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Top Headlines: Centre's capex Q1 outlay, Fed hikes rates by 75 bps, & more

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As a percentage of full-year capex Budget Estimates (BE) of Rs 7.5 trillion, this could be at similar levels to the trends in the past few fiscal years. | Illustration: Binay Sinha

BS Web Team New Delhi
Centre's capital expenditure outlay in Q1 could be close to Rs 1.5 trillion
The Centre’s capital expenditure (capex) outlay for the April-June quarter (first quarter, or Q1) of 2022-23 (FY23) could be close to Rs 1.5 trillion, Business Standard has learnt. As a percentage of full-year capex Budget Estimates (BE) of Rs 7.5 trillion, this could be at similar levels to the trends in the past few fiscal years. Read more

Fed raises rates by 75 bps to tame inflation, flags weakening economic data
Federal Reserve officials raised interest rates by 75 basis points for the second straight month and

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