Only a handful of large firms ready for big spending
2 years, 2 months ago

Only a handful of large firms ready for big spending

Live Mint  

MUMBAI : Finance minister Nirmala Sitharaman’s expectation that private sector capital spending will power India’s economic growth appears to be wishful thinking as most companies, barring a handful of large conglomerates and state-run corporations, remain wary of new investments amid rising interest rates. Bankers said that the private capex cycle is quite uneven as large spending is mainly restricted to government projects, with only a few large conglomerates planning to spend on big projects. Experts and bankers said many companies are reluctant to commit to large projects amid surging inflation and high interest rates despite plant capacity utilization improving to over 75%, a level where most firms expand factories to create room for future growth. “With capacity utilization rising above 75%, coupled with an improving demand scenario, we could expect the private investment cycle to accelerate," a CareEdge report said on 15 September, adding that although the Centre’s continued thrust on capital spending is a welcome move, increased private participation is warranted to unleash the animal spirits in the economy.

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History of this topic

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26
3 days, 12 hours ago

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26

Live Mint  

New Delhi: The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by upto 10%, two persons aware of the development said. Private investment BoT projects allow private sector bidders to take construction risk …

Centre weighs easing conditions for interest-free capex loans to states
5 days, 12 hours ago

Centre weighs easing conditions for interest-free capex loans to states

Live Mint  

New Delhi: States may find it easier to get 50-year interest-free loans for capital expenditure from the Centre in the last quarter of the current fiscal year. “The idea is to fast-track the disbursement of interest-free capex loans during the last quarter of the fiscal to encourage states to spend more on capital expenditure," the first person mentioned above said. …

Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report
2 weeks, 2 days ago

Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report

Live Mint  

The central government will continue to focus on improving quality spending, strengthening the social security net and bringing down the fiscal deficit to 4.5 per cent of the gross domestic product in 2025-26. The gross tax revenue was estimated at about ₹38.40 lakh crore with an implied tax-GDP ratio of 11.8 per cent. With the above estimates of receipts and …

States push for more fiscal room, seek expansionary Union budget
3 weeks ago

States push for more fiscal room, seek expansionary Union budget

Live Mint  

State governments on Friday sought extra headroom for their borrowings and greater fiscal support for their capital expenditure from the Centre, while advocating an expansionary union budget for FY26 to arrest an economic slowdown and a weakening currency. Ministers from 28 states, including some of the chief ministers and deputy chief ministers, attended Union finance minister Nirmala Sitharaman’s budget consultations …

Centre to make highest-ever effective capital expenditure in fiscal year 2024-25, know what it is
3 weeks, 3 days ago

Centre to make highest-ever effective capital expenditure in fiscal year 2024-25, know what it is

India TV News  

The Central government is set to make the highest-ever effective capital expenditure in the fiscal year 2024-25, Union Finance Minister Nirmala Sitharaman said during the proceedings in Lok Sabha. Sitharaman on Tuesday stated that the effective capital expenditure of the Union govt for this fiscal year is pegged at a staggering Rs 15.02 lakh crore, among the highest such spending …

Highway capex moves in slow lane in FY25
3 weeks, 4 days ago

Highway capex moves in slow lane in FY25

Live Mint  

Spending to build and expand India's sprawling highway network has slowed sharply, with the Centre achieving only 55% of the capex target in FY25. In the April- November period, the National Highways Authority of India and the National Highways and Infrastructure Development Corp. Ltd which come under the road ministry, built less than 5,000 km of national highways, lower than …

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci
4 weeks ago

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci

Live Mint  

New Delhi: Businesses need to step up their research and development spending, and the industry expects the government to sustain the growth in budget allocation for capital expenditure as these two would help the Indian industry to become more competitive in global markets, Harsha Vardhan Agarwal, president of Federation of Indian Chambers of Commerce and Industry, and vice-chairman and managing …

Capex support will continue for infrastructure development: Minister Chaudhary
4 weeks, 1 day ago

Capex support will continue for infrastructure development: Minister Chaudhary

Live Mint  

India's capital expenditure on infrastructure projects such as roads, railways, ports, airports, and telecommunications has been rising steadily over the years, and the government stands ready to make adequate funds available in next year's budget as well to maintain the sector's growth momentum, minister of state for finance Pankaj Chaudhary said on Friday. India aims to become a developed nation …

