FM announces Rs.1.7 trillion economic relief package

by Manasi Swamy

Finance Minister Nirmala Sitharaman announced Rs.1.7 trillion economic package for poor citizens hit by the lockdown announced to prevent Coronavirus spread. The package includes food security and direct cash transfer benefits. The details are as follow:

  • The Centre will distribute 5 kg rice/wheat and 1 kg pulses for free per household for three months under ‘Prime Minister Gareeb Kalyan’ scheme. The scheme promises to cover at least 0.8 billion people.

  • The centre will distribute LPG cylinder free to beneficiaries of Ujjwala Yojana for next three months.

  • Rs.500 per month will be transferred to women Jan Dhan accounts for next three months.

  • Rs.1,000 per month will be transferred to senior citizens, poor widows and poor disabled people for next three months.

  • First installment of Rs.2,000 under the PM Kisan Samman Nidhi scheme will be transferred in the first week of April 2020 to 86.9 million farmers.

  • Wages under MGNREGA will be increased by Rs.202 per day from Rs.182 per day.

  • Medical insurance of Rs.5 million will be provided to all medical professionals fighting the COVID-19 disease, including Asha Workers, paramedics, nurses.

References
1. https://pib.gov.in/PressReleseDetail.aspx?PRID=1608345
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.7 -2.4
Consumer Sentiments Index
Base September-December 2015
46.3 -0.4
Consumer Expectations Index
Base September-December 2015
48.7 -0.6
Current Economic Conditions Index
Base September-December 2015
42.5 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Sep 19 Dec 19 Mar 20 Jun 20
New projects 3.25 5.55 3.91 0.68
Completed projects 0.85 1.66 1.73 0.24
Stalled projects 0.41 0.61 0.76 0.11
Revived projects 0.43 0.83 0.42 0.59
Implementation stalled projects 0.91 0.13 9.78 0.08
Updated on: 27 Sep 2020 3:28PM
Quarterly Financials of Listed Companies
(% change) Sep 19 Dec 19 Mar 20 Jun 20
All listed Companies
 Income -2.3 -1.7 -4.9 -28.1
 Expenses -3.1 -2.2 -1.8 -28.4
 Net profit -1.3 -10.8 -47.5 -41.1
 PAT margin (%) 5.3 5.1 2.4 5.3
 Count of Cos. 4,452 4,431 4,247 4,117
Non-financial Companies
 Income -6.3 -5.5 -8.9 -38.4
 Expenses -6.7 -6.4 -4.9 -38.4
 Net profit -13.8 -13.8 -48.5 -60.2
 PAT margin (%) 5.7 5.7 3.4 4.2
 Net fixed assets 10.4 12.9
 Current assets 4.9 3.0
 Current liabilities 5.0 4.8
 Borrowings 8.3 14.7
 Reserves & surplus 5.7 2.1
 Count of Cos. 3,328 3,307 3,201 3,102
Numbers are net of P&E
Updated on: 27 Sep 2020 3:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.3 0.9
 Expenses 9.9 13.5 1.3
 Net profit -40.3 22.2 -14.4
 PAT margin (%) 2.0 2.4 5.1
 Assets 10.9 9.3 9.8
 Net worth 7.5 8.6 6.4
 RONW (%) 3.5 4.3 7.1
 Count of Cos. 27,645 26,682 3,100
Non-financial Companies
 Income 8.7 13.8 -2.7
 Expenses 8.8 14.0 -1.9
 Net profit -9.0 23.4 -21.4
 PAT margin (%) 2.7 3.2 5.7
 Net fixed assets 7.1 5.3 15.3
 Net worth 6.1 8.5 3.7
 RONW (%) 5.7 6.9 9.3
 Debt / Equity (times) 1.0 0.9 0.7
 Interest cover (times) 2.1 2.4 3.4
 Net working capital cycle (days) 77 70 52
 Count of Cos. 22,442 21,605 2,329
Numbers are net of P&E
Updated on: 27 Sep 2020 12:32PM