Page 2 - Capital Expenditure

Centre releases Rs 1.73 trillion towards tax devolution to states

The Centre on Friday released tax devolution of Rs 1.73 lakh crore to the state governments to accelerate capital expenditure and finance welfare activities. "A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures," the finance ministry said in a statement. The Union government has released tax devolution of Rs 1,73,030 crore to state governments on Friday, as against the devolution of Rs 89,086 crore in December 2024, the ministry added. Currently, 41 per cent of taxes collected by the Centre is devolved in instalments among states during a fiscal year.

Broad-based corporate capex recovery unlikely in FY26: India Ratings

Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity is necessary, the agency added

Consumption jump, slower capex likely in FY25: NSO's 1st advance estimates

NSO data shows that the share of GFCF, a proxy for infrastructure investment in the economy, is expected to fall to 30.1 per cent of GDP in FY25 from 30.8 per cent in FY24 in nominal terms

Outlook 2025: Govt capex, safeguard duty key to steel sector performance

The monthly average price for December 2023 was Rs 55,000 per tonne while for December 2024, it stood at Rs 46,900 per tonne

Capex shrinks as fiscal deficit reaches 52% of FY25 estimate: CGA data

Economists said that the Centre's capex needs to expand by 65 per cent YoY in December 2024-March 2025 or record a monthly run rate of Rs 1.5 trillion, to meet the FY2025 target of 11.1 trillion

BS CEO poll: Corporate India sees demand recovery, capex surge in 2025

Top execs plan to go on hiring spree, expect govt to offer tax incentives

Industry seeks tax relief, capex boost, reforms at FinMin's pre-budget meet

Industry representatives stressed that, given the uncertainty caused by persisting global headwinds, government's focus on public capex in physical, social, and digital infrastructure will be crucial

Oil and gas CPSEs set to exceed IEBR capex for fifth-straight year

More than 145 projects costing Rs 100 crore under implementation by govt oil and gas firms

Govt consistently increased capex for infra development: MoS Finance

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 to float IPO on Dec 19; eyes Rs 400 cr via fresh issue

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 ...

Govt looks to reduce red tape and unmoor port infrastructure delays

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

Slowing capex: Focus more on growth dynamics than changing target norms

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

Govt may relax quarterly spending limits to meet FY25 capex target

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

Centre may relax expenditure norms for Q4 to speed up capital expenditure

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

Andhra Pradesh govt presents Rs 2.9 trn budget; see all major allocations

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)

CII asks for more reforms in tax code, sustaining capex in FY26 Budget

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

Expanding bond market to ease capital needs key to India's $5 trn goal

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

States cut spending by 6%: Is public capex at risk of major slowdown?

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

Private sector capital expenditure zooms 42% in Q2, shows CMIE data

But project completions slightly lower than in March quarter

PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale

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