Capex slowdown helps govt cut deficit by 6.6 per cent in Apr-Oct
1 month, 1 week ago

Capex slowdown helps govt cut deficit by 6.6 per cent in Apr-Oct

New Indian Express  

NEW DELHI: The slowing down of capital expenditure has helped the central government keep its books in order with fiscal deficit contracting by 6.6% in the first seven months of the current financial year, according to the data released by the government. The fiscal deficit during the period was Rs 7.5 lakh crore, which is 46.5% of the budget target …

Centre eyes 95% of undershot capex target for FY25: Ajay Seth
1 month, 3 weeks ago

Centre eyes 95% of undershot capex target for FY25: Ajay Seth

Live Mint  

New Delhi: The government’s capital expenditure for FY2025 is projected to align closely with last year’s spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs said on Wednesday. Last year, we spent 95% of the allotted capex, and this year it is likely to be …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 4 weeks ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Govt plans survey of lagging private capex
3 months, 2 weeks ago

Govt plans survey of lagging private capex

Hindustan Times  

The statistics ministry is planning to conduct a survey of private-sector capital investment going into the economy, which has been lagging government capex but is critical for growth and jobs in Asia’s third-largest economy, a senior official has said. Private sector investment has grown at a slower pace, outstripped by government fixed capital formation, a measure of public spending on …

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman
3 months, 2 weeks ago

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman

The Hindu  

Setty has said the bank has already got ₹4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year. As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure …

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation
5 months, 1 week ago

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation

The Hindu  

Replying to the debate on the Union Budget in Rajya Sabha on Wednesday where more than 80 elders participated, Union Finance Minister Nirmala Sitharaman said the transfer of resources to the States is going unhindered and the inferences that she mentioned just two States in the budget was a propaganda created by the INDIA bloc to mislead the people. Countering …

What’s the Budget push for infrastructure?
5 months, 2 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months, 2 weeks ago

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman

The Hindu  

In her seventh budget presentation, Finance Minister Nirmala Sitharaman announced allocating Rs 11 lakh, 11 thousand and 111 crore towards capital expenditure. She further urged, “We will encourage states to provide support of similar scale for infrastructure development based on their priorities.” The finance minister stated that private investment in infrastructure will be promoted through Viability Gap Funding and a …

Modi government's Capex ambitions face budgetary constraints amid political pressures
5 months, 4 weeks ago

Modi government's Capex ambitions face budgetary constraints amid political pressures

New Indian Express  

NEW DELHI: The Narendra Modi-led government, since it took reins in 2014, has boasted of creating infrastructure at an unprecedented pace. In the first 10 years of his government’s tenure, the government has increased allocation to capital expenditure – spendings on creating infrastructure and other productive assets – by over five times. As Finance Minister Nirmala Sithraman readies herself to …

Punjab government misses 2023-24 capex target by 53%
7 months, 2 weeks ago

Punjab government misses 2023-24 capex target by 53%

Hindustan Times  

The Punjab government missed its capital expenditure target by 53% during the financial year 2023-24. Against a capital expenditure of ₹ 10,354 crore proposed in budget estimates, the state government spent only ₹ 4,862 crore during the financial year, leaving a gap of ₹ 5,492 crore, according to the latest data on key economic indicators Against a capital expenditure of …

New private investments dropped over 15% in 2023-24; States led capex growth
8 months, 3 weeks ago

New private investments dropped over 15% in 2023-24; States led capex growth

The Hindu  

Fresh investment plans by the private sector fell 15.3% in 2023-24, while foreign investors slashed new outlays by almost a third, dragging down the value of new investment announcements in the country almost 5% from the all-time high of almost ₹37 lakh crore recorded in 2022-23. Manufacturing’s share in new investments, declined from almost 54% in 2022-23 to 33.8% of …

In A First, Road Ministry's Capex in 2023-24 Crosses Rs 3 Lakh Crore With Highest-Ever Private Investment
9 months ago

In A First, Road Ministry's Capex in 2023-24 Crosses Rs 3 Lakh Crore With Highest-Ever Private Investment

