Capital expenditure on roads and highways is projected to be ₹2.5 lakh crore in the Union Budget for FY24, which is 25% higher than that of the revised estimate for FY23. Capital expenditure in FY23 is up by 80% as compared to the previous fiscal.
Budget 2023
Budget 2023: Centre's priority to roads, highways continues
Capital expenditure in FY23 is up by 80% as compared to the previous fiscal.
People
Jet Airways’ founder Naresh Goyal can’t leave India
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
New scam at PNB will delay return to profits
A ₹3,800 crore fraud will demand more provisioning in the current year, and PNB may require further capital from the government if it needs to grow its business.
Solving for the past, rooted in the present, vaulting to the future
India’s responses to competition have to be flexible, and within the framework of an ongoing conversation between the govt and all stakeholders. This Budget was a great start in that process.
The Karma Group: An inspiring journey of success
People
Jet Airways’ founder Naresh Goyal can’t leave India
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
New scam at PNB will delay return to profits
A ₹3,800 crore fraud will demand more provisioning in the current year, and PNB may require further capital from the government if it needs to grow its business.
Solving for the past, rooted in the present, vaulting to the future
India’s responses to competition have to be flexible, and within the framework of an ongoing conversation between the govt and all stakeholders. This Budget was a great start in that process.
The Karma Group: An inspiring journey of success
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