Public Investments

NIESR forecasts Britain's economy will only grow by 1.1 per cent this year and does not expect annual growth to exceed 1.3 per cent in between now and 2029

The Pakistani government said Thursday that the United Arab Emirates committed to investing up to $10 billion in Pakistan during a meeting in the UAE capital between that country's president and the Pakistani prime minister. The office of Pakistani Prime Minister Shehbaz Sharif said in a statement that UAE President Mohammed bin Zayed Al Nahyan made the commitment during a meeting in Abu Dhabi with Sharif, who is visiting the UAE. It provided few details. The statement said Sharif told the UAE president about measures the Pakistani government is taking to encourage foreign investment, and that the UAE president committed to investing $10 billion in various sectors in Pakistan. Sharif also invited the UAE president to visit Pakistan, an offer which he accepted, the statement said.

The struggle to bridge the gap between defence exports and imports raises questions about the viability of strategic partnerships

That was higher than the $20.7 bn it invested the previous year, an increase that contrasts with a wider trend - globally state-owned investors deployed $124.7 bn, about a fifth less than prior year

RIL retail arm in talks with global investors to raise $2.5-3 billion

The Odisha government has notified a new Public Private Partnership (PPP) Policy, 2023 to attract private investment in the construction of public infrastructure. The new policy notified by the state Finance Department will be applicable to all infrastructure projects including roads, bridges, ports, railways, airports, irrigation, helipads, industrial parks, logistic hubs, water supply, power, tourism, sports, healthcare, education, and inland waterways implemented through the PPP route. The government has also made a provision for levying user fees to boost the commercial viability of the projects and the amenability of private sector participation, according to a notification. As per the policy, projects with capital expenditure up to Rs 10 crore will be approved by the director of the PPP Cell of the state government, provided that these projects do not require any assistance from the Odisha Infrastructure Development Fund (OIDF) or the state Viability Gap Funding (VGF). For it

"We must act together, and quickly, to tackle these global challenges for a healthier, more sustainable future that leaves no one behind"

Industry body Assocham on Monday said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy. Prime Minister Narendra Modi last month urged India Inc to increase investment in tandem with the government's decision to raise capital expenditure (capex) and take advantage of the opportunities unveiled in the Union Budget 2023-24. The chamber's newly appointed President Ajay Singh said he foresees a "significant rise in private investment" in the coming 2-3 years, driven by the Centre's capex push. "It cannot be that expenditure in the economy is largely public expenditure. The private sector has to participate and with the environment that is being created today, with the infrastructure spend that the government is doing, opportunities available to companies both in India and overseas. I think you will see an uptick in private investment in the next 2-3 years," Singh said addressing a press ..

"The government's welfare schemes are quite large, comprehensive, well spread and the emphasis is on implementation rather than on budget provisions"

The centre has been able to spend 65.4 per cent of its capex allocation for FY23 during April-December period against 70.7 per cent during the same period in FY22

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

After Zomato's promising start, global tech meltdown halts listing gravy train

Sitharaman said capital investment holds the key to speedy and sustained economic revival

Here is the best of Business Standard's opinion pieces for Friday

The fifth National Family Health Survey's findings make it clear that there are indeed two Indias - one represented by Tamil Nadu and another by Bihar, writes T N Ninan

Aggressive asset monetisation can help push growth

Policy aims to raise contribution of manufacturing sector to 30% of GSDP by 2030, create two million jobs.

Three major trends to consider when designing the Social Stock Exchange

The errors and misapprehensions that led to constant optimism about Indian growth

From lenders or purely fund raising point of view, money could more safely be deployed with the government entities like the NHAI and the IRFC than with private companies