Synopsis
The revised estimates (RE) of capital expenditure for FY 2020-21 have also gone up to Rs 4.39 lakh crore, recording an increase of 6.55 per cent.
PTI
Capex for the new lines construction has reduced from Rs 12,000 crore to only Rs 929 crore.
New Delhi: Increase in the capital expenditure provisions for 2020-21 in the Budget is an optical illusion and that for the next fiscal is excessively optimistic and proforma , former finance secretary Subhash Chandra Garg said on Thursday.
In a blogpost titled Higher Capital is Optical Illusion , Garg claimed the capital expenditure headline number of Rs 4.39 lakh crore in the revised estimates for 2020-21 is an optical illusion .