Chennai, July 21 (IANS) The Tamil Nadu government will present its first full financial road map since the change of regime when Finance Minister N. Marie Wilson tables the revised Budget for the 2026-27 financial year in the State Assembly on August 5. The announcement was made on Tuesday by Assembly Speaker J.C.D. Prabhakar. According to the Speaker, the Budget will be presented at 10 a.m. on August 5, while the Agriculture Budget will be introduced a day later, on August 6, by Agriculture Min…
Latest Capital Expenditure News & Updates
New Delhi, July 2 (IANS) The latest economic indicators released by the Union government continue to underline the resilience of the Indian economy despite global uncertainties. Strong GDP growth, expanding manufacturing and services activity, record vehicle sales, healthy GST collections and resilient exports indicate that domestic demand and investment remain robust.India’s economy grew by 7.7 per cent in FY 2025-26, reaffirming its position as the world’s fastest-growing major economy.Growth …
New Delhi, June 30 (IANS) India’s fiscal deficit stood at Rs 1.624 lakh crore in April-May of financial year 2026-27, which accounts for 9.6 per cent of the full-year target, data released by the Controller General of Accounts (CGA) showed on Tuesday.The government has fixed a fiscal deficit target of Rs 16.96 lakh crore for the full financial year (FY27), which shows that the figures for the first two months reflect a strong fiscal position with the country on track to meet the target set in …
New Delhi, June 1 (IANS) India has succeeded in restricting its fiscal deficit to the 4.4 per cent of GDP target fixed for the financial year 2025-26, reflecting the robust state of government finances at the end of the year, official data released on Monday showed. The fiscal deficit, which shows the difference between government revenue and expenditure, stood at Rs 15.19 lakh crore in FY26.Data released by the Controller General of Accounts (CGA) showed revenue collections remained strong duri…
New Delhi, May 22 (IANS) India’s capital goods industry is projected to see a revenue growth of 12-14 per cent this fiscal, buoyed by sustained government spending, steady capacity expansion in power, mining, oil and gas, metal and auto-linked sectors, and increasing opportunities from emerging segments such as data centres and electric vehicle (EV) infrastructure, a report showed on Friday.The ongoing developments in West Asia are unlikely to materially impact growth as diversified order book…
Mumbai, May 15 (IANS) Securities and Exchange Board of India (SEBI) on Friday relaxed borrowing norms for Infrastructure Investment Trusts (InvITs) with leverage exceeding 49 per cent of asset value, a move aimed at expanding financing flexibility for infrastructure projects and improving funding access across the sector.In a circular, the market regulator said InvITs will now be allowed to raise fresh borrowings above the 49 per cent leverage threshold for capital expenditure intended to enhanc…
New Delhi, May 13 (IANS) Leading global brokerage Morgan Stanley has projected India’s GDP growth to be healthy at 6.8 per cent for 2026, supported by strong domestic demand, government-led capital expenditure and improving industrial activity across Asia.Moreover, the brokerage in its latest outlook noted that the nation is likely to benefit from Asia’s emerging industrial and capital expenditure super-cycle, with domestic demand momentum remaining resilient despite global macroeconomic and…
New Delhi, May 7 (IANS) India’s enterprises are seeing a significant technology spending surge, with IT spending expected to grow up to 8 per cent in 2026, with AI and data transformation expected to drive 40–45 per cent of change-related tech expenditure, a report said on Thursday.The report by Bain & Company said India’s IT spending growth is expected to outpace the 4-6 per cent increase projected for global peers.Spending has accelerated over the past 12–18 months and the trend is e…
New Delhi, May 2 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra said that India’s macroeconomic fundamentals remain robust despite geopolitical tensions and flagged risks from high public debt in major economies.The RBI Governor warned that continued fiscal expansion abroad, together with rising defence spending amid geopolitical tensions, could strain global fiscal sustainability.He cautioned that stretched valuations in some asset classes, especially in the technology sector…
New Delhi, April 20 (IANS) Indian states will continue to prioritise public investment, with a slight moderation in capital‑expenditure growth to around 8–10 per cent in FY27, a report said on Monday.This would translate into a capex of about 2.3 per cent–2.4 per cent of Gross State Domestic Product (GSDP), supported by interest-free loans from the Centre, the report from CareEdge Ratings said.The report cited rising revenue‑expenditure commitments and moderation in revenue growth leadin…