Govt may allow NBFCs to take deposits under gold monetisation scheme

FinMin to step up discussions with stakeholders

by Janhavi Behere

The government may consider allowing non-banking financial companies (NBFCs) and some other financial institutions to take gold deposits in order to boost the performance of the gold monetisation scheme. The finance ministry is likely to step up discussions with stakeholders on how to convince temples and trusts that are sitting on huge piles of gold to participate in this scheme, as per a report in Financial Express. The proposal, if implemented would help the gold monetisation scheme which has witnessed deposits of just 7-8 tonnes since its launch in November 2015.

References
1. http://www.financialexpress.com/india-news/gold-monetisation-scheme-centre-eyes-allowing-nbfcs-fis-to-take-deposits-may-benefit-muthoot-finance-manappuram-finance/764111/
CMIE STATISTICS
Unemployment Rate
Per cent
4.8 +0.0
Consumer Sentiments Index
Base September-December 2015
97.2 -0.2
Consumer Expectations Index
Base September-December 2015
96.5 0.0
Current Economic Conditions Index
Base September-December 2015
98.2 -0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 17 Jun 17 Sep 17 Dec 17
New projects 4.00 2.11 1.18 0.84
Completed projects 1.95 0.86 1.03 0.90
Stalled projects 0.74 2.67 0.67 0.80
Revived projects 0.86 0.30 0.29 0.20
Implementation stalled projects 0.33 0.69 0.73 0.58
Updated on: 22 Jan 2018 9:20AM
Quarterly Financials of Listed Companies
(% change) Mar 17 Jun 17 Sep 17 Dec 17
All listed Companies
 Income 10.2 9.7 7.9 10.8
 Expenses 11.9 10.0 9.2 10.5
 Net profit 16.1 -19.8 -20.0 15.0
 PAT margin (%) 6.0 5.3 5.4 14.9
 Count of Cos. 4,460 4,387 4,310 153
Non-financial Companies
 Income 11.8 10.3 7.7 9.9
 Expenses 15.6 10.6 7.8 9.8
 Net profit -2.3 -25.2 -7.9 13.9
 PAT margin (%) 6.2 5.2 6.1 14.6
 Net fixed assets 6.9 9.0
 Current assets 2.7 78.0
 Current liabilities 8.8 10.6
 Borrowings 4.9 10.1
 Reserves & surplus 6.3 4.8
 Count of Cos. 3,448 3,406 3,346 111
Numbers are net of P&E
Updated on: 22 Jan 2018 9:20AM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.3 1.4 6.6
 Expenses 9.9 5.4 1.5 7.1
 Net profit -2.5 1.6 -12.6 18.7
 PAT margin (%) 3.1 3.2 2.9 5.7
 Assets 12.3 9.4 9.8 8.3
 Net worth 9.6 8.7 10.8 7.2
 RONW (%) 6.1 6.1 5.1 8.3
 Count of Cos. 24,439 24,353 22,049 8,816
Non-financial Companies
 Income 9.7 4.5 0.5 6.4
 Expenses 9.4 4.6 -0.3 7.6
 Net profit -3.1 -5.5 12.5 11.8
 PAT margin (%) 2.2 2.1 2.6 5.3
 Net fixed assets 11.7 13.3 15.6 7.3
 Net worth 8.2 7.1 11.2 5.3
 RONW (%) 5.0 4.9 5.4 9.0
 Debt / Equity (times) 1.1 1.1 1.1 0.8
 Interest cover (times) 2.0 1.9 2.0 2.9
 Net working capital cycle (days) 69 67 65 52
 Count of Cos. 19,688 19,805 18,467 6,761
Numbers are net of P&E
Updated on: 21 Jan 2018 12:27PM

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