Page 3 - Latest Updates on Capital Expenditure
India's defence budget masks capital allocations to each service
The only way to estimate the capital allocation for each service is to calculate the allocations to each service over the preceding decade
 "India's defence budget masks capital allocations to each service")
GMDC approves capex of Rs 3,041 cr for FY25, targets Rs 800 cr this fiscal
Recognising the role of critical minerals in the global economy, the company has set aside Rs 462 crore for the expansion and modernisation of its metal projects
 "GMDC approves capex of Rs 3,041 cr for FY25, targets Rs 800 cr this fiscal")
JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs
JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, asking not to be identified as the information is private
 "JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs")
India Inc must get its act together on capex: RBI's state of economy report
Unsecured loans rise despite higher risk weighting
 "India Inc must get its act together on capex: RBI's state of economy report")
The NDA approach to PSUs
The Modi govt's equity contribution to public sector units has risen even as their capacity to generate resources has taken a hit
 "The NDA approach to PSUs")
Prospects bright for capital formation, upturn in pvt capital expenditure
The government also expects inflation to further reduce due to measures announced to rein in food prices
 "Prospects bright for capital formation, upturn in pvt capital expenditure")
Qualitative improvement
Higher capex will improve growth prospects
 "Qualitative improvement")
NDA removed supply hitch, created infra: White Paper on Indian economy
Cites transparent allocation of public resources as a catalyst for public welfare
 "NDA removed supply hitch, created infra: White Paper on Indian economy")
Sulphur-coated urea will improve fertiliser efficiency but needs efforts
Farmers will have to be educated and factories will require capital expenditure
 "Sulphur-coated urea will improve fertiliser efficiency but needs efforts")
Large part of Rs 11 trn capex for FY25 to flow into energy sector: PM Modi
The Interim Budget, presented on February 1, projected a capex of Rs 11 trillion for next year, up from Rs 10 trillion in FY24
 "Large part of Rs 11 trn capex for FY25 to flow into energy sector: PM Modi")
India Inc to press the capex pedal with Budget push, shows BS CEO poll
CEOs to take advantage of Rs 1 trn innovation fund
 "India Inc to press the capex pedal with Budget push, shows BS CEO poll")
FM Sitharaman's Interim Budget is high on confidence, not on populism
FM overperforms on deficit, stays away from sops, pushes feel-good factor by ending old tax disputes, lists out decade of development
 "FM Sitharaman's Interim Budget is high on confidence, not on populism")
Interim Budget: Govt remains steady in its course and its objectives
Another critical point that is not really addressed in the Interim Budget of the finance minister is the fact that private investment is not moving up broadly and fast enough
 "Interim Budget: Govt remains steady in its course and its objectives")
A Budget for extracting outcomes from outlays given to Indian Railways
The year 2023 was a golden era for Railways' passenger business. Intercity passenger journeys at the end of Q3FY24 touched 2.2 billion, a 16 per cent growth over the previous year
 "A Budget for extracting outcomes from outlays given to Indian Railways")
Budget reinforces the vision of a confident, consistent and credible India
The government has exuded confidence that despite an election year, it has stayed committed to enhancing the quality of its spending
 "Budget reinforces the vision of a confident, consistent and credible India")
Interim Budget: Infra focus, fiscal prudence are positives for street
While overall capex has increased, some analysts had expected higher outlays for road, defence and railways
 "Interim Budget: Infra focus, fiscal prudence are positives for street")
Interim Budget 2024-25: 'Staying with capex, infrastructure thrust'
The Interim Budget provides a good roadmap to the full Budget expected in July, along with an overarching vision towards a developed India by 2047
 "Interim Budget 2024-25: 'Staying with capex, infrastructure thrust'")
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'")
