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Amazon CEO Andy Jassy has said that investors should not worry about Amazon’s heavy spending on AI, arguing that it will drive long-term growth. Speaking on “Mad Money” recently, Andy Jassy said the company’s large investments in AI infrastructure are necessary and is exactly why the investors will be rewarded over time. Jassy described AI…
NEW DELHI: While acknowledging possible stress due to the West Asia conflict , expenditure secretary Vumlunmang Vualnam Friday said that the Centre will prioritise capital expenditure and seek to ensure that the entire allocation for public spending is utilised.“The fiscal stress is indeed very much a reality, but at the same time… the capex will…
India has now become the world’s fifth-largest military spender after its defence budget surged by 8.9 per cent. The spike comes amidst a larger rise in the global military expenditure.According to a report released by the Stockholm International Peace Research Institute (SIPRI) on Monday, global expenditure hit a record $2.89 trillion last year, and India…
The Union Budget for FY 2026-27 has pegged total expenditure at Rs 53.47 lakh crore, Finance Minister Nirmala Sitharaman said while replying to the discussion on the Budget in the Lok Sabha, outlining the government’s strategy of maintaining high capital spending alongside fiscal consolidation.The revised estimate for the current financial year ending March 31 has…
NEW DELHI: As India prepares for the Union Budget for 2026–27, scheduled to be presented on February 1, it is worth noting that when the country’s budgetary journey began, in a vastly different India, still finding its feet after independence.India’s first Union Budget was presented on November 26, 1947, three months after the country attained…
The government is expected to prioritise medium-term debt consolidation while continuing a strong push for capital expenditure in the Union Budget for 2026-27, according to pre-Budget expectations outlined by rating agency ICRA.ICRA said the upcoming Budget assumes added significance as it will be the first to align with the recommendations of the 16th Finance Commission,…
India’s national highway network has grown sharply over the last decade, becoming the second-largest in the world. The total length now stands at 146,560 km, compared with 91,287 km in 2014, an expansion of over 61%. The increase has largely come from the push to build high-speed corridors and four-lane highways under the Bharatmala Pariyojana….
The gap between telecom operators’ network expenditure and revenue continues to widen, prompting industry body COAI to defend calls for higher mobile tariffs, citing the increasing financial burden of network deployment on service providers.Speaking at the India Mobile Congress, Cellular Operators Association of India (COAI) Director General, SP Kochhar, told PTI that while the government…
States’ expenditure on salaries, pensions, and interest payments has surged nearly 2.5 times over the past decade, highlighting the rising share of committed spending in state budgets, according to the latest report by the Comptroller and Auditor General of India (CAG).The report, State Finances 2022-23, shows that combined committed expenditure across 28 states rose to…
