Page 9 - Latest Updates on Capital Expenditure
State-run oil firms spend 40% of capital expenditure target by October
Fail to meet govt directive to spend 50%, but experts say trend encouraging
 "State-run oil firms spend 40% of capital expenditure target by October")
JSW Cement arm plans Rs 1,500-crore capital expenditure in Odisha
Once commissioned, the proposed clinker unit will service JSW Cement's manufacturing facilities across East India and is expected to create around 500 direct and indirect jobs
 "JSW Cement arm plans Rs 1,500-crore capital expenditure in Odisha")
Apollo Tyres lines up capital expenditure of Rs 2,600 cr for FY21, FY22
The company said that the demand is good and it is bullish about Q3 & Q4
 "Apollo Tyres lines up capital expenditure of Rs 2,600 cr for FY21, FY22")
Savings, profits, stocks can't stay high for long amid low income and interest rates
Things that cannot go on forever will not go on forever. There will be a change in the direction of the wind. One must hope it will be slow and calibrated, writes T N Ninan
Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction
The government is hoping that the green shoots visible in high-frequency data will further translate into a GDP uplift. And the latest measures - pragmatic and specific - will aid that
 "Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction")
States' capital expenditure cut to cause GDP fall, estimates ICRA
While ICRA estimates an 11 per cent contraction in the overall GDP in FY21, it expects the contraction to narrow to 5-7 per cent in the Q3 and 1-2 per cent in Q4
 "States' capital expenditure cut to cause GDP fall, estimates ICRA")
Covid-19 impact: Govt capital expenditure declines 41% in September
Result of labour unavailability and high base, say experts
 "Covid-19 impact: Govt capital expenditure declines 41% in September")
Stimulus 2.0: Govt measures too little too late; may not move the needle
Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale
 "Stimulus 2.0: Govt measures too little too late; may not move the needle")
Fiscally restrained govt tries new formula to boost festive consumer spend
The government will also give interest-free 50-year loans to the States for capital expenditure of Rs 12,000 crore
 "Fiscally restrained govt tries new formula to boost festive consumer spend")
Higher capital expenditure could help states deal with projects: Experts
The central allocation of Rs 25,000 crore, in addition to Rs 4.13 trillion given in the Union Budget, would be provided to states for capital expenditure
Railways achieves 31% of targeted capex in five months despite Covid-19
During the time of lockdown, the Railways increased the pace of infrastructure works, completing almost 200 projects that needed a traffic blockade
 "Railways achieves 31% of targeted capex in five months despite Covid-19")
After 40% rise in Q1, capital expenditure dropped in July, shows data
Analysts say there is need to wait to gauge govt's plans
Centre has walked the talk on capex, shows official data
Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end
Severe shock to consumption, economy will take longer to recover: RBI
"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank
 "Severe shock to consumption, economy will take longer to recover: RBI")
State-run oil and gas firms set to invest Rs 1.62 trillion this year
At present, the sector is seeing work on 8,363 projects with an anticipated cost of Rs 5.88 trillion.
 "State-run oil and gas firms set to invest Rs 1.62 trillion this year")
FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1
This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic
 "FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1")
Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept
She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said
Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis
In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas
 "Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis")
TVS Motor plans Rs 300-crore capital expenditure amid Covid-19 pandemic
The company said it was planning to commercialise some of the intellectual properties (IPs) to be built by start-ups through the company's Singapore subsidiary.
 "TVS Motor plans Rs 300-crore capital expenditure amid Covid-19 pandemic")
Sitharaman reviews capex of seven CPSEs under three key ministries
Combined capital expenditure of the seven PSUs for FY21 is Rs 24,663 crore, down from Rs 25,974 crore last year
 "Sitharaman reviews capex of seven CPSEs under three key ministries")
