capital expenditure

Govt expenditure on big infra projects to drive growth in 2025-26: report

The Centre’s capital expenditure on big-ticket infrastructure projects such as highways, railways, power development, and investments in critical sectors like defence is expected to propel India’s economic growth in the financial year 2025-26 and beyond, according to a report by financial services firm Prabhudas Lilladher (PL). “We are already witnessing an uptick in momentum in railways, defence, power, data centres, etc., the execution of which will accelerate growth in FY26 and beyond,...

June 11, 2024 9:12 AM

Centre releases over Rs 1.39 lakh crore in tax devolution to support state finances & development

The Centre has announced the release of a significant installment of one crore thirty-nine thousand 750 crore rupees in tax devolution to states. The Finance Ministry said yesterday that the release, which includes both the regular allocation for June and an additional installment, is aimed at bolstering state government capacity to accelerate development and capital expenditure. It further said that as of today, the total amount devolved to states for the fiscal year 2024-25 stands at t...