Tag: bay

India aims to achieve 60% of capital expenditure target by September to keep inflation at bay

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[ad_1] Finance Ministry key is asked basic infrastructure Ministries and departments to expedite projects, setting a target of achieving at least 60% of the FY 2013 capital expenditure budget target by the end of September. North Block wants to step up capital expenditure to support an economy hit by high inflationGeopolitical risk and monetary tightening. A government official told ET, “Our target is to achieve around Rs 4.45 lakh crore by the September quarter, which is 60 per cent of the annual target. The government has budgeted a capital expenditure…