TAG: capex
Capex intensity of corporates likely to increase after Lok Sabha polls: India Ratings
The companies are likely to speed up their capex plans after the Lok Sabha results come in as they will analyse their growth drivers, assuming the commodity prices will remain controlled, India Ratings said on Monday.“Various companies are evaluating thei...
6 months ago
Domestic consumption demand, Govt capex lent support to India Inc's credit profile: ICRA
Rating agency ICRA on Monday said domestic consumption demand, government's infrastructure spending and healthy balance sheets lent support to India Inc's credit profile in the 2023-24 fiscal, even though rise in borrowing cost, sluggish exports and certa...
6 months ago
Centre debates merging ministries to form an Infrastructure Ministry, no firm proposal yet: CNBC-TV18
The government has discussed a possible consolidation of key ministries at a Viksit Bharat meeting, CNBC-TV18 reported citing sources.One idea that has been discussed involves creating a dedicated infrastructure ministry by merging Railways, Roads & H...
5 months ago
In 8 charts: Govt's interest cost share in GDP beats capex outlay share in FY24; what's driving this surge?
Interest payments have been rising steadily since the pandemic and stands at 3.6 percent of India's gross domestic product (GDP) in FY24, which reduces the fiscal flexibility the government has, according to a Crisil Quickonomics report.The share of inter...
2 months ago
India’s digital infrastructure differentiates it from many of its emerging market peers: Moody’s
India’s infrastructure push will continue to support growth and create further employment opportunities in the economy, Moody’s Ratings said in a report on August 27, while lauding the government's efforts on digital infrastructure creation.“The fast adva...
1 month ago
India’s GDP growth slows down to a 5-quarter low of 6.7% in Q1FY25
India’s growth fell to a five-quarter low of 6.7 percent in the first quarter of the year, compared with 7.8 percent in the previous quarter, according to data released by the government on August 30.The growth was much more subdued compared with the 8.2...
1 month ago
Fiscal deficit at 17.2% of FY25 estimate as of July
Fiscal deficit narrowed to 17.2 percent of the full year estimate in the first four months of the year, compared with 33.9 percent during similar period in the previous year, government data released on August 30 showed.Capex utilisation remained lower at...
1 month ago
Despite fall India's GDP shows promising signs: Here's what's changed in Q1 in seven charts
India's GDP growth slowed down to a five quarter low of 6.7 percent in the first quarter, but there were many positives which brighten the prospects of further growth. Even as government consumption contracted due to election related activity and agricult...
1 month ago
Set quarterly capex targets, make up for Q1 and Q2 in Q3 itself: FM Sitharaman
Government ministries should follow setting quarterly targets on capital expenditure and ensure that they are achieved within a stipulated timeframe, Finance Minister Nirmala Sitharaman said on September 3.The minister chaired a meeting to review the cape...
1 month ago
Finmin relaxes norms for expenditure exceeding Rs 500 cr to quicken capex
The finance ministry has relaxed norms for expenditure exceeding Rs 500 crore to accelerate capex (capital expenditure) that is pegged at Rs 11.11 lakh crore for the current fiscal.This will give a push to government spending which suffered a slowdown for...
1 month ago
Capex survey to capture data from companies comprising 80% of the output of sector: MoSPI secretary
Capex survey will be a web-based survey, which will capture data from companies which comprise 80 percent of the output sectors, said Saurabh Garg, secretary, Ministry of Statistics and Programme Implementation on September 26.“We have a majority of secto...
2 weeks ago
Capex spending of formal manufacturing firms surpassed pre-Covid level in FY23, employment growth at 11-year high
Employment in the formal manufacturing sector rose at the fastest pace in 11 years in 2022-23, as capital spending by firms rebounded beyond pre-Covid levels, according to a Moneycontrol analysis of Annual Survey of Industries data released on September 3...
2 weeks ago
Andhra Pradesh leads capex surge among states in FY24, records staggering 1,590% growth
In the capital expenditure (capex) trends for financial year FY24, Andhra Pradesh (AP) has emerged as the top-performing state, registering an unprecedented 1,590 per cent growth in capital expenditure. The state's capex soared from Rs 1,138 crore in FY23...
2 weeks ago
Capex loan disbursements face election-related delay in September quarter
The Centre’s capex loan disbursements to states, aimed at boosting capital spending, lost momentum in the September quarter, with Rs 40,000 crore disbursed in the first half of FY25 and sanctions reaching Rs 70,000 crore, short of the Rs 1.5 lakh crore an...
1 week ago