Govt may introduce wage code bill in monsoon session

Code approved by ministerial panel on labour issues

by Janhavi Behere

The government may push the Code on Wages Bill for passage in the Parliament’s monsoon session, as per media reports. Labour secretary M Sathiyavathy has confirmed that the government is aiming for introduction of the bill in the monsoon session. The bill would ensure universal minimum wage for all industries and workers and will also cover those workers who are getting a monthly pay of more than Rs.18,000. The ministerial panel on labour issues headed by finance minister Arun Jaitley has already approved the Code. The ministry of labour is now in the process of getting the draft law reviewed by the ministry of law and approved by the Cabinet.

References
1. http://www.business-standard.com/article/economy-policy/govt-will-push-bill-to-ensure-min-wage-for-all-workers-in-monsoon-session-117061800168_1.html
CMIE STATISTICS
Unemployment Rate
Per cent
4.6 -0.0
Consumer Sentiments Index
Base September-December 2015
95.8 -0.2
Consumer Expectations Index
Base September-December 2015
94.8 -0.3
Current Economic Conditions Index
Base September-December 2015
97.3 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Dec 16 Mar 17 Jun 17 Sep 17
New projects 2.33 3.82 2.07 1.04
Completed projects 1.01 1.94 1.16 1.00
Stalled projects 1.13 0.73 2.67 0.67
Revived projects 0.18 0.67 0.30 0.29
Implementation stalled projects 0.83 0.33 0.68 0.62
Updated on: 12 Dec 2017 4:20PM
Quarterly Financials of Listed Companies
(% change) Dec 16 Mar 17 Jun 17 Sep 17
All listed Companies
 Income 6.2 10.2 9.8 8.4
 Expenses 6.3 11.9 10.0 9.7
 Net profit 40.2 16.0 -19.6 -17.7
 PAT margin (%) 6.0 6.0 5.3 5.8
 Count of Cos. 4,509 4,444 4,318 3,364
Non-financial Companies
 Income 5.9 11.8 10.4 8.4
 Expenses 7.2 15.6 10.6 8.4
 Net profit 24.5 -2.3 -25.0 -5.0
 PAT margin (%) 6.2 6.2 5.2 6.6
 Net fixed assets 6.9 9.5
 Current assets 2.6 2.4
 Current liabilities 8.8 10.4
 Borrowings 4.8 3.3
 Reserves & surplus 6.3 8.0
 Count of Cos. 3,484 3,440 3,352 2,533
Numbers are net of P&E
Updated on: 12 Dec 2017 4:20PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.2 1.1 6.7
 Expenses 9.9 5.2 1.2 6.9
 Net profit -2.3 1.4 -13.1 20.6
 PAT margin (%) 3.2 3.2 2.9 6.4
 Assets 12.3 9.4 9.7 8.6
 Net worth 9.6 8.7 10.6 7.9
 RONW (%) 6.2 6.1 5.1 9.2
 Count of Cos. 24,045 23,818 20,791 4,756
Non-financial Companies
 Income 9.7 4.3 0.1 6.7
 Expenses 9.3 4.5 -0.6 7.5
 Net profit -2.7 -5.8 11.6 14.6
 PAT margin (%) 2.2 2.1 2.6 6.3
 Net fixed assets 11.6 13.3 15.5 7.3
 Net worth 8.1 7.1 11.0 6.3
 RONW (%) 5.1 4.9 5.4 10.3
 Debt / Equity (times) 1.1 1.1 1.1 0.7
 Interest cover (times) 2.0 1.9 2.0 3.4
 Net working capital cycle (days) 69 67 66 49
 Count of Cos. 19,288 19,270 17,281 3,624
Numbers are net of P&E
Updated on: 04 Dec 2017 11:59AM

Data added for HPI at Assessment prices and HPI at Market prices