The upcoming interim budget is likely to see higher capital expenditure on infrastructure, with a focus on green investment to meet the demand for earlier committed projects and offset the impact of global uncertainty. Experts expect the government to continue maximizing public expenditure on infrastructure, aiming for gross capital formation on infrastructure to be 8-9% of GDP. The Confederation of Indian Industry suggests that rationalization of subsidies, revenue augmentation, and simplification of taxes could allow the government to increase capital expenditure by 20% to ₹12 lakh crore.
Budget 2024 Expectations: Logistics cos expect continued govt capex push towards logistics efficiency, other financial incentives financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The government has launched a major initiative aimed at revolutionising transportation and logistics infrastructure in line with its vision to make India a developed nation by 2047.
Over 100 Army proposals co-opted for dual-use under PM Gati Shakti plan thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
In a historic move, the Ministry of Ports, Shipping, and Waterways (MoPSW) has launched a transformative infrastructure development initiative aligned with the 2047 Vision. Signifying a new era for Deendayal Port Authority (DPA), Kandla, a monumental