Ministerial panel to meet on 10 August 2018 to discuss concerns flagged against RCEP

Panel to provide guidance on India's stance at RCEP

by Nidhi Bhati

A ministerial panel headed by the commerce & industry minister Suresh Prabhu will meet on 10 August 2018 to discuss concerns flagged by the ministries of steel, pharmaceuticals, agriculture, electronics, heavy industry, textiles and chemicals against the regional comprehensive economic partnership (RCEP), as per industry sources. Member countries are looking to conclude the talks by end of 2019 but a lot of issues are yet to be finalised including the number of products over which duties will be eliminated. The panel will determine India’s stance on RCEP deal, whether it wants to remain a part of the pact or exit the negotiations if other members do not agree with them, industry sources added.

References
1. https://www.financialexpress.com/economy/suresh-prabhu-led-panel-to-meet-on-august-10-to-discuss-issues-concerning-rcep-trade-pact/1274619/
2. https://www.thehindubusinessline.com/economy/india-faces-a-stern-test-of-its-commitment-to-rcep/article24636002.ece
3. https://economictimes.indiatimes.com/news/economy/foreign-trade/china-backed-asia-trade-pact-to-be-examined-by-india-panel/articleshow/65332124.cms
CMIE STATISTICS
Unemployment Rate
Per cent
6.2 +0.0
Consumer Sentiments Index
Base September-December 2015
101.5 +0.3
Consumer Expectations Index
Base September-December 2015
100.7 +0.5
Current Economic Conditions Index
Base September-December 2015
99.5 +0.9
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 17 Dec 17 Mar 18 Jun 18
New projects 1.25 1.51 3.43 2.32
Completed projects 1.26 1.16 1.57 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: 18 Aug 2018 12:20PM
Quarterly Financials of Listed Companies
(% change) Sep 17 Dec 17 Mar 18 Jun 18
All listed Companies
 Income 7.9 12.0 9.7 16.3
 Expenses 9.0 13.0 16.2 19.4
 Net profit -18.0 -14.3 -80.1 3.7
 PAT margin (%) 5.5 4.8 1.2 5.5
 Count of Cos. 4,508 4,503 4,360 4,023
Non-financial Companies
 Income 8.2 13.3 11.1 18.5
 Expenses 8.2 12.4 11.7 20.3
 Net profit -6.0 13.2 1.8 33.5
 PAT margin (%) 6.2 6.4 6.6 7.2
 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 3,372 3,172
Numbers are net of P&E
Updated on: 18 Aug 2018 12:20PM
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