LCP Image

Back to TSCFM News

Centre to boost capex to accelerate economic growth

January 31, 2022

Centre to boost capex to accelerate economic growth

The Union Budget for FY23 may propose increased government spending on infrastructure and other development sectors in a continuation of efforts to reverse the impact of the pandemic on economic activity.

According to a person in on to the development, capital expenditure estimates for FY23 may increase between 10-20% over the previous year, with the large chunk of money going into the development of social and physical infrastructure.

FM Nirmala Sitharaman increased capital expenditure by a record 26% to ₹5.54 lakh cr in FY22 when compared with revised estimates of ₹4.39 trillion in covid hit financial year 2021.

A 20% rise in capital expenditure over FY22 will take the figure to over ₹6.6 lakh cr, almost double the pre-pandemic budgeted capital expenditure of ₹3.4 lakh cr in FY20. The total capital expenditure from the budget stood at ₹3.16 lakh cr in the financial year 2021.

Government spending had shifted toward capital expenditure for the past few years as such expenditure helps push growth and jobs, and has a multiplier effect on the economy.

Along with the rise in capital expenditure, social sector spending is also expected to be a priority.

Important Links:

Post Graduate Diploma in Management (PGDM): https://tscfm.org/courses/3-in-1-management-program/
MBA from UK University: https://tscfm.org/courses/mba-from-uk-university/
4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://tscfm.org/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/

Tags:

BusinessDevelopmenteconomic growthManagementUnion Budget

Google to invest $1bn in Bharti Airtel

India’s Bad Bank gets RBI nod

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

About TSCFM

TSCFM is a brand of SMART Institute Pvt. Ltd., which is a part of The Shahani Group of Institutions. We are the only B-school in Mumbai to bring the best of international management education to India. We are ranked No. 3 among colleges offering Global Business Courses in India by Outlook.

Quick Links:

Quick Links

Call us on:

Email:

info@shahanigroup.com

Social Media:

Consult a Career Advisor

Name*

Email Address*

Contact Number*

Select Qualification*

Course*

Nearest Centre*

Residing City*

Your Message

REQUEST A CALLBACK

Kindly Fill up the details to receive a call from our Career expert

Name*

Email Address*

Contact Number*

Select Qualification*

Course*

Nearest Centre*

Residing City*

Your Message

 array(8) 
[
    "obj_type"   => string(6) "module"
    "obj_id"     => string(43) "module:m_root_request-callback-popup:vUsSyk"
    "slug"       => string(22) "request-callback-popup"
    "hash"       => string(29) "m_root_request-callback-popup"
    "title"      => string(22) "request-callback-popup"
    "collection" =>  array(1) 
        [
            "post_type" => string(6) "m_root"
        ]
    "post_type"  => string(6) "m_root"
    "templates"  =>  array(1) 
        [
            "main" =>  array(2) 
                [
                    "code" => string(5504) "
	
  [css.style]
    a.request-callback {
      position: fixed;
      z-index: 999999999;
      left: ~"calc(100% - 37px)";
      top: 50%;
      color: #fff;
      transform: rotate(-90deg) translateX(-50%);
      transform-origin: 0% 0%;
      white-space: nowrap;
      border-radius: 10px 10px 0 0;
      font-size: 16px;
      box-shadow: 0px -3px 8px rgba(0, 0, 0, 0.16);
      &:hover{
          padding-bottom: 15px;
          left: ~"calc(100% - 47px)";
      }
    }
    .request-callback-popup {
        display: none;
        position: fixed;
        left: 0;
        top: 0;
        width: 100%;
        height: 100%;
        z-index: 9999999999;
        overflow-y: auto;
        background-color: rgba(0,0,0,0.6);
        @media only screen and (min-width: 576px) {
            .container {
                max-width: 540px;
            }
        }
        @media only screen and (min-width: 768px) {
            .container {
                max-width: 720px;
            }
        }
        @media only screen and (min-width: 992px) {
            .container {
                max-width: 960px;
            }
        }
        @media only screen and (min-width: 1200px) {
            .container {
                max-width: 1140px;
            }
        }
        @media only screen and (max-width: 767px) {
            .pad-x-8 {
                padding-left: 25px;
                padding-right: 25px;
            }
        }
        .btn{
            white-space: normal;
            img{
                 width: 22px;
            }
        }
        .close-request-callback-popup{
            position: absolute;
            right: 15px;
            top: 0;
            cursor: pointer;
            &:hover{
                color: @brand-secondary;
            }
        }
        .btn.btn-sm {
            font-size: 13px;
            padding: 7px 20px;
            min-height: auto;
        }
        p{
            margin-bottom: 5px;
        }
        .popup-content{
            &.popup-open{
                  animation: slide-in-elliptic-right-fwd 0.7s ease-in-out both;
            }
            &.popup-closed {
                  animation: slide-out-elliptic-right-bck 0.5s ease-in both;
            }
        }
    }

