News Muncher - category capital expenditure

5 days, 14 hours ago

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

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 …

Capital Lok Sabha Spending Centre Effective Expenditure Fiscal Year

1 week, 2 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 Capital Businesses Capital Expenditure Industry Needs

1 week, 3 days ago

Gati Shakti empowering country: Union Minister Jyotiraditya Scindia

Live Mint

New Delhi, December 13 : Union Minister for Communications, Jyotiraditya Scindia highlighted that the introduction of the Gati Shakti scheme has revolutionized infrastructure development in the country, brought about paradigm shifts in governance and age-old frameworks across the spectrum. Over the past year, India has allocated a record ₹11.5 lakh crore towards capital expenditure, marking a significant leap in the …

India Infrastructure Gati Shakti Capital Expenditure Minister Jyotiraditya Empowering Country Empowering Country Union

Mint Explainer: Why the auto sector is not out of the woods

Live Mint

Sales of small and mid-sized cars have long served as a barometer of middle-income consumption and economic health. Passenger car sales plummeted nearly 20% year-on-year in the July-September quarter, according to data from SIAM, while utility vehicles registered a 9% growth. Commercial vehicles faced a tougher quarter, with sales dropping 11% due to reduced government capital expenditure and sluggish market …

India Growth Consumer Vehicles Auto Sales Spending

1 week, 6 days ago

‘Centre, state CPSE capex could decline in FY25’

Live Mint

New Delhi: Capital expenditure by central infrastructure ministries, central public sector enterprises and state governments is expected to slow in FY25 after rising to a five-year high of 5.87% of GDP in FY24 due to reduced spending in the first two quarters, two people familiar with the matter said. "The Centre will continue its capital expenditure push in the upcoming …

India Growth States Capital State Centre Trillion

2 weeks, 1 day ago

Sitharaman Says Economic Activity To Likely Improve In Q3, Backed By Public Expenditure

ABP News

Finance Minister Nirmala Sitharaman on Friday said that the slowdown in GDP growth in the July-September quarter was not systemic. The minister said that economic activity in the third quarter is likely to improve backed by better public expenditure. Notably, the GDP growth rate stood at 5.4 per cent in the second quarter, hitting a 7-quarter low. In the first …

India Growth Public Expenditure Cent Quarter Sitharaman Capital Expenditure

2 weeks, 3 days ago

GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman

Deccan Chronicle

New Delhi: Union finance minister Nirmala Sitharaman on Friday said that the gross domestic product or GDP slowdown in the September quarter was not ‘systemic’ and the economic activity in the third quarter, with better public expenditure, is likely to compensate for the moderation. The minister’s statement comes after the Reserve Bank of India sharply slashed its growth projection to …

India Growth Cent Quarter Sitharaman Capital Expenditure

3 weeks ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

India Report Cent Months Fiscal Expenditure Capital Expenditure

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 …

India Trillion Capital Expenditure Rupees

3 months, 3 weeks ago

GDP: How consumers saved the day as government spending slowed during polls

Live Mint

The Indian economy grew 6.65% in the first quarter of the current financial year, a notable slowdown from the 7.76% recorded in the previous quarter. For much of last year, even as GDP growth kept breaching the 8% mark, private consumption lagged at the halfway mark, raising concerns about the robustness of the growth momentum. In the June-ended quarter, however, …

India Consumption Exports Quarter Private Gdp Expenditure

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 …

States Reforms Loans Land Records Crore Trillion Capital Expenditure

4 months, 4 weeks ago

Budget 2024 creates a template for reforms in Modi 3.0

Firstpost

This year’s Budget stands out for its balanced approach, focusing on fiscal discipline, capital expenditure, regulatory simplification, job creation, and next-generation reforms, aiming to stimulate high growth and employment Budgets have long been spectacles of grand announcements and symbolic gestures. Additionally, the budget aims to enhance women’s workforce participation through infrastructure support and specialised skilling programmes, and to upgrade 1,000 …

Employment Tax Reforms Capital Job Creation Lakh Nda

4 months, 4 weeks ago

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety

The Hindu

The Ministry of Railways has received a record allocation of over ₹2.55 lakh crore in financial year 2024-25, which is a jump of 5.85% from the previous year’s ₹2.41 lakh crore, according to Union Budget documents. The total outlay provided for capital expenditure includes ₹2.52 lakh crore from general revenues, ₹200 crore from Nirbhaya Fund, ₹3,000 crore from internal resources …

Railways Crore Lakh Vaishnaw Budget 2024 Kavach Capital Expenditure

5 months ago

Punjab sees 15% jump in tax revenue despite sluggish GST

Hindustan Times

Chandigarh : The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25. The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25 The impressive increase came on the back of improved state excise, sales tax and …

Tax Revenue State Period Crore Quarter Target

5 months, 2 weeks ago

Union Budget To Prioritise Fiscal Targets, Jobs, And Inflation: Goldman Sachs

ABP News

The Union Budget for the fiscal year 2024-25 is likely to prioritise maintaining capex spending levels and adhering strictly to fiscal consolidation goals while maintaining a special focus on job creation, as per Goldman Sachs. In their note published on Monday, they caution against expecting any relaxation in fiscal consolidation measures or a shift towards increased welfare spending at the …

