FY25 Capex target for CPSEs may rise by 12-13%

Nirmala Sitharaman's 'no big bang' budget holds back expected welfare spending and sops for voters. The enigmatic numbers 1111111 and 11.11 are related to capital expenditure. Sitharaman proposes to raise the capital expenditure target by 11.11% to Rs. 11.11 lakh crore for the next fiscal year. The hike in the interim budget is significant but not as dramatic as in previous budgets.

New Delhi [India], December 20 (ANI): Capital expenditure by central public sector enterprises are on track to meet its target for the year 2023-24, the Ministry of Finance said on Wednesday. During April-September, the first half of the fiscal year, 52 per cent of the Budgeted target has been achieved with a spending of 3.79 […]

The capital expenditure by central public sector enterprises has already crossed 52% of their budget expenditure for the current financial year.

Sources say the change in strategy this fiscal is in view of the approaching elections and the need to maintain the growth momentum

New Delhi, Sep 25 (PTI) State Bank of India (SBI) is aiming to become the first Indian financial firm to cross a milestone of Rs 1 lakh crore net profit in the next 3-5 years, chairman of the country’s largest lender C S Setty has said. SBI recorded a standalone net profit of Rs 61,077 […]

The Rail and Roads Ministries have led public expenditure during April and May, spending 23% of the fund allocated to them for 2022-2023, a total of over INR 1,14,000 crore against just under INR 5 lakh crore. Indian Railways spent over INR 55,000 crore as capital expenditure during the first two months, while the Ministry of Road Transport and Highways managed to spend INR 59,000 crore against an allocation of almost INR 2.6 lakh crore.

Coal India Ltds capital expenditure rose by 7.6% on year in the eight months of the ongoing financial year to Rs 10,492 Crores. The target of the company for the fiscal is Rs 16,500 crore. Capex on acquisition of land and related rehabilitation followed at Rs 2,486 crore accounting for almost a quarter of the expenditure during the period.

India's fiscal deficit for April-February of FY24 reached Rs 15.01 lakh crore, constituting 86.5% of the annual target. This figure compares to Rs 14.53 lakh crore during the same period last year

The central government contained its fiscal deficit in the 2023-24 financial year at 63.6% of the revised target despite a moderation in nominal GDP growth. The deficit dropped 7.3% from a year ago period to ₹11.03 lakh crore. Revenue spending moderated while capital spending remained lower than the revised target.

The Indian central government's fiscal deficit reached 50.7% of the annual target in the first eight months of this fiscal year, compared to 58.9% a year before. The deficit dropped below the level a year earlier, reaching ₹9.07 lakh crore between April and November. The fiscal gap narrowed to ₹1.03 lakh crore in November, thanks to lower tax devolution to states, a contraction in revenue spending, and only a marginal increase in capital expenditure.