Centre's FY19 capex may rise 16% to Rs 3.6 trn, as pvt sector remains shy
For PSUs and Centre combined, capex target is very likely to cross Rs 4.2 trillion -- highest for any given year, surpassing previous high by a wide margin BUDGET NEWS : Finance Minister Arun Jaitley is looking at yet another year of the central government and nation-owned businesses carrying a bulk of infrastructure spending. The Centre’s capital expenditure for 2018-19 could be at least Rs 3.6 trillion (Rs 3.6 lakh crore), approximately Rs 510 billion (RS fifty one,000 crore) or sixteen per cent higher than 2017-18 budgeted estimates of Rs three.09 trillion (Rs three.09 lakh crore). For PSUs and the Centre combined, the capex target is without problems predicted to move Rs four.2 trillion (Rs 4.2 lakh crore), enterprise standard has learnt. This will be the highest for any given year, and could surpass the preceding excessive with the aid of a extensive margin. The 2018-19 finances, to be offered via Jaitley on February 1, can be last complete finances bef...