CPSEs to pay Rs.200 bln to 1.2 mln employees in 2017-18

Salary revision to take place in July 2017

by Natasha Nadkar

The central public sector enterprises (CPSEs) will pay an additional amount of Rs.200 billion as reimbursement to 1.2 million employees. The salary revision for 0.4 million CPSE executives will take place in July 2017 with retrospective effect from 1 January 2017. CPSEs will incur a cost of Rs.80 billion annually on account of this wage revision. Another wage hike for over 0.8 million workers will cost CPSEs Rs.120 billion annually. On the recommendations of the third pay revision committee (PRC) constituted by the department of public enterprises, the salary revision exercise will be conducted by each CPSE separately by negotiating with employee unions.

References
1. http://www.financialexpress.com/economy/after-7th-pay-commission-payment-now-12-lakh-cpse-staff-to-get-rs-20000-cr-windfall-wages-in-2017-18/594749/
CMIE STATISTICS
Unemployment Rate
Per cent
6.1 -0.1
Consumer Sentiments Index
Base September-December 2015
93.3 -0.2
Consumer Expectations Index
Base September-December 2015
93.6 -0.3
Current Economic Conditions Index
Base September-December 2015
92.8 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 17 Sep 17 Dec 17 Mar 18
New projects 2.33 1.38 1.24 2.15
Completed projects 0.87 1.21 1.02 1.07
Stalled projects 2.67 0.69 0.93 3.34
Revived projects 0.23 0.34 0.23 0.14
Implementation stalled projects 0.73 0.72 0.58 1.05
Updated on: 26 Apr 2018 4:20PM
Quarterly Financials of Listed Companies
(% change) Jun 17 Sep 17 Dec 17 Mar 18
All listed Companies
 Income 9.6 7.9 11.9 9.2
 Expenses 9.9 9.0 12.9 9.9
 Net profit -19.9 -18.1 -13.9 6.4
 PAT margin (%) 5.3 5.5 4.9 14.3
 Count of Cos. 4,482 4,470 4,431 96
Non-financial Companies
 Income 10.2 8.2 13.2 6.2
 Expenses 10.5 8.2 12.3 7.8
 Net profit -25.1 -6.0 12.7 -1.6
 PAT margin (%) 5.2 6.2 6.4 12.8
 Net fixed assets 9.2 10.4
 Current assets 78.7 6.9
 Current liabilities 11.0 21.5
 Borrowings 10.4 4.9
 Reserves & surplus 5.2 0.0
 Count of Cos. 3,460 3,444 3,428 70
Numbers are net of P&E
Updated on: 26 Apr 2018 4:20PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.5 1.5 5.1 1.6
 Expenses 5.6 1.7 5.1 0.7
 Net profit 0.0 -10.3 23.7 9.2
 PAT margin (%) 3.1 2.8 3.6 8.3
 Assets 9.5 10.0 6.9 3.3
 Net worth 8.5 11.4 6.0 2.8
 RONW (%) 5.8 4.9 5.9 12.7
 Count of Cos. 25,647 23,668 20,755 19
Non-financial Companies
 Income 4.7 0.6 4.7 1.5
 Expenses 4.9 0.0 5.2 0.6
 Net profit -8.6 18.4 18.0 10.7
 PAT margin (%) 2.0 2.5 3.1 7.4
 Net fixed assets 13.3 17.3 5.4 4.4
 Net worth 6.9 12.0 4.4 2.9
 RONW (%) 4.6 5.1 6.0 11.5
 Debt / Equity (times) 1.1 1.1 1.0 0.2
 Interest cover (times) 1.9 1.9 2.1 11.8
 Net working capital cycle (days) 66 65 62 38
 Count of Cos. 20,897 19,807 17,287 17
Numbers are net of P&E
Updated on: 18 Apr 2018 11:50AM

Time series available from 1990 onwards