    @keyframes slide-in-elliptic-right-fwd {
      0% {
        -webkit-transform: translateX(2100px) rotateY(-30deg) scale(0);
                transform: translateX(2100px) rotateY(-30deg) scale(0);
        -webkit-transform-origin: -100% 50%;
                transform-origin: -100% 50%;
        opacity: 0;
      }
      100% {
        -webkit-transform: translateX(0) rotateY(0) scale(1);
                transform: translateX(0) rotateY(0) scale(1);
        -webkit-transform-origin: -1800px 50%;
                transform-origin: -1800px 50%;
        opacity: 1;
      }
    }

    @keyframes slide-out-elliptic-right-bck {
      0% {
        -webkit-transform: translateX(0) rotateY(0) scale(1);
                transform: translateX(0) rotateY(0) scale(1);
        -webkit-transform-origin: -1800px 50%;
                transform-origin: -1800px 50%;
        opacity: 1;
      }
      100% {
        -webkit-transform: translateX(2100px) rotateY(-30deg) scale(0);
                transform: translateX(2100px) rotateY(-30deg) scale(0);
        -webkit-transform-origin: -100% 50%;
                transform-origin: -100% 50%;
        opacity: 1;
      }
    }
    .modified-tag{
      color: #000000;
      margin-bottom:revert !important;
    }
  [/css.style]
  
	<a href="#" class="brand-secondary-bg pad-1 pad-x-5 request-callback">REQUEST A CALLBACK</a>
  <div class="request-callback-popup">
      <div class="container">
          <div class="gap-6"></div>
          <div class="row justify-content-center">
              <div class="col-md-8 popup-content popup-closed">
              	<div class="brand-white-bg pad-6">
                  <i class="close-request-callback-popup font-bold font-size-large icon-close pad-x-1"></i>
                  
                  <p class="font-bold mar-b-5 font-size-big modified-tag">Kindly Fill up the details to receive a call from our Career expert</p>
                  [if.empty module.campaign_course]
                  	[form.popup-from.enquiry_form /]
                  [/if.empty]
                  [if.not_empty module.campaign_course]
                  	[form.popup-from.campaign_enquiry_form course="{module.campaign_course}" /]
                  [/if.not_empty]
                </div>
                <div class="is-none">[aw2.get module dump="true" /]</div>
              </div>
          </div>
          <div class="gap-6"></div>
      </div>
  </div>
  <script type="spa/axn" axn="core.run_script">
    $(".request-callback").click(function(e){
        e.preventDefault();
        $(this).fadeOut();
        $(".request-callback-popup").fadeIn("fast");
        $("html").css("overflow-y","hidden");
        $(".request-callback-popup .popup-content").removeClass("popup-closed").addClass("popup-open");
    });

    $(".close-request-callback-popup").click(function(){
        $(".request-callback-popup .popup-content").removeClass("popup-open").addClass("popup-closed");
       	setTimeout(function(){
          	$(".request-callback-popup").fadeOut(200);
        		$(".request-callback").fadeIn(200);
            $("html").css("overflow-y","auto");
        },500);
        setTimeout(function(){
            $("html").css("overflow-y","auto");
        },1000);

    });
  </script>
"
                    "name" => string(4) "main"
                ]
        ]
]

Chat on WhatsApp