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Wednesday, March 27, 2024
TopicCapital expenditure

Topic: capital expenditure

States spending better, with many prioritising capex. But those dependent on Centre may face stress

Capital expenditure of 23 states grew by 52% in April-September 2023 over same period last yr, but discontinuation of GST compensation, tapering of grants could weigh down some states.

Centre transfers Rs 1.18 lakh crore of taxes to states

The transfer is a part of monthly shifting of federal taxes to states, but was higher than the normal monthly devolution amount of 591.40 billion rupees, the govt said.

Capital expenditure target of Rs 7.5 lakh crore for FY23 likely to be met: Economic Survey

Finance Minister raised capex by 35.4% to continue the public investment-led recovery of the pandemic-battered economy. Last year, it stood at Rs 5.5 lakh crore.

Budget 2023: Modi govt on track on 2022 capex promises, states lag. Punjab, Bihar repeat offenders

Data shows while states had budgeted a total of a little over Rs 7 lakh cr for capital outlay, only Rs 2.58 lakh cr was spent till Nov 2022. Andhra Pradesh was at bottom among big states.

Budget 2023: India Inc wishlist includes capex focus, support for women in business & tax cuts

Ahead of the Union Budget 2023-24, ThePrint briefly takes a look at some of the key suggestions and expectations of the major industry bodies.

Stronger revenue, lagging capex — why states need to start spending more, and soon

RBI report shows states’ capital expenditure was budgeted to grow by 38.4% in FY 22-23, but actual spending registered a year-on-year growth of only 0.9% in Apr-Oct 2022.

States’ finances improving, but moving back to old pension scheme could pose future risks: RBI

States have seen stronger revenues and have been prudent with their expenditure, leading to better deficit ratios. But capex needs to increase & debt needs to reduce.

Public capital expenditure may not need to expand at same pace in coming years, says CEA

The government has planned Rs 7.5 trillion ($91.30 billion) in capital expenditure this year, the highest on record, to help crowd in private investment.

Modi govt pushes ministries to boost capex to help India get into top 3 global economies

Govt ministries & depts told to increase pace of capital spending to boost growth & help create more jobs. Push comes at a time of high retail inflation & rising global interest rates.

Modi govt achieves record capex in April-June despite economic woes but states struggle

States’ capital spending has slowed when compared to previous year. However, it's expected that Centre will provide them funds to spend on infrastructure by way of transfers.

On Camera

Sanjeev Sanyal says UPSC is poverty of aspiration. But it’s more about desperation

The most productive years of Indian youth gets wasted preparing for the UPSC. But they didn't create this system; the government did.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.