Paradigm shift in approach towards capital, investment and growth called for
1 year, 10 months ago

Paradigm shift in approach towards capital, investment and growth called for

The Hindu  

The State budget was presented amidst several concerns being raised about the state of government finances. An increase in Plan expenditure and within that an increase in capital outlay to ₹14,079 crore from ₹10,639 crore is a move in the right direction. In fact, capital outlay under Plan expenditure is declining to ₹9,805 crore in 2023-24 from ₹14,079 crore this year! This fall in capital outlay and a slow growth in the overall Budget size could be to make it more realistic in the context of many challenges listed in the initial paragraph. It requires a paradigm shift in the approach towards capital, investment and growth.

Budget Capital State Crore Revenue Expenditure Capital Outlay Plan Expenditure Growth Called  budget  investment  growth  called  outlay  crore  capital  revenue  expenditure  state  economy  shift  paradigm  approach

History of this topic

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci
1 week, 3 days 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 …

India’s GDP growth shocker: Bad news can be good too
2 weeks, 5 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

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

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers
4 months, 3 weeks ago

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers

Firstpost  

More than 1,000 participants from the industry, government, diplomatic community and think tanks, among others, attended the conference in person while many others will connect virtually from various CII centres around the country and overseas Prime Minister Narendra Modi on Tuesday addressed the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference.’ During his address, PM …

Nearly 85% of capital expenditure loans to states released in FY24: Finance ministry
4 months, 3 weeks ago

Nearly 85% of capital expenditure loans to states released in FY24: Finance ministry

Live Mint  

New Delhi: The Union government released about ₹1.10 trillion of the ₹1.3 trillion allocated to states in 2023-24 as interest-free loans towards developing infrastructure and specific reforms, with Uttar Pradesh, Madhya Pradesh, and Bihar cornering a large portion of the funds. Uttar Pradesh received the most funds, ₹19,215.08 crore, while Madhya Pradesh secured ₹12,636.21 crore, Bihar ₹8,814.80 crore, Rajasthan ₹8,513.42 …

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

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls
5 months, 2 weeks ago

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls

Hindustan Times  

Mumbai: Merely a week after the ₹6,12,293 crore budget for 2024-25 was presented, the state government tabled the supplementary demands of ₹94,889 crore, making it the highest ever in history. The supplementary demands mostly aim to finance the populist schemes announced in the budget in anticipation of the upcoming Assembly polls scheduled for October this year. Jayant Patil, former finance …

Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24
5 months, 3 weeks ago

Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24

Hindustan Times  

Mumbai: Maharashtra’s economy is expected to grow at 7.6% in the financial year 2023-24, which is at par with the growth of the Indian economy but lower than 9.4% recorded in 2022-23, according to the state’s latest economic survey. The state’s per capita income is expected to grow to ₹2,77,603 in 2023-24 from ₹2,52,389 crore in 2022-23. Deputy chief minister …

Budgetary allocations in UP: 67% funds used so far, efforts on to utilise money by March 31
9 months, 2 weeks ago

Budgetary allocations in UP: 67% funds used so far, efforts on to utilise money by March 31

Hindustan Times  

LUCKNOW With the current financial year ending on March 31, 2024, the state government has so far used nearly 67% of the budgetary funds and efforts have been stepped up to ensure that departments make use of the funds without compromising on quality. The state government got an annual budget of ₹ 6.90 lakh crore approved from the state legislature …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
9 months, 3 weeks ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months ago

Capital expenditure revised downwards for 2023-24 - The Hindu

The Hindu  

Tamil Nadu budget has revised the capital expenditure downwards to ₹42,532 crore in revised estimates for 2023-24 from ₹44,366 crore in the budget estimates. The capital expenditure goes towards creation of fixed assets such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. For 2024-25, the State has estimated its capital expenditure to …

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’
10 months ago

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’

Hindustan Times  

Tamil Nadu finance minister Thangam Thennrasu on Monday presented the state budget for 2024-25 announcing a total outlay of ₹3.48 lakh crore, along with a revenue deficit of over ₹49,000 crore as the government promised an increased focus on infrastructure and expanding welfare schemes encompassing “seven Tamil dreams” with no new populist announcement, aiming at fiscal prudence. The alleged “inordinate …

We mustn't spread India’s social sector spending too thin
10 months, 1 week ago

We mustn't spread India’s social sector spending too thin

Live Mint  

India unhesitatingly desires to grow" were the words echoed by our former finance minister, the late Arun Jaitley, when he presented the Narendra Modi government’s first Union budget a decade ago. Its focus was conspicuously on poverty reduction, increasing employment opportunities, equitable development and fighting these challenges under the government’s pet phrase for collective development, “Sab ka Saath, Sab ka …

