Page 10 - Latest Updates on Capital Expenditure
Capital expenditure crucial as inflation may hit India Inc plans: Icra
Icra said it expected capacity utilisation to reach the critical threshold of 75 per cent required to trigger broad-based capacity expansion, only by the end of the current calendar year
 "Capital expenditure crucial as inflation may hit India Inc plans: Icra")
Not all states are so financially weak that they can't announce freebies
However some such as Punjab and West Bengal are not on sound financial ground
 "Not all states are so financially weak that they can't announce freebies")
FY22 private placements growth may have hit record low, shows data
Lower appetite from borrowers in post-pandemic economy a key reason, say experts
 "FY22 private placements growth may have hit record low, shows data")
Running on borrowings, Indian Railways must get on the track
India's largest public transporter has to reform its accounting practices to determine the losses it can sustain
 "Running on borrowings, Indian Railways must get on the track")
Indian states and their propensity to exaggerate their GSDP numbers
The higher estimate of the GSDP for a state allows the concerned finance minister to project a higher level of expenditure, particularly when revenues are flat
 "Indian states and their propensity to exaggerate their GSDP numbers")
Logistics firm TCI lines up Rs 250 cr capital expenditure for FY23
Logistics firm Transport Corporation of India is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal, a top company executive has said.
 "Logistics firm TCI lines up Rs 250 cr capital expenditure for FY23")
Pace of govt capital expenditure not robust enough, feel policymakers
The years FY21, FY22 and targets for FY23 have seen substantial jump in the Centre's capex outlay.
 "Pace of govt capital expenditure not robust enough, feel policymakers")
Renewable energy company Greenko plans to raise $500 mn to rejig debt
The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility
 "Renewable energy company Greenko plans to raise $500 mn to rejig debt")
Capital expenditure aid to states may be regular Budget feature
The amount is part of the Centre's Rs7.5 capex outlay for the next year.
 "Capital expenditure aid to states may be regular Budget feature")
Capex-funding plan for FY23 gets flak from some non-BJP ruled states
While Bengal, Kerala and TN hit out, Maharashtra welcomes Centre's move
 "Capex-funding plan for FY23 gets flak from some non-BJP ruled states")
Capital gains tax regime needs to be tweaked: Revenue secretary Tarun Bajaj
Revenue secy says rates and holding periods should be streamlined
 "Capital gains tax regime needs to be tweaked: Revenue secretary Tarun Bajaj")
FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year
Govt to shift part of CPSEs debt to itself as it infuses more equity
 "FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year")
Introduce another slab to tax the super-rich, says C Rangarajan
In a Q&A with ex-governor of RBI and Former chairman of Prime Minister's Economic Advisory Council C Rangarajan says that the Budget 2022-23 has erred on revenue projections on the lower side
 "Introduce another slab to tax the super-rich, says C Rangarajan")
Weak fiscal strength to remain key credit challenge for India: Moody's
Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then
 "Weak fiscal strength to remain key credit challenge for India: Moody's")
Budget impact: Capital expenditure-tilt positive for most sectors
Domestic-focussed sectors due to the government's push on infrastructure and indigenous manufacturing are the big winners in the Budget
 "Budget impact: Capital expenditure-tilt positive for most sectors")
Budget promises lift investors' sentiment; Sensex rises 695 points
Benchmarks rebound 4% in 3 days as Fed hike concerns ease, too
 "Budget promises lift investors' sentiment; Sensex rises 695 points")
Fiscal constraints
India needs to boost tax-to-GDP ratio
 "Fiscal constraints")
Budget 2022: Asset creation takes precedence over direct income enhancement
It continues to push its expenditure in infrastructure which would hopefully create further growth impulse and spur private sector to enhance its risk taking in response
 "Budget 2022: Asset creation takes precedence over direct income enhancement")
Private capex may start picking up by end of next fiscal, says India Inc
Govt's increased capex will benefit Indian companies, but with a lag
 "Private capex may start picking up by end of next fiscal, says India Inc")
A slightly higher deficit number will not be taken negatively by market
Reduction in surcharge (capped at 15 per cent) on long term capital gains - is positive from financial markets
 "A slightly higher deficit number will not be taken negatively by market")
