NEW DELHI: India's state governments appear to be priming themselves for a significant capital expenditure (capex) push in the current quarter, offering hope of a drive towards reviving the pace of India's economic growth after a succession of slow-growing quarters.
States across India—led by West Bengal, Maharashtra, and Karnataka—are set to increase their market borrowings by about 18% year-on-year in the fourth quarter of the fiscal year 2024-25 (Q4 FY25).
According to latest data released by the Reserve Bank of India (RBI), the total market borrowing by states for Q4 FY25 may reach ₹4.73 lakh crore, up from gross issuances of ₹4 lakh crore in the year-ago period.
This story is from the January 04, 2025 edition of Hindustan Times East UP.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 04, 2025 edition of Hindustan Times East UP.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Focus on Satwik-Chirag at Malaysia Open
India's doubles duo of Satwiksairaj Rankireddy and Chirag Shetty will aim for a strong result, Lakshya Sen will look to build on his recent form and HS Prannoy will hope to shake off rust after a lengthy break at the season-opening Malaysia Super 1000 tournament starting here on Tuesday.
Man United slow Liverpool's charge towards League title
Manchester United rallied to snap a four-game losing streak and slow Liverpool's romp towards the Premier League title in a thrilling 2-2 draw at Anfield on Sunday.
Tactics to break down Rohit successful: O'Keeffe
Indian skipper Rohit Sharma wilted under the traditional Australian tactic of mentally breaking down the opposition captains during the just-concluded Border-Gavaskar Trophy, said former spinner Kerry O'Keeffe.
Late Dembele strike earns PSG Champions Trophy
Ousmane Dembele's stoppage-time goal settled the French Champions Trophy on Sunday, giving Paris Saint-Germain a 1-0 win over Monaco in a fixture played in Doha.
ICC, BCCI, CA, ECB Explore Chances of Two-Tier Tests
The ICC in collaboration with cricket boards of India, Australia and England is exploring the possibility of a two-tier Test system to facilitate more series between big three nations.
India Eyes Private Capital for $107 Billion Grid Expansion
India is asking states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.
NCLAT to hear Meta's plea against ₹213 cr fine on Jan 16
META ASKED NCLAT TO HEAR THE CASE URGENTLY, NOTING ITS IMPLICATIONS AND THE STAKES INVOLVED
Titan Sees 24% Q3 Growth on Strong Demand
Tata group firm Titan Company Ltd on Monday said it registered a year-on-year growth of 24% on a standalone basis in the third quarter of the ongoing fiscal buoyed by strong festive demand, especially in the jewellery segment.
Rupee Falls 4 Paise to Record Low of 85.83
The rupee declined 4 paise to settle at a fresh record low of 85.83 (provisional) against the US dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.
Stonepeak's Digital Edge gets $1 billion loans for data centers
Digital Edge DC, a company backed by private equity fund Stonepeak Infrastructure Partners, has secured $1 billion in debt to fund its data center expansion across Asia, according to a company press release on Monday.
