Capital expenditure Subject : Economy Section : Fiscal Policy Context : Continuing with the template of the last couple of years, the Budget is big on capital expenditure which is up by a whopping 37 per cent at ₹10­lakh crore, accounting for 3.3 per cent of GDP Concept – The central theme of the Budget 2022-23 was investment in infrastructure, and development. Sitharaman announced capital expenditure at ₹7.5-lakh crore. That’s about 2.9 per cent of GDP. Together with grant-in-aid to States, the effective capital expenditure […]

    Capital expenditure Subject :Economy Section :Fiscal Policy The Centre has raised the capital expenditure target by 35.4% on year to Rs 7.5 trillion for FY23 to continue the public investment-led economic recovery of the pandemic-battered economy. The capex last year was Rs 5.5 trillion. Details: To keep the momentum of government spending, the […]

    CAPITAL EXPENDITURE Subject: Economics Context:  To support the economy battered by sporadic state specific lockdowns, the government is currently focussed on effective implementation of the Budget proposals as they have a lot stimulus already built into them, two senior government officials said. Concept: While the Central government has announced steps to ease imports […]

Subject: Economics Context : The Centre must mount an aggressive programme of capital expenditure to the tune of about 2 per cent of GDP to pull the economy, top economist and public policy thinker C. Rangarajan, said. Concept : Capital expenditures Capital expenditures are the ones that create some liability/asset for the government. These include […]