Articles for tag: Capital, electionconstrained, excel, Expenditure, GDP, Growth, Influencing, Key, ministries, Quarter, slowed, Struggles, Telecom

Market News

Amid slowed capital expenditure, key ministries excel while telecom struggles, influencing GDP growth during an election-constrained quarter.

Amid slowed capital expenditure, key ministries excel while telecom struggles, influencing GDP growth during an election-constrained quarter.

During the April to July period, the growth of central government capital expenditure (capex) was sluggish, with an overall spending of only 24%. However, several ministries excelled, notably housing, roads, railways, health, and atomic energy, which all exceeded average spending rates. In contrast, the Department of Telecommunications spent just 1%, a significant drop from the ...

Market News

India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth

India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth

The Finance Ministry has announced relaxed spending norms for capital expenditures over Rs 500 crore, aiming to boost this fiscal year’s capital expenditure, which is set at an ambitious Rs 11.11 trillion. This decision comes as government spending slowed down during the recent general elections. Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital ...

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