News 18  

In what may be termed a first in the road ministry’s history, the actual capital expenditure, including that from private investment, in the financial year 2023-24 crossed Rs 3 lakh crore, data accessed by News18 shows. The numbers suggest that in the last financial year, the Ministry of Road Transport and Highways was allocated Rs 2.64 lakh crore, the highest-ever, …

Lacklustre capex by PSUs is blunting government’s growth stimulus
11 months ago

Lacklustre capex by PSUs is blunting government’s growth stimulus

Live Mint  

The Narendra Modi government’s strategy for supporting growth has been to increase capital expenditure through its budget in the hope that the infrastructure created would nudge the non-government sector to invest, creating new incomes. FY25 will be the fourth successive year in which more than half the growth in the total spending through the budget will be due to higher …

Increased Capex on Infra to Spur Steel Demand, Attract investments, Say Experts
11 months, 1 week ago

Increased Capex on Infra to Spur Steel Demand, Attract investments, Say Experts

Deccan Chronicle  

NEW DELHI: The increased capex on infrastructure in the budget will spur domestic steel demand, attract investments and create job opportunities, industry players and experts said. Anubhav Kathuria, Director, Synergy Steels said the expansion of PM-Awas Grameen Yojana to 2 crore more houses and the conversion of 40,000 existing railway bogies to Vande-Bharat standards besides the three new railway economic …

Interim Budget surprises fixed income market
11 months, 1 week ago

Interim Budget surprises fixed income market

New Indian Express  

It was expected to be a restricted vote on national accounts, but this interim budget, instead, surprised fixed income markets so much so that the yield of India’s benchmark 10-year government security fell by 9 bps. Firstly, in FY24, not only did India manage to achieve the highest economic growth on the back of heavy public capex, but it did …

A case of capex under the ‘macroscope’
11 months, 1 week ago

A case of capex under the ‘macroscope’

The Hindu  

India’s economic recovery in the early post COVID-19 pandemic phase was distinctly underscored by a strong performance in exports and domestic investments. The FY25 Interim Budget carries forward the ethos of public capex a notch higher, thereby bolstering the government’s commitment to high quality spending. The budgeted capex by the central government, an important metric for capacity creation in the …

Interim budget 2024-25: Capex raised to 3.4% of GDP despite fiscal consolidation
11 months, 1 week ago

Interim budget 2024-25: Capex raised to 3.4% of GDP despite fiscal consolidation

Hindustan Times  

The central government’s capital spending in 2024-25, according to the interim budget will be ₹11,11,111 crore, a number which is more like an auspicious figure than a hard-headed budgetary allocation. Read here: Interim budget 2024-25: Govt stays the course on fiscal consolidation path Fiscal numbers of the second Narendra Modi government speak for themselves. The share of capital spending in …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
11 months, 1 week ago

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore

News 18  

Ensuring more power to infrastructure development for economic growth and employment creation, a large sum of Rs 11,11,111 crore has been set aside as the capital expenditure outlay in the interim budget 2024. “Building on the massive tripling of the capital expenditure outlay in the last four years, resulting in a huge multiplier impact on economic growth and employment creation, …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months, 2 weeks ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months, 3 weeks ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

Interim Budget 2024: Overall spending likely to see 10% hike, says report
11 months, 3 weeks ago

Interim Budget 2024: Overall spending likely to see 10% hike, says report

India Today  

The upcoming interim budget for the fiscal year 2024-25 may witness a cautious approach from the government, with an anticipated 10 per cent increase in overall spending compared to the current fiscal year, reported The Economic Times. Despite the economy's robust growth, with a forecasted 7.3 per cent increase in Gross Domestic Product for the fiscal year 2023-24, the government …

Centre to take foot off capex pedal after FY25 budget
1 year ago

Centre to take foot off capex pedal after FY25 budget

Live Mint  

NEW DELHI : After an expected spurt in the next fiscal year, government capital expenditure may grow at a more sedate pace in the years ahead as the Centre sets its sights on fiscal consolidation, two people aware of the plans said. A second reason for the modest increase in capex after 2024-25 is the saturating fund absorption capacity of …

UP surpasses capex target, set to get 2nd tranche of central loan
1 year, 2 months ago

