Inclusive Growth

03 Feb 2022 Editorial Team

Contrary to expectations, the much-anticipated budget of FY23 was bold and made a statement aiming at a structural foothold for long-term, high, single-digit growth rather than a financial presentation for just one year.

The headline deficit is higher than expected for both FY22 at 6.9 per cent and FY23 at 6.4 per cent. However, the deficit being directed towards capital spending while pruning revenue spending is a positive.

With a clear focus on low-hanging fruits such as roads, railways, defence, communication and increased allocation in the hands of states, the intent of a structural revival in growth is set. The Government is not shy of spending and allocating to develop the core infrastructure of the economy while simultaneously pruning revenue expenditure and subsidies. Revenue expenditure excluding interest is budgeted for a decline as most expenditure is projected to reduce or stay flat with the exception of allocation to states.

The highlights

While the headline capex is ~24 per cent year on year (y-o-y), within the detail there is significantly higher allocation for roads (58 per cent) and communication and loans to states (4x). Defence and rail capex is also a healthy double digit. Under the larger umbrella of PM Gati Shakti, there is a layout for a multiyear capex pipeline. Capex/GDP grows to 2.9 per cent versus 2.6 per cent. Note that earlier in the years between FY2002 and 2005, average capex to GDP was 3.2 per cent, which led to strong GDP growth in the years ahead.

PM Gati Shakti with its focus on seven core sectors is clearly positioned as the engine for growth. And this time around…

Click here to read more...

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..