Gunning for Growth

03 Feb 2022 CW Team

Finance Minister Nirmala Sitharaman’s Budget for FY22-23 was delivered against the backdrop of the third wave of COVID and its impact. The Budget has increased the capex from Rs 5.5 lakh crore in FY21-22 to Rs 7.50 lakh crore in FY22-23 – the effective capex will be Rs 10.68 lakh crore in FY22-23. This is a commendable step that will translate to 4 per cent of GDP and be around 2.2 times the capex budget of FY2019-20. The doubling of capex in three years is truly a bold move. The finance minister has also involved the states in the capex programme by providing Rs 1 lakh crore support in FY22-23 by way of a 50-year interest-free loan. This will assist states in taking additional capex, adding to overall capex spending in the country. She has also announced the introduction of digital currency by RBI, another bold move.

Here is the impact of the proposal provided sector wise namely for roads, railways, metro rail, Gati Shakti Mission, Jal Shakti, River Interlinking, Renewable Energy, Rural Infra, PM Awas Yojana, Urban Infra, Low Carbon Economy, Digitisation and more…

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Real Estate

30 Oct 2025

Premium Housing Demand Rises Despite 12% Dip in Overall Residential Sales in 2025: JLL

India’s residential property market witnessed a shift toward premium housing in the first nine months of 2025, even as total sales volumes moderated, according to JLL India’s latest residential market update.While overall home sales fell 12 per cent year-on-year (Y-o-Y) to 202,756 units during January–September 2025, the premium housing segment (priced at Rs 10 million and above) registered a 4 per cent growth, led by strong demand in the Rs 10.5–30 million price band — which grew nearly 10 per cent over the same period last year.The slowdown in total volumes was attributed to sustai..

Queensland, Australia Backs METS Delegation for India’s Flagship Mining Expo – IME 2025

Trade and Investment Queensland (TIQ) — the Queensland Government’s global business agency — is leading a high-level delegation of mining equipment, technology and services (METS) companies to the International Mining, Equipment & Minerals Exhibition (IME) 2025, being held in Kolkata from October 30 to November 2.The delegation highlights Queensland, Australia’s world-class mining expertise across digital innovation, mine safety, critical-minerals technology, and sustainable mining solutions — aligning with India’s rapid transformation of its mining and resources sector to supp..

ABB India Expands Local Production with New Line for Energy-Efficient Drives

ABB India has announced the expansion of its local manufacturing footprint with the launch of a new production line for variable speed drive (VSD) modules at its Peenya facility in Bengaluru. The new line enhances ABB’s local production capacity for drives by around 25 per cent, supporting the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.Equipped with state-of-the-art automation and digital monitoring technologies, the new line is designed to meet the rising demand for energy-efficient and high-performance drives across industries such as buildings, da..