Job Creation Fiscal Note Goldman Sachs Capital Expenditure Union Budget

5 months, 3 weeks ago

BSNL trying to monetise land assets for capital expenditure, infrastructure upgrades

The Hindu

Bharat Sanchar Nigam Ltd. Karnataka Telecom Circle chief general manager Ujwal Gulhane on Thursday said the company is trying to monetise its excess land assets to fund capital expenditure, including infrastructure upgradation. With the earnings enough only for operational expenditure, it needed funds for capital expenditure and hence a decision was taken at the all-India level to monetise excess land, …

Karnataka Land Capital Expenditure Gulhane Bsnl Trying

5 months, 4 weeks ago

Interim budgets adversely impact economic development of Puducherry: former MP

The Hindu

Criticising the AINRC-BJP government in Puducherry for the delay in presenting a full budget, former Member of Parliament and president of Puducherry Maanila Makkal Munnetra Kazhagam M. Ramadass said the Union Territory has suffered because of the reliance of successive governments on interim budgets, leaving little space for capital expenditure which was essential for necessary growth. This budget size was …

Budget Crore Ramadass Puducherry Capital Expenditure Projected Outlay Interim Budgets

6 months, 3 weeks ago

Expenditure Incurred By Way Of Addition To Buildings, Electrical Fittings On Leasehold Premises Is Capital Expenditure: Kerala High Court

Live Law

The Kerala High Court has held that the expenditure that was incurred by the appellant/assessee by way of addition to buildings and electrical fittings on leasehold premises was in the nature of capital expenditure and not revenue expenditure.The bench of Justice Dr. A.K. According to the Assessing Authority and the First Appellate Authority, the expenditure that was incurred by the …

Nature Kerala High Court Capital Revenue Tribunal Authority Expenditure

9 months, 2 weeks ago

Tamil Nadu Finance Minister says the State Budget has not deviated from the path of fiscal consolidation

The Hindu

Amid financial constraints and ahead of the Lok Sabha elections, Tamil Nadu Finance Minister Thangam Thennarasu presented the State Budget for 2024-25. During the discussions on the Budget Estimates of 1967-68, the then Finance Minister Perarignar Anna had remarked “The lives of 3.5 crore people are determined by the 64 pages in this Budget. In this Budget Session, the Chief …

Finance Tamil Nadu Budget Funding Tamil Revenue State

9 months, 2 weeks ago

Punjab government likely to miss capex target, only 32% achieved so far

Hindustan Times

Despite a healthy growth in tax revenues and increased borrowing, the Punjab government is likely to miss its capital expenditure target going by the spending in the first ten months of the financial year 2023-24. A finance department official said that capex numbers will look much better by the end of the fiscal though they may still fall short of …

States Capital Revenue State Crore Punjab Target

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 …

Budget Maharashtra Capital Pawar State Crore Lakh

10 months ago

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn

Hindustan Times

In a scathing critique of Chief Minister Siddaramaiah's 15th budget presentation, BJP leader and Former Chief Minister Basavaraj Bommai expressed concerns over the fiscal direction of the state, asserting that "Development is not possible from Dasoha without Kayaka". Bommai also raised concerns about the government's borrowing practices, stating that despite borrowing ₹1.5 lakh crore, only ₹1,000 crore was allocated for …

Karnataka Development Budget Congress State Bjp Crore

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 …

Capital Expenditure

10 months, 1 week ago

Telangana: CAG suggests reforms, an end to indirect borrowings system

New Indian Express

HYDERABAD: The Comptroller and Auditor General recommended that the state government tread a reform path to end indirect borrowings within a set timeframe, as recommended by the Fifteenth Finance Commission. The CAG also recommended the government to fully disclose its off-budget borrowings taken through Special Purpose Vehicles/Public Sector Undertakings/Autonomous Bodies for implementation of government schemes/programmes/works in the interest of transparency. …

Market Capital End Cag Capital Expenditure Market Borrowings Borrowings

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Articles for Capital Expenditure

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

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

Gati Shakti empowering country: Union Minister Jyotiraditya Scindia

Mint Explainer: Why the auto sector is not out of the woods

‘Centre, state CPSE capex could decline in FY25’

Sitharaman Says Economic Activity To Likely Improve In Q3, Backed By Public Expenditure

GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

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

GDP: How consumers saved the day as government spending slowed during polls

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

Budget 2024 creates a template for reforms in Modi 3.0

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety

Punjab sees 15% jump in tax revenue despite sluggish GST

Union Budget To Prioritise Fiscal Targets, Jobs, And Inflation: Goldman Sachs

BSNL trying to monetise land assets for capital expenditure, infrastructure upgrades

Interim budgets adversely impact economic development of Puducherry: former MP

Expenditure Incurred By Way Of Addition To Buildings, Electrical Fittings On Leasehold Premises Is Capital Expenditure: Kerala High Court

Tamil Nadu Finance Minister says the State Budget has not deviated from the path of fiscal consolidation

Punjab government likely to miss capex target, only 32% achieved so far

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

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn

Capital expenditure revised downwards for 2023-24 - The Hindu

Telangana: CAG suggests reforms, an end to indirect borrowings system