high, household consumption slows down
Rajani Sinha, Chief Economist, CARE Ratings, says that on the demand side, there was a sharp jump in investment, led by the Central and state governments, that helped pull up the GDP growth
 "Q2 GDP: Investment growth at 5 qtr high, household consumption slows down")
Outperformance prompts funds to explore defence exemption for L&T
The report further added that the management continues its proactive discussions with ESG agencies on the defence exposure
 "Outperformance prompts funds to explore defence exemption for L&T")
India Inc capital expenditure growth enters slow lane in first half of FY24
This follows the sharp deceleration in revenue growth
 "India Inc capital expenditure growth enters slow lane in first half of FY24")
Urban consumption likely to propel India's GDP growth in July-September
Besides, the index of industrial production (IIP) also grew at a robust pace of 7.34 per cent during the quarter, along with a robust 13.9 per cent growth in electricity demand
 "Urban consumption likely to propel India's GDP growth in July-September")
Meeting the deficit target
The pressure to rein in capital expenditure and collect more tax revenue may increase
 "Meeting the deficit target")
India Inc's capital expenditure to get lift from high capacity usage
The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices
 "India Inc's capital expenditure to get lift from high capacity usage")
Infrastructure push
The ambition will need policy support
 "Infrastructure push")
