Capital Expenditure

The Modi government has consistently increased its expenditure towards infrastructure building over the last 5 years and aims to achieve the Rs 11.11 lakh crore capex target set for the current fiscal, Minister of State for Finance Pankaj Chaudhary said on Friday. The government's capital expenditure increased from over Rs 5 lakh crore in 2021-22 to Rs 11.11 lakh crore in 2024-25. "The focus of the Modi Government is on building infrastructure... India's road, air and rail connectivity has improved considerably over the last 10 years," Chaudhary told reporters here. He further said that keeping in mind the goal set by Prime Minister Narendra Modi to make India a developed nation by 2047, the government has been making budget allocations and will continue to do so in the upcoming Budget for 2025-26. As per Niti Aayog's 'Vision for Viksit Bharat @ 2047' document, India should strive to elevate itself to high-income status by its centenary of independence. India must aim to become a

Transrail Lighting Ltd is gearing up to launch its public offering on December 19, featuring a fresh issuance of equity shares worth Rs 400 crore. Apart from the fresh issue, the initial public offering (IPO) comprised an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings Private Limited, according to the red herring prospectus (RHP). At present, Ajanma Holdings holds an 83.22 per cent stake in the Mumbai-based company. The initial share sale will open for public subscription from December 19-23. The bidding for anchor investors will open for a day on December 18, the RHP showed. Proceeds from the fresh issue will be used to fund incremental working capital requirements, support capital expenditure and for general corporate purposes. Transrail Lighting is one of the leading Indian engineering, procurement and construction (EPC) companies with a primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice ...

New plan aims to expand financial powers, and level the playing field with private operators

Patterns of capital expenditure have a bearing on economic growth. With their huge spending power, states have as big a role in economic development as the Union government

Analysts say the weaker spending is one of the reasons for a recent slowdown in India's high frequency economic indicators

The Centre's capex, through which it builds physical infrastructure, reached Rs 4.1 trillion or 37.3 per cent of the annual target in the first five months of FY25

The estimated revenue deficit stands at Rs 34,743 crore (2.12 per cent of the GSDP), while the fiscal deficit is estimated at Rs 68,743 crore (4.19 per cent of the GSDP)

Industry chamber CII on Thursday pitched for further reforms in the tax system, including through simplification of taxes, as well as sustaining the capital investment momentum in the Budget for 2025-26. In a meeting with Revenue Secretary Sanjay Malhotra, CII urged the government to increase the capex by 25 per cent over 2024-25 (BE) with a sharp focus on infrastructure related to rural areas, agriculture, and the social sector. The Budget for the 2025-26 fiscal year is set to be presented on February 1, 2025. CII President Sanjiv Puri said given the intrinsic strength of the economy and with growth aspirations of the people, this is an opportune time for India to design a blueprint and a template outlining the next phase of reforms. "India has emerged as the beacon of stability and growth in a fraught world, in the last decade. We are looking at the Union Budget to further consolidate this position and create a competitive India, that is prosperous, inclusive, equitable, environm

Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent

Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year

But project completions slightly lower than in March quarter

PMEA Solar IPO: The funds raised through the fresh issue will be allocated towards capital expenditure and debt repayment

Transfers to states for capex also slowed to 12 per cent of the budget estimate for the same period, compared to 24 per cent in the corresponding period last year

The region is expected to clock a growth of 7% in FY25 but it's dependent on Central government grants

JSW Group firm JSW Infrastructure Limited on Monday said it has approved a capex of Rs 2,359 crore for the capacity expansion at its Jaigarh and Dharamtar Port. As a part of the company's FY2030 growth plan to increase capacity to 400 million tonnes per annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies has approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh), a statement said. The capex plan includes mechanical, civil, and electrical work for the new berths and additional infrastructure like railway siding for Jaigarh Port to boost third-party cargo movement, it added. According to the statement, the expansion will increase the overall capacity of Jaigarh Port to 70 MTPA from the current 55 MTPA and Dharamtar Port to 55 MTPA from 34 MTPA at present. This expansion primarily aims to cater to the increased cargo volume of the anchor customer on the back of the proposed 5 MTPA steel-making

The growth slowed to a five-quarter low of 6.7 per cent year-on-year (Y-o-Y) in the April-June quarter

But the region spends a considerably higher amount on generating assets relative to its economic size compared to the average seen in other states

Higher welfare spends announced by the Eknath Shinde-led Maharashtra government ahead of the elections will take the fiscal deficit beyond the target, and may lead to a compression in capital expenditure, a report said on Monday. The fiscal deficit for FY25 is expected to come at 3 per cent as against the budget target of 2.5 per cent, India Ratings and Research said in a report, adding that the state will resort to higher borrowings to bridge the gap. The government presented the final budget for FY25 of Rs 6.12 lakh crore on June 28, and also tabled supplementary demands of Rs 94,889 crore on July 10 primarily toward social welfare schemes, it said. The supplementary demands include Rs 25,000 crore for Mukhyamantri Majhi Ladki Bahin Yojana, Rs 6,056 crore for skill development, Rs 4,317 crore towards social justice, Rs 4,185 crore on public health, it said. The revenue deficit will come at 1.3 per cent as against the budget target of 0.5 per cent, it said. "The fiscal deficit is

Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside

The govt will continue to drive investments with focus on capex spending