NEW DELHI: States may find it easier to get 50-year interest-free loans for capital expenditure (capex) from the Centre in the last quarter of the current fiscal year.
The Union government is planning to ease some conditions for giving out these loans under its 'Special Assistance for Capital Investment' scheme, according to two people aware of the development.
The development comes after the country's gross domestic product (GDP) growth slowed to 5.4% in the September quarter, its slowest in nearly two years, due to slower government spending and falling consumption, especially in urban areas, among other factors.
"The idea is to fast-track the disbursement of interest-free capex loans during the last quarter of the fiscal to encourage states to spend more on capital expenditure," the first person mentioned above said.
The second person said the loans are expected to boost state capex spending, particularly on infrastructure projects, to support overall growth. Both persons spoke on the condition of anonymity.
Denne historien er fra January 06, 2025-utgaven av Hindustan Times Navi Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 06, 2025-utgaven av Hindustan Times Navi Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Tough questions for India after two debacles in a row
It doesn't take a lot to get Gautam Gambhir angry. It never has. Even as a player, he was quick to lose his temper and his intensity could often prove to be hard to handle.
Gambhir, Sharma face BCCI scrutiny
India have lost six of their last eight Tests; they were saved by the weather in Brisbane while the Perth Test win was the only bright spot.
SA Sweep Pak to Win Seventh Straight Test
South Africa earned a seventh successive Test victory after beating Pakistan by 10 wickets on Day Four of the second Test at Newlands on Monday and swept the series 2-0.
Fan, Ma Long out of tour events over row with WTT
These are somewhat turbulent times in world table tennis. Three of the sport's most iconic figures and top Chinese players—2024 Paris Olympics singles champions Fan Zhendong and Chen Meng along with the legendary Ma Long—have pulled out of the International Table Tennis Federation (ITTF) world rankings and World Table Tennis (WTT) tour, largely over a dispute regarding fines for non-participation in tournaments.
How Far Are Our Leagues From Introducing VAR?
Could take up to 18 months to implement it, says Trevor Kettle, federation's chief refereeing officer
NCLAT to hear Meta's plea against ₹213 cr fine on Jan 16
Meta asked NCLAT to hear the case urgently, noting its implications and the stakes involved
Urban slump hits FMCG firms
Despite some pockets of resilience in rural markets and price hikes to combat inflation, India's consumer goods companies faced a challenging third quarter.
Services activity rises to 4-month high in Dec
Growth in India's services activity, as measured by the Services Purchasing Manager's Index (PMI), rose to a four-month high of 59.3 in December, up from 58.4 in November, according to a release from S&P Global on Monday.
India Eyes Private Capital For $107 Billion Grid Expansion
India is asking states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.
SC transfers CCI's e-commerce probe cases to K'taka HC
The Supreme Court on Monday centralised all petitions challenging the Competition Commission of India's (CCI) anti-trust probe against e-commerce giants Amazon and Flipkart to the Karnataka high court, while also urging the high court to decide the matter expeditiously.