Bihar Budget: Govt. presents ₹2.79 lakh crore budget, growth rate ‘highest’ in country at over 10%
10 months, 1 week ago

Bihar Budget: Govt. presents ₹2.79 lakh crore budget, growth rate ‘highest’ in country at over 10%

The Hindu  

Amid pandemonium by Opposition legislators, Bihar Deputy Chief Minister Samrat Choudhary, who is also the Finance Minister, on Tuesday presented the ₹2.79 lakh crore Budget in the State Assembly days after the JD-BJP formed the government. Presenting the Budget, Mr. Choudhary said the current financial year 2023-24 saw 2.5 crore people rising above the poverty line in the State. “The …

Key takeaways from interim Budget 2024-25 in charts
10 months, 3 weeks ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
10 months, 3 weeks 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, …

2024 Interim Budget | Net zero gain for job guarantee scheme
10 months, 3 weeks ago

2024 Interim Budget | Net zero gain for job guarantee scheme

The Hindu  

With allocation of ₹86,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme, the budget for the scheme for the financial year 2024-25 has been hiked by ₹26,000 crore in comparison to the 2023-24 Budget estimates, though it is the same as the revised estimates for the ongoing financial year. In the 2023 Budget, only ₹60,000 crore was allocated …

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

Interest-free loans to states may be extended
1 year ago

Interest-free loans to states may be extended

Hindustan Times  

New Delhi The central government may extend its ₹1.30 lakh crore interest-free loan for 50 years to states to boost capital expenditure and expedite policy reforms in the coming Budget with growing demand for the fund as 74% of the total corpus for 2023-24 is already sanctioned in just seven months of the current financial year, two officials aware 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 …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

Indian economy witnesses significant surge in gross fixed capital formation: Pankaj Chaudhary
1 year, 4 months ago

Indian economy witnesses significant surge in gross fixed capital formation: Pankaj Chaudhary

Live Mint  

New Delhi: Gross Fixed Capital Formation in India, an essential measure of investment in the economy, has seen significant growth from ₹32.78 lakh crore in fiscal 2014-15 to ₹54.35 lakh crore in fiscal 2022-23, according to a written response from Pankaj Chaudhary, the Union Minister of State for Finance, in the Lok Sabha. The ministry noted an upward trajectory of …

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay
1 year, 9 months ago

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay

Hindustan Times  

The Delhi government on Wednesday presented ₹78,800 crore budget estimates for the financial year 2023-24 in the legislative assembly, with focus on enhancing the national Capital’s infrastructure, sanitation, transportation facilities besides the usual focus on health and education. Delhi chief minister Arvind Kejriwal and finance minister Kailash Gahlot arrive for the budget presentation at the legislative assembly on Wednesday. The …

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings
1 year, 9 months ago

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings

The Hindu  

The Assam government on March 16 presented a ₹ 3.22 lakh crore Budget for the 2023-24 financial year, announcing funds for promoting micro-entrepreneurship and 40,000 fresh recruitments in various Departments. Presenting the Budget in the Assembly, Finance Minister Ajanta Neog said the government will invest ₹5,000 crore over the next three years to “transform” more than two lakh unemployed youths …

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion
1 year, 9 months ago

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion

Hindustan Times  

Madhya Pradesh finance minister Jagdish Deoda presented a revenue surplus budget of over ₹3.14 lakh crore on Wednesday in the state assembly ahead of the December polls. Madhya Pradesh finance minister Jagdish Deoda presented the state budget today With a special focus on women, tribals and religion, Deoda announced schemes for giving scooty and skill upgradation stipends to girl students, …

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24
1 year, 9 months ago

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24

The Hindu  

Bihar Finance Minister Vijay Kumar Choudhary on February 28, 2023 tabled over ₹2.61 lakh crore ‘revenue surplus Budget’ in the State Assembly, while putting thrust on employment, health and education sectors. “In our estimated revenue arrangement this is a revenue surplus Budget in which the State’s growth rate will be above 10%,” he told mediapersons, after presenting the Budget for …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

Budget 2023 | No separate mention of disinvestment proceeds
1 year, 10 months ago

Budget 2023 | No separate mention of disinvestment proceeds

The Hindu  

The Budget for 2023-24 has not separately mentioned the amount that the government plans to raise from disinvestment or privatisation of state-owned companies. As per the 2023-24 Budget document, the revised estimate for miscellaneous capital receipts for the current fiscal has been pegged at ₹60,000 crore, lower than the ₹65,000 crore projected in Budget estimates for 2022-23. For the next …

