Suresh Prabhu to take up issues faced by SEZs with respective ministries

Commerce ministry identifying problems faced by SEZs

by Natasha Nadkar

The commerce & industry minister Suresh Prabhu has assured special economic zone (SEZ) developers and units to take up their issues with respective ministries, particularly ministry of finance for resolution. He said that the ministry of commerce & industry is working to identify problems faced by SEZs. The industry has asked for the removal of minimum alternate tax (MAT) and continuation of tax incentives being enjoyed by units in SEZs. The EPCES had earlier stated that the union budget 2018-19 did not bring any concrete measure for the SEZs despite flagging key issues affecting the sector [see here].

References
1. http://www.moneycontrol.com/news/india/will-take-up-issues-of-sezs-with-respective-ministries-prabhu-2506415.html
CMIE STATISTICS
Unemployment Rate
Per cent
6.2 +0.1
Consumer Sentiments Index
Base September-December 2015
100.6 0.0
Consumer Expectations Index
Base September-December 2015
99.7 0.0
Current Economic Conditions Index
Base September-December 2015
98.2 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 17 Dec 17 Mar 18 Jun 18
New projects 1.25 1.51 3.42 2.32
Completed projects 1.25 1.16 1.56 0.91
Stalled projects 0.69 0.88 3.44 0.30
Revived projects 0.34 0.24 0.26 0.22
Implementation stalled projects 0.78 0.71 1.92 0.04
Updated on: 15 Aug 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 9.7 16.4
 Expenses 9.0 13.0 16.2 19.7
 Net profit -18.0 -14.3 -80.3 3.3
 PAT margin (%) 5.5 4.8 1.2 5.7
 Count of Cos. 4,508 4,503 4,338 3,297
Non-financial Companies
 Income 8.2 13.3 11.1 18.7
 Expenses 8.2 12.4 11.7 20.7
 Net profit -6.0 13.2 1.6 32.5
 PAT margin (%) 6.2 6.4 6.6 7.4
 Net fixed assets 9.2 11.8
 Current assets 2.9 7.2
 Current liabilities 11.0 10.4
 Borrowings 3.4 1.9
 Reserves & surplus 7.9 7.2
 Count of Cos. 3,464 3,471 3,357 2,595
Numbers are net of P&E
Updated on: 15 Aug 2018 9:20AM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.6 1.8 6.0 9.9
 Expenses 5.7 1.9 6.0 13.3
 Net profit 0.1 -9.7 25.8 -37.5
 PAT margin (%) 3.0 2.8 3.5 4.2
 Assets 9.5 10.2 7.5 13.2
 Net worth 8.5 11.3 7.7 12.8
 RONW (%) 5.8 4.9 5.8 5.7
 Count of Cos. 26,178 24,474 22,051 749
Non-financial Companies
 Income 4.9 1.0 5.8 8.5
 Expenses 5.1 0.4 6.1 8.0
 Net profit -9.4 19.9 20.7 6.6
 PAT margin (%) 2.0 2.4 3.0 9.3
 Net fixed assets 13.3 17.9 6.7 27.6
 Net worth 7.0 12.0 6.6 9.7
 RONW (%) 4.6 5.1 5.9 13.2
 Debt / Equity (times) 1.1 1.1 1.0 0.4
 Interest cover (times) 1.9 1.9 2.1 6.2
 Net working capital cycle (days) 66 65 62 8
 Count of Cos. 21,351 20,488 18,371 585
Numbers are net of P&E
Updated on: 12 Aug 2018 11:30AM