J&K govt presents Rs. 803.1 bln budget for 2018-19

Budget surplus pegged at Rs. 130.8 bln

by Ericka Sequeira

On 11 January 2018, the Jammu & Kashmir (J&K) government announced its annual budget for financial year 2018-19. The budget has an outlay of Rs. 803.1 billion and entails a number of incentives for farmers in the state. The budget estimates revenue receipts at nearly Rs. 642.6 billion and revenue expenditure at Rs. 511.8 billion, creating a surplus of Rs. 130.8 billion. Fiscal deficit of the current budget stands at Rs. 96.7 billion, which is around 6.5 per cent of the Gross State Domestic Product (GSDP) estimated at Rs. 1.5 trillion.

In addition, the state government has also announced the implementation of the Seventh Pay Commission from April 2018, along with a one per cent hike in dearness allowance (DA). State finance minister Haseeb Drabu also announced the setting up of logistic parks in J&K in order to bring down delivery costs of commodities from 30 per cent to 10 per cent.

References
1. http://jakfinance.nic.in/Budget18/budGlance.pdf
2. http://www.moneycontrol.com/news/india/jammu-kashmir-government-unveils-rs-80k-crore-budget-2481359.html
3. http://www.livemint.com/Politics/ku7YBCkumShfpnEX2ndRgN/JK-budget-pitches-for-logistics-parks.html
CMIE STATISTICS
Unemployment Rate
Per cent
5.4 -0.0
Consumer Sentiments Index
Base September-December 2015
95.6 0.0
Consumer Expectations Index
Base September-December 2015
96.0 0.0
Current Economic Conditions Index
Base September-December 2015
95.0 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 17 Dec 17 Mar 18 Jun 18
New projects 1.25 1.49 3.60 2.27
Completed projects 1.25 1.15 1.42 0.86
Stalled projects 0.69 0.88 3.41 0.30
Revived projects 0.34 0.22 0.26 0.22
Implementation stalled projects 0.78 0.71 1.92 0.03
Updated on: 16 Jul 2018 9:20AM
Quarterly Financials of Listed Companies
(% change) Sep 17 Dec 17 Mar 18 Jun 18
All listed Companies
 Income 7.9 12.0 10.4 18.1
 Expenses 9.0 13.0 17.1 21.2
 Net profit -18.0 -14.3 -80.7 7.3
 PAT margin (%) 5.5 4.8 1.2 19.3
 Count of Cos. 4,501 4,491 4,280 25
Non-financial Companies
 Income 8.2 13.3 11.9 18.2
 Expenses 8.1 12.3 12.8 22.2
 Net profit -6.0 13.2 -1.6 5.7
 PAT margin (%) 6.2 6.4 6.6 20.1
 Net fixed assets 9.2 11.9
 Current assets 2.9 8.2
 Current liabilities 11.0 10.6
 Borrowings 3.4 1.6
 Reserves & surplus 7.9 8.0
 Count of Cos. 3,466 3,469 3,317 19
Numbers are net of P&E
Updated on: 16 Jul 2018 9:20AM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.6 1.8 5.8 12.3
 Expenses 5.7 1.9 5.8 17.9
 Net profit 0.1 -9.3 26.2 -51.0
 PAT margin (%) 3.0 2.8 3.5 3.6
 Assets 9.5 10.2 7.3 14.1
 Net worth 8.5 11.3 7.0 11.0
 RONW (%) 5.8 4.9 5.9 4.8
 Count of Cos. 26,056 24,316 21,815 218
Non-financial Companies
 Income 4.8 1.0 5.7 9.8
 Expenses 5.0 0.3 5.9 9.3
 Net profit -8.5 20.4 21.4 11.9
 PAT margin (%) 2.0 2.5 3.0 13.4
 Net fixed assets 13.3 17.4 6.5 21.2
 Net worth 7.0 12.0 5.7 5.3
 RONW (%) 4.6 5.2 6.1 17.7
 Debt / Equity (times) 1.1 1.1 1.0 0.2
 Interest cover (times) 1.9 1.9 2.1 16.0
 Net working capital cycle (days) 66 65 62 -12
 Count of Cos. 21,269 20,387 18,246 150
Numbers are net of P&E
Updated on: 04 Jul 2018 4:50PM