Saturday, August 08
New Delhi: Capital expenditure by the central government is expected to cross Rs 12 lakh crore in (Financial Year) FY27, registering a year-on-year growth of around 10 per cent, according to a report by the State Bank of India (SBI).The SBI report highlighted a steady rise in government-led capital spending over the years, highlighting the continued focus on infrastructure creation and economic growth.It stated, "Government capex may cross Rs 12 lakh crore in FY27...a YoY growth of approx. 10 per cent."Data from the report showed that total capital expenditure through the Budget increased sharply from Rs 2.5 lakh crore in FY16 to Rs 11.2 lakh crore in FY26, as per Budget Estimates.Grants for the creation of capital assets have also shown a rising trend. These grants increased from Rs 1.3 l
The rupee rebounded from its all-time low levels and gained 10 paise to trade at 91.80 against the US dollar in early deals on Tuesday, as the dollar index retreated from its elevated levels. Forex traders said the rupee recovered marginally as traders rushed to cover broad dollar weakness. At the interbank foreign exchange, the rupee opened at 91.80 against the greenback, up 10 paise from its previous close. On Friday, the rupee hit a historic low of 92 per dollar and gained marginally to settle at 91.90 against the American currency. Forex and equity markets were closed on Monday for Republic Day. "The dollar index was down sharply to a four-month low of 96.80 amid pre-FOMC positioning as it has weakened 0.98 per cent over the past month," Anil Kumar Bhansali, Head of Treasury and Execut
Momentum-chasing retail investors who lost money in small-cap stocks over the past one-and-a-half years are now wondering whether to sell equities to buy more gold and silver ETFs. The math is seductive: gold has nearly doubled, silver is up 250%, while the Nifty has delivered a paltry 10% gain over the past year. But this chase for glittering performance risks dismantling disciplined asset allocation, replacing strategic hedges with concentrated bets, possibly at the cycle’s peak.“Asset allocation must never be anchored with a recency bias,” warns Pradeep Gupta, Executive Director and Head of Investments India at Lighthouse Canton. Yet that's precisely what's happening as flows into gold ETFs and mutual funds surge, with investors reallocating from equities into precious metals base
