Budgetary capex of Centre grew whopping 58 pct to Rs 52,536 in April to May period, thanks to road and power projects

Budgetary capex of Centre grew whopping 58 pct to Rs 52,536 in April to May period, thanks to road and power projects

Not just the government, its companies and undertakings also have sustained their robust capex pace in the first quarter of 2017-18. The central public sector enterprises (CPSEs) and departmental undertakings (DUs) with annual capex plans of Rs 500 crore and above have invested Rs 57,500 crore in April-June this year — though this was only […]

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Fed signals near-term rate rise despite inflation questions

Fed, Leaving Rates Unchanged, Expects to Wind Down Stimulus ‘Relatively Soon’

The Federal Reserve moved into the ready position Wednesday for the next phase of its retreat from its post-crisis economic stimulus campaign. In a statement after a two-day meeting of its policy-making committee, the Fed said it would start reducing its bond holdings “relatively soon” so long as moderate economic growth continues. The Fed remains […]

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