Big push for capex: Finance Minister Nirmala Sitharaman eases norms for expenditure over Rs 500 cr

Sep 05, 2024, at 05:39 am

New Delhi: The finance ministry has eased rules for expenditures exceeding Rs 500 crore to speed up capital expenditure, which is set at Rs 11.11 lakh crore for the current fiscal year, News agency PTI reported.

Centre used Rs 9,48,506 cr in Capex in FY24

Jun 01, 2024, at 04:57 am

New Delhi: The Centre utilized Rs 9,48,506 crore for capital expenditure in FY24, nearly matching the revised estimate (RE) of Rs 9,49,555 crore, accounting for 99.9 percent of the RE, according to government data released on Friday.

Interim Budget 2024-25: Govt raises Capex allocation to Rs 11.1 lakh cr

Feb 01, 2024, at 11:51 pm

New Delhi: Finance Minister Nirmal Sitharaman announced an allocation of Rs 11.1 lakh crore as capital expenditure for the next fiscal year in the Interim Budget FY-25, emphasising the continuation of India’s focus on infrastructure development.

Moody's improves India's 2023 growth projection to 5.5% on higher capex allocation in Budget

Mar 02, 2023, at 05:20 pm

New Delhi/IBNS: Moody's Investors Service, on Wednesday, increased its prediction for India's economic growth in 2023 from 4.8% to 5.5%.