Departments such as telecom, defence, railways, and highways have experienced lower capital expenditure with telecom spending just 6% of its annual allocation. Total government capex during April-Nov fell to 49% from 59% last year. The slow spending is attributed to milestones tied to funding and recent elections impacting the first quarter.
Related Posts
At Rs 85,5oo crore, PSU banks log highest ever half-year profit
Indian public sector banks witnessed a surge in profitability during the September quarter, posting a combined net profit of Rs 45,545 crore, marking a 35.4% […]
New Indian Railways lines: PM Modi-led Cabinet approves new rail projects in Andhra Pradesh’s Amaravati & Bihar for Rs 6,798 crore
PM Narendra Modi-led Cabinet has approved two major railway projects: the 87 km Amaravati Railway Line in Andhra Pradesh at Rs 2,245 crore, connecting major […]
From SCSS to bank FDs & POMIS: What are the top investment options for senior citizens?
Senior citizens near retirement can choose from various investment options to secure steady income. These include the Senior Citizens Savings Scheme, Post Office Monthly Income […]