Monday, 5 December, 2022
TopicCapital expenditure

Topic: capital expenditure

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.

Why Modi govt is betting on the construction sector to rebuild economy & create jobs

The big capex push will not only create productive assets, but also more jobs. This, in turn, will create sustainable demand as well as crowd in private investment and push growth.

Budget has many things for the common man. Look closely, they are coming

It is only a matter of time before the strong emphasis on capital expenditure will crowd in private investment.

Digital India is Modi govt’s priority. Budget gives it a push — from manufacturing to infra

The FY23 fiscal policy appears to be guided by the objective of sustaining economic growth momentum while also being committed to gradual fiscal consolidation.

FM Sitharaman has made a prudent choice in pushing capex instead of demand stimulus

The Modi government has given a boost to capital expenditure and announced several infra projects to pump-prime private investment and economic recovery.

No populism, no tax cuts, only capex & focus on infrastructure, growth in Modi govt’s Budget

The government will spend a total of Rs 39.45 lakh crore in FY23, a rise of 4.6% from the revised spending target of 2021-22 at Rs 37.7 lakh crore.

Increase capital spending, Centre tells states, Sitharaman to meet state FMs next week

Efforts to ensure that states increase capital spending also come at a time when spending by the private sector has continued to be slow.

Cash-strapped states threaten India’s double-digit growth goal

The nation’s 28 states, which account for about 60% of total govt expenditure on infrastructure & asset creation, are hamstrung by declining tax revenue & cost of fighting Covid.

Many good things in Budget 2021. But wait for Modi govt to show its will, capability

Unless the Modi govt comes up with some out-of-the-box solution, the demand for recapitalisation could derail its fiscal plans for the year.

On Camera

YourTurn

Megha Thakur was no run-of-the-mill pretty face, but an influencer who touched many lives

21-yr-old Indian-Canadian Instagram star and TikTok celebrity Megha Thakur, who died this week, subverted the expectations of a content creator by opening up her mind and heart.
Representational Image.| Pixabay

Rupee to hover near weaker side of 81/dollar, bond yields await RBI’s monetary policy decision

The rupee ended last week at 81.3175 per dollar but underperformed its Asian peers due to strong demand for the greenback from corporates.

Defence

Russian President Vladimir Putin with Chinese President Xi Jinping. (Photo Credit - Reuters)

In western arms sanctions on Russia, China’s arms industry could stand to gain

The arms export embargoes on Moscow could create an opportunity for Beijing to supply arms to countries like Myanmar, which are heavily dependent on Russian arms.
Illustration: Soham Sen | ThePrint

Gujarat election is anything but dull. BJP’s political neurosis about AAP is the hidden headline

Gujarat is the only state where Modi is directly in contention. Even if he wins, the team that runs him closest has much to gain.