There is much to commend in the Budget, especially the substantial increase in capital expenditure
Street is bearish on exporters while there is a mixed opinion on the consumption basket
Budget 2023: PAN cards will be used as a common identifier for all government schemes, the FM said in her Budget speech
Capital expenditure has started pushing private investment and the Budget target of Rs 7.5 trn for the current financial year is likely to be met, the Economic Survey 2022-23 said
Budget to focus on rural India, capex, and manufacturing push, as well as prioritising macro stability
Of the many things to watch in the Budget, three things-growth, fiscal deficit and stance on trade-will receive special attention from analysts. Getting the tone right will be crucial
Due to crucial state elections in 2022 and 2023, many state administrations chose to focus on scheme and subsidy spending
Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
Petroleum CPSEs and National Highways Authority of India (NHAI) have so far driven the capex among CPSEs
Its importance is seen in its ability to hugely influence the nation's economy, as it reflects aggregate demand in addition to household consumption, business investment, and net exports
Its importance is seen in its ability to hugely influence the nation's economy, as it reflects aggregate demand in addition to household consumption, business investment, and net exports
'Can't let our guard down on inflation'
Economic uncertainty may delay private investment
CPSEs are likely to achieve their target as they tend to rush up their spending in March quarter
Capital expenditure of 18 states has risen just 2.2 per cent in the first half of the current fiscal even as their combined revenue deficit has narrowed to more than one-fourth from the year-ago
Nearly Rs 90,000 crore worth of capital expenditure has been incurred so far on various asset acquisitions and projects, with a major investment of about Rs 42,000 crore
Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."
Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year
During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full year target