menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Business News

>

No cut in ...
source image

HinduBusinessLine

3d

read

251

img
dot

Image Credit: HinduBusinessLine

No cut in capex; SASCI release in FY25 crosses ₹1.46 lakh crore, says FM Sitharaman

  • Finance Minister Nirmala Sitharaman responded to the criticism of former Finance Minister P Chidambaram, stating that there has been no cut in the capex of the Central government.
  • Sitharaman mentioned that the claims about a cut in capital expenditure are misleading and based on flawed comparisons, as budget estimates naturally evolve into revised estimates based on various factors.
  • She highlighted that the capex numbers have increased year-on-year, with a rise from ₹10.01 lakh crore (BE 23-24) to ₹11.11 lakh crore (BE 24-25), indicating an 11.11% increase.
  • Sitharaman emphasized the increase in capex outlays by the central government since 2021, with a significant rise from ₹4.12 crore in FY21 to ₹11.2 lakh crore in FY26, and mentioned that the actual releases for SASCI in FY25 amount to ₹1,46,362 crore.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app