Page 7 - Latest Updates on Capital Expenditure
Budget 2023: 113% increase in allotment for northeast, highest ever
The Finance Ministry has budgeted Rs 5892 crore for FY24 for the region, which is 113 per cent more than the RE 2022-23
 "Budget 2023: 113% increase in allotment for northeast, highest ever")
Changing tracks
Investment in Indian Railways must be backed by reforms
 "Changing tracks")
Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023
Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs
 "Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023")
Fiscally prudent, but electorally savvy
In 2022-23, the finance minister hopes to grow her net revenue receipts by 8 per cent even as her revenue expenditure would increase by a similar rate
A change of heart on taxes and tariffs
There is much to commend in the Budget, especially the substantial increase in capital expenditure
Domestic cyclicals key gainers from the infra push in the Budget
Street is bearish on exporters while there is a mixed opinion on the consumption basket
 "Domestic cyclicals key gainers from the infra push in the Budget")
Union Budget 2023: Capital expenditure to be hiked by 33% to Rs 10 trillion
Budget 2023: PAN cards will be used as a common identifier for all government schemes, the FM said in her Budget speech
 "Union Budget 2023: Capital expenditure to be hiked by 33% to Rs 10 trillion")
Capital expenditure target of Rs 7.5 trn for FY23 to be met: Survey
Capital expenditure has started pushing private investment and the Budget target of Rs 7.5 trn for the current financial year is likely to be met, the Economic Survey 2022-23 said
 "Capital expenditure target of Rs 7.5 trn for FY23 to be met: Survey")
Will Budget 2023-24 be populist or pragmatic? Brokerages weigh in
Budget to focus on rural India, capex, and manufacturing push, as well as prioritising macro stability
Three points for the Budget
Of the many things to watch in the Budget, three things-growth, fiscal deficit and stance on trade-will receive special attention from analysts. Getting the tone right will be crucial
Despite support from Centre, big states lagged on capex in FY23
Due to crucial state elections in 2022 and 2023, many state administrations chose to focus on scheme and subsidy spending
 "Despite support from Centre, big states lagged on capex in FY23")
This Budget's focus should be on expenditure, not taxation: Pronab Sen
Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now
 "This Budget's focus should be on expenditure, not taxation: Pronab Sen")
Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
 "Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs")
Capital expenditure by CPSEs at 68% of FY23 target by December
Petroleum CPSEs and National Highways Authority of India (NHAI) have so far driven the capex among CPSEs
 "Capital expenditure by CPSEs at 68% of FY23 target by December")
Budget primer: Understanding govt expenditure and its various types
Its importance is seen in its ability to hugely influence the nation's economy, as it reflects aggregate demand in addition to household consumption, business investment, and net exports
Budget primer: Understanding govt expenditure and its various types
Its importance is seen in its ability to hugely influence the nation's economy, as it reflects aggregate demand in addition to household consumption, business investment, and net exports
 "Budget primer: Understanding govt expenditure and its various types")
See upturn in capex cycle, growth momentum to pick up: RBI report
'Can't let our guard down on inflation'
 "See upturn in capex cycle, growth momentum to pick up: RBI report")
Investment conundrum
Economic uncertainty may delay private investment
 "Investment conundrum")
Capex by CPSEs accelerates to 60% of annual target during Apr-Nov period
CPSEs are likely to achieve their target as they tend to rush up their spending in March quarter
 "Capex by CPSEs accelerates to 60% of annual target during Apr-Nov period")
States' capital spends up 2.2% in 1st half despite huge spike in revenues
Capital expenditure of 18 states has risen just 2.2 per cent in the first half of the current fiscal even as their combined revenue deficit has narrowed to more than one-fourth from the year-ago
 "States' capital spends up 2.2% in 1st half despite huge spike in revenues")
