Capital Expenditure

Capital Expenditure News

States' capex soars 36% in FY23, fiscal deficit at Rs 8.4 lakh crore, finds ICRA report
Business

States' capex soars 36% in FY23, fiscal deficit at Rs 8.4 lakh crore, finds ICRA report

According to the agency, 26 large states, excluding Assam, are on course to spend Rs 6.8 lakh crore or 35.8 per cent more this fiscal in capital expenditure over FY22 when it stood at Rs 5 lakh crore

A nudge and a multiplier effect: Why Nirmala Sitharaman has budgeted for capital expenditure
Business

A nudge and a multiplier effect: Why Nirmala Sitharaman has budgeted for capital expenditure

Capex has a multiplier effect on core industries and finally nudges private sector capital expenditure. When both engines of the economy work, sustained growth begins

Union Budget 2022: Important terms you may find handy ahead of Nirmala Sitharaman's speech
Business

Union Budget 2022: Important terms you may find handy ahead of Nirmala Sitharaman's speech

Ahead of Finance Minister Nirmala Sitharaman presenting the Union Budget for the year 2022-2023, we try to simplify it for you

Army, IAF struggle to exhaust Capital Budget for 2021-22; Defence minister asks to expedite spending
India

Army, IAF struggle to exhaust Capital Budget for 2021-22; Defence minister asks to expedite spending

Union Budget 2022: The low spending of the defence budget comes as an aberration because the services are learnt to have projected the requirement for capital budgets way higher than they were allocated in 2021-22

Budget 2022: Find out how the financial statement is set to affect the market and economy
Business

Budget 2022: Find out how the financial statement is set to affect the market and economy

With COVID-19 pandemic still wreaking havoc across the globe, market players would want the Centre to take steps to generate demand and revive the economy

Union budget 2021: Fiscal deficit, tax revenue, capital expenditure and other key numbers to be watched
Business

Union budget 2021: Fiscal deficit, tax revenue, capital expenditure and other key numbers to be watched

Budget 2021 is widely expected to be an ‘economic vaccine’ after the brunt borne in the wake of the coronavirus pandemic

Union Budget 2021: Scope for tax concession very limited, Centre may inject stimulus through capex, says expert
Business

Union Budget 2021: Scope for tax concession very limited, Centre may inject stimulus through capex, says expert

The expert said the fiscal deficit in the current fiscal is likely to be between 6.5-7 percent, adding that the government could relax the target but should keep a close eye on debt-GDP ratio projection

V-Guard Q4 profit drops 47% to Rs 32 cr due to COVID-19 lockdown; says business to bounce back in coming months
Business

V-Guard Q4 profit drops 47% to Rs 32 cr due to COVID-19 lockdown; says business to bounce back in coming months

V-Guard's net net revenue from operations for the quarter was Rs 541 crore, declining by 27 percent over the corresponding period of the previous year (Rs 746 crore).

Recovery in economy has to be led by private investments; government spending cannot work alone
Business

Recovery in economy has to be led by private investments; government spending cannot work alone

Capex injects funds directly into the spending stream and is hence superior to even direct cash transfers where the action of the beneficiary can never be guessed accurately

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro
Business

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro

China’s interest in India’s automobile sector could be tactical, getting a foot in the door because an opportunity presented itself.

Nirmala Sitharaman’s Budget is high on ambition but low on details; how will the big numbers be achieved?
Business

Nirmala Sitharaman’s Budget is high on ambition but low on details; how will the big numbers be achieved?

Echoing Prime Minister Narendra Modi, Sitharaman said in her Budget speech that India would be a $5-trillion economy in 5 years.

Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic
Business

Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic

Nirmala Sitharaman is promising to keep the fiscal deficit at 3.3% of GDP, lower than the 3.4% projected in the interim Budget presented by Piyush Goyal

Specialty chemical companies capex to jump 70% by 2020 on healthy domestic demand, improving operating rates: Report
Business

Specialty chemical companies capex to jump 70% by 2020 on healthy domestic demand, improving operating rates: Report

The capital expenditure of specialty chemical manufacturers stood at Rs 7,500 crore in fiscals 2017 and 2018, rating agency Crisil said in a note.

CONCOR to invest up to Rs 8,000 cr in next 5 years to develop dry ports, distribution logistic centres
Business

CONCOR to invest up to Rs 8,000 cr in next 5 years to develop dry ports, distribution logistic centres

CONCOR inaugurated its first distribution logistics centre at Ennore, Chennai, in Tamil Nadu in March.

Ola to invest $100 mn in scooter-sharing platform Vogo; fund to be used for network expansion
Business

Ola to invest $100 mn in scooter-sharing platform Vogo; fund to be used for network expansion

Vogo is a point-to-point dockless scooter-sharing company, present in Bengaluru and Hyderabad and has served over one lakh users.

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans
Business

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans

Smartphones, the most visible symbol of "Digital India's" ambitious expansion, are increasingly Chinese.

Reliance permanently shuts down oil field in KG-D6 block after production declines to nil
Business

Reliance permanently shuts down oil field in KG-D6 block after production declines to nil

Reliance Industries (RIL) had till date made 19 oil and gas discoveries in the Krishna Godavari basin

Economy seems set on recovery path; but dangers lurk, the biggest being election eve populism
Business

Economy seems set on recovery path; but dangers lurk, the biggest being election eve populism

There’s no denying that economic growth under the Modi government has been subdued but stable. The year ahead will determine whether it will maintain this or endanger it for political gains.

ITAT rules in favour of Flipkart; I-T Department to refund Rs 55 cr tax collected with interest
Business

ITAT rules in favour of Flipkart; I-T Department to refund Rs 55 cr tax collected with interest

The tax department while raising the demand had treated the Rs 796 crore loss incurred by Flipkart for the assessment year 2015-16 as capital expenditure.

Budget 2018: A blast from the past; full focus on a busy election calendar
Business

Budget 2018: A blast from the past; full focus on a busy election calendar

As per nominal GDP data, nominal agriculture GDP has declined in just three years, FY16, FY03 and now.