UP surpasses capex target, set to get 2nd tranche of central loan

Hindustan Times  

LUCKNOW Uttar Pradesh government has spent 51% of the capital expenditure target against the required 45% to get the second instalment of an interest-free loan for 50 years from the Centre under its special assistance scheme for the states. The government proposes to spend all the funds earmarked for capital expenditure by the end of 2023-2024, and this is bound …

Highways Ministry, Railways Achieve Around 40% Capital Expenditure Till July, Aim to Spend 90% by December
1 year, 4 months ago

Highways Ministry, Railways Achieve Around 40% Capital Expenditure Till July, Aim to Spend 90% by December

News 18  

With about eight assembly polls and the Lok Sabha elections scheduled in the next one year, the Union government is prioritising its spending. Of the Rs 5 lakh crore allocated to these ministries for the current financial year, the two have already spent Rs 2.06 lakh crore by July-end. According to a Railway Ministry official, by July-end, the national transporter …

PM Could Launch 42 Key Projects by Jan 26, Ministers to Focus on ‘9-Month Yatra’ to Show Results
1 year, 6 months ago

PM Could Launch 42 Key Projects by Jan 26, Ministers to Focus on ‘9-Month Yatra’ to Show Results

News 18  

Prime Minister Narendra Modi could inaugurate nearly 42 signature projects, each worth Rs 5,000 crore or more, by January 26 next year and has asked ministers to undertake a ‘9-month Yatra’ to push the projects and ensure “benefits are felt by the people”, top government sources have told News18. Sources say the prime minister said there are many achievements of …

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin
1 year, 10 months ago

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin

ABP News  

The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over …

ReNew plans ₹35,000 cr capex over 18 months: CEO
1 year, 10 months ago

ReNew plans ₹35,000 cr capex over 18 months: CEO

Live Mint  

New Delhi: ReNew Energy Global Plc, one of India’s largest clean energy developers with a 13.4GW portfolio and 7.7GW commissioned capacity, plans to invest ₹35,000 crore in capital expenditure over 18 months. In an interview, founder chairman and chief executive Sumant Sinha spoke about ReNew’s capital recycling strategy, enough equity availability to build projects in its portfolio, and India’s strong …

Capex bet and a welfare miss: Story of Budget in nine charts
1 year, 11 months ago

Capex bet and a welfare miss: Story of Budget in nine charts

Live Mint  

In the last full-year Budget before the 2024 general elections, finance minister Nirmala Sitharaman delivered her shortest speech, hitting all the right notes. HEARTY CAPEX In 2023-24, which is likely to see a global growth slowdown, the Centre has budgeted a record capital expenditure of ₹10 trillion, up nearly 37% from the revised estimate of the ongoing year. Meanwhile, following …

Tax-Capex double engine in Union Budget 2023-24
1 year, 11 months ago

Tax-Capex double engine in Union Budget 2023-24

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned in 2023-24, sought to encourage taxpayers to spend more with tax cuts, and announced a ₹35,000 crore expenditure on energy transition even as she managed to reduce the fiscal deficit to 5.9% from 6.4% this …

Trains, Roads, 5G, Defence: Where Does Rs 10 Lakh Cr Capex Budget Go? Three-fourth in 4 Ministries, Depts
1 year, 11 months ago

Trains, Roads, 5G, Defence: Where Does Rs 10 Lakh Cr Capex Budget Go? Three-fourth in 4 Ministries, Depts

News 18  

More highways and expressways, Vande Bharat trains, rapid laying out of 5G infrastructure and shoring up India’s defences – this is the top priority of the Narendra Modi-led government in the next financial year with just four ministries or departments accounting for nearly 73 percent of the massive Rs 10 lakh crore capex budget in 2023-24. The budget documents show …

Great Budget for CapEx and Railways, Not Bad for Direct Taxes - News18
1 year, 11 months ago

Great Budget for CapEx and Railways, Not Bad for Direct Taxes - News18

News 18  

Finance Minister Nirmala Sitharaman began her speech by calling Budget 2023 the first one in Amrit Kaal. Unfortunately, there were few takers for the new scheme because one could pay fewer taxes by using the various exemptions in the old scheme. There will be less complicated tax calculations involved in using the exemptions and actually lower tax liabilities just by …

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements
1 year, 11 months ago

