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.
Bu hikaye Hindustan Times Haryana dergisinin January 06, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Hindustan Times Haryana dergisinin January 06, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
AFI Reworks National Camp Plan for Athletes
AFI's new policy on training
Newcastle win at Arsenal to put one foot in the final
Newcastle took a giant stride towards the League Cup final as goals from Alexander Isak and Anthony Gordon earned a 2-0 semi-final, first leg lead at Arsenal on Tuesday.
Friendship, coaching rivalry and cricket connections
Sitting in the stands of the Birsa Munda Hockey Stadium, Craig Fulton was observing the Indian players in a training session of Hockey India League (HIL) franchise Team Gonasika.
Chasing history, Spaniard seeks big push Down Under
Alcaraz, who owns 4 Grand Slam titles, will have to shake off his habit of a slow start every season
All eyes on Rohit, Bumrah and Shami in CT selection
Selectors are due to name India's squad for the Feb 22-March 9 ICC Champions Trophy on Saturday
Australia tour rubble shows domestic cricket deserves more respect
India suffered two shattering jolts – first New Zealand and now Australia – but in the gloom there is a silver lining, what teams call 'positives'.
Gold import revision cuts Nov trade deficit by $5 bn
India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.
India Inc. focuses on core areas with exits, buyouts
Stick to your knitting. That's the latest motto for many large Indian companies as they go for demergers and selloffs, while some of them snap up businesses in their primary focus areas.
Govt aims to recover over ₹46.57 lakh cr in tax arrears
The government is making a concerted effort to recover direct and indirect tax arrears amounting to over ₹46.57 lakh crore, with the Central Board of Direct Taxes (CBDT) launching a campaign to recover ₹14.97 lakh crore net collectible demands and the Central Board of Indirect Taxes and Customs (CBIC), ₹4.27 lakh crore, two officials said.
Allcargo to sell stake in Gati
Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said.