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
1 year, 10 months ago

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways

The Hindu  

The Union Budget has proposed a record budgetary allocation of ₹2.40 lakh crore for the Indian Railways on February 1. Overall, the government proposed to increase capital expenditure outlay by 33% to ₹10 lakh crore in 2023-24, which would be 3.3% of the GDP, said Ms. Sitharaman. With the substantial increase, it is central to government’s efforts to enhance growth …

DC Edit | Madam FM, pursue growth above all
1 year, 10 months ago

DC Edit | Madam FM, pursue growth above all

Deccan Chronicle  

The annual pre-Budget halwa has been cooked, served and eaten; and by all means looked delicious. There are three major contexts that would matter most to the maximum number of people and the country would expect that finance minister Nirmala Sitharaman backs and puts money where politically Prime Minister Narendra Modi is most committed to — increase purchasing power of …

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal
1 year, 10 months ago

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal

The Hindu  

The Finance Ministry will move ahead with the already-announced and planned privatisation of State-owned companies in the next fiscal, and the chances of the new addition to that list of CPSEs in the Budget for 2023-24 is unlikely, sources said. Nangia Andersen LLP, Partner- Government and Public Sector Advisory, Suraj Nangia said: "The privatization process often takes time, depending on …

Rise in government capital spending pushes investments up by 53%
1 year, 11 months ago

Rise in government capital spending pushes investments up by 53%

The Hindu  

A sharp 61.2% sequential rise in capital spending by the Central and State governments lifted fresh investment plans announced in the third quarter of 2022-23 to ₹7.1 lakh crore, even though private sector investments dropped 41% from ₹6.31 lakh crore in Q2 to ₹3.71 lakh crore between October and December 2022. Despite a 15.5% quarter-on-quarter decline in new investment plans …

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

Data | Poor revenues, higher spending increased debt burden of ten Indian States
2 years, 5 months ago

Data | Poor revenues, higher spending increased debt burden of ten Indian States

The Hindu  

The pandemic has worsened the fiscal positions of State governments. The revenue expenditure of many of these States constitute 80-90% of the total expenses and therefore they have poor capital spending. Within own tax revenue, States’ goods and services tax, States’ excise duties and sales tax are the major sources of revenue High revenue expenditure The share of revenue expenditure …

Andhra Pradesh government presents budget with an outlay of ₹2.56 lakh crore
2 years, 9 months ago

Andhra Pradesh government presents budget with an outlay of ₹2.56 lakh crore

The Hindu  

: Finance Minister Buggana Rajendranath Reddy on Friday presented the Budget for 2022-23 with a proposed expenditure of ₹2.56 lakh crore. Recently, the Andhra Pradesh State High Court directed the State government to construct and develop Amaravati, the capital city of the State, and the capital region within six months. With the next assembly elections just two years away, the …

Creating jobs by increasing capex
2 years, 10 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 …

India budget leans on infrastructure to spur economic growth
2 years, 10 months ago

India budget leans on infrastructure to spur economic growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian Prime Minister Narendra Modi’s …

Budget 2022: Expanding PLI schemes to small businesses will democratise Atmanirbhar Bharat
2 years, 10 months ago

Budget 2022: Expanding PLI schemes to small businesses will democratise Atmanirbhar Bharat

Firstpost  

It’s Budget time and almost everyone has high expectations of India’s finance minister. Before the previous year’s Budget, the mood was dull, with expectations revolving around government support through regulatory measures, and not much around tax cuts. What we expect from Budget 2022 Fintech • Given the stellar role played by fintech in the financial inclusion of a scale unheard …

Budget 2021: Govt Should Set Stage for Unleashing Economic Growth for Decades to Come
3 years, 10 months ago

Budget 2021: Govt Should Set Stage for Unleashing Economic Growth for Decades to Come

News 18  

The Union Budget of 2021 must look beyond revenue and expenditure estimates for the next year. In the short term, all four engines of economic growth – consumption, investments, government expenditure and exports – need to fire at full throttle. This year’s Budget provides an excellent opportunity to rid India of its credit malaise by selling the government’s equity stake …

Opinion | Crystal gazing Budget 2021-22
3 years, 11 months ago

Opinion | Crystal gazing Budget 2021-22

Live Mint  

Given the loss in national income and consequent dips in per capita income, demand generation should be the key focus for the government in the upcoming Union Budget. Given the developments in the farm sector and pledge of the government to double farmers’ income, allocations to strengthen agriculture infrastructure - especially storage infrastructure like silos and cold chain – are …

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