Public Investments

UK should double public investment to boost long-run growth: Think tank

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

Pakistan says United Arab Emirates to invest $10 billion in country

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.

Public versus private challenges

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

Saudi fund outpaces Singapore's GIC with $31.6 billion splurge: Global SWF

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

Sovereign wealth funds bullish on RRVL as valuation doubles in three years

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

Odisha notifies PPP policy to attract private investment in public infra

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

Public investment in agri-food systems up 22% in 2022: FAO report

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

Capex cannot be driven by public investment, says industry body Assocham

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 ..

Our capex increase accounts for global slowdown: Finance secy TV Somanathan

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

Budget 2023: Capex push to safeguard growth from global headwinds

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

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

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

One year of startup listings: Exuberance tapers as firms lose grip on gains

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

Union Budget 2022: Public investment to crowd-in the private

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

Best of BS Opinion: Reform in agriculture, public investment push and more

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

Yes, there are two Indias, and they are not getting any closer together

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

The Rs 6-trillion challenge

Aggressive asset monetisation can help push growth

Tamil Nadu announces new industrial policy, targets Rs 10 trn investments

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

The future of impact investing

Three major trends to consider when designing the Social Stock Exchange

Three dangerous myths

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

Should the govt borrow to fund capex?

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