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements

Hindustan Times  

The Narendra Modi government at the Centre will focus on economic growth and job creation and cut down the fiscal deficit, Union finance minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. She also said the enhanced capex of ₹10 lakh crore for infrastructure development is at 3.3 per cent of the …

The forced capex gamble in Budget 2023
1 year, 11 months ago

The forced capex gamble in Budget 2023

New Indian Express  

The more important question is, where is the money for such large government expenditure coming from? The government cannot increase tax collections dramatically since its tax structure is already skewed, with a heavy burden on the common people to the benefit of corporates who have not reciprocated. The Economic Survey tells us that demand for NREGA work continues to be …

Union Budget 2023-24: Aiming For A Fine Balance
1 year, 11 months ago

Union Budget 2023-24: Aiming For A Fine Balance

News 18  

The Indian economy has been recovering well from the pandemic. With this context, restricting GFD/GDP to around 5.8 per cent should be targeted and ensure the government remains committed to the target of reaching 4.5 per cent by FY2026. We see five key reasons for a limited space for a “populist” Budget — Lower tax revenue growth, given lower GDP …

Credit challenges: On credit flow and all-round capital spending
2 years ago

Credit challenges: On credit flow and all-round capital spending

The Hindu  

The Reserve Bank of India’s ‘Report on Trend and Progress of Banking in India’, paints a picture of credit growth having rebounded smartly, with the consolidated balance sheets of Indian commercial banks showing double-digit expansion after a seven-year gap. With retail inflation and concerns about price stability eroding savers’ real returns as well as confidence to save, banks have found …

India's public capex may not need to expand at same pace in coming years, says CEA
2 years, 1 month ago

India's public capex may not need to expand at same pace in coming years, says CEA

The Hindu  

India's public sector capital expenditure will continue, but may not need to expand at the same pace as it has in recent years, the country's chief economic adviser said on Friday. Therefore, it may not be necessary or even healthy for public sector to keep expanding capital investment at the same pace, he added. As private firms start to borrow …

The Indian capex wheel has begun to take a green turn
2 years, 8 months ago

The Indian capex wheel has begun to take a green turn

Live Mint  

Corporate capital expenditure in India is poised for a leap in a new direction—green investments. Industrial capex, which comprised only a fourth of overall annual average capex of about ₹12 trillion in the past five fiscal years, is estimated to have grown at a pace of over 30% in 2021-22, far faster than the compound annual growth rate of 6% …

Increased tax revenue mop-up keeps India on track to becoming $5 trillion economy: Finance Ministry
2 years, 8 months ago

Increased tax revenue mop-up keeps India on track to becoming $5 trillion economy: Finance Ministry

The Hindu  

The focus on capex in the recently announced Budget for the current fiscal year will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a $5 trillion economy, the finance ministry said on Thursday. Tax revenues in last fiscal year grew by a record 34% to ₹27.07 lakh crore, which the ministry said is "a remarkable …

Creating jobs by increasing capex
2 years, 11 months ago

Creating jobs by increasing capex

The Hindu  

If we had to look for one single metric that held the key to us achieving our immense economic potential as a nation, creation of gainful jobs, particularly for our underemployed youth and women, would perhaps be a strong candidate. Data released by the Controller General of Accounts shows that for the first nine months of the current fiscal year …

Capex hike to social sector cuts: The story of Budget 2022, in nine charts
2 years, 11 months ago

Capex hike to social sector cuts: The story of Budget 2022, in nine charts

Live Mint  

An aggressive focus on government spending led on the capital side was the big theme of Finance Minister Nirmala Sitharaman's second pandemic budget. We explore Budget 2022 in nine charts: Dissecting the capex For an economy emerging out of a pandemic, Finance Minister Nirmala Sitharaman was expected to ramp up the capital expenditure markedly. Welfare cuts Unlike last year, Sitharaman …

Private Investment Missing in Action, Cautions RBI in its Monthly Bulletin
3 years, 10 months ago

Private Investment Missing in Action, Cautions RBI in its Monthly Bulletin

News 18  

The Reserve Bank of India in its monthly bulletin for February 2021 said that India’s economic activity is gaining momentum as Covid-19 incidence recedes but private investment still remains a concern. RBI Governor Shaktikanta Das had on Wednesday had said that the Centre needs to ramp up spending on the infrastructure sector which will in turn help in pooling in …

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