CII recommends 10-point action plan to boost exports

Transportation of consignments ready for shipment tops list

by Nidhi Bhati

The Conferederation of Indian Industry (CII) has recommended a 10-point action plan to boost exports that have been worse affected by COVID-19 pandemic and closing of borders. The CII has stated that export consignments which are ready for shipment should be allowed to be transported from the manufacturer’s factory or warehouse to the Customs facility as an exemption and such consignments should clearly show on the accompanying invoice and e-way Bill that the goods are for an export shipment meant for a foreign buyer. It has also sought one-time relaxation for filing bill of entry and payment of customs duty. In addition, the CII stated that deferred payment of duty may be extended till June 2020. Other recommendations include extension of five per cent interest subventions scheme to all exporters, expedition of GST refunds and waiver of demurrage and container freight station (CFS) charges.

References
1. https://economictimes.indiatimes.com/news/economy/policy/indian-industry-seeks-10-point-boost-plan-from-govt-for-the-exporters-effected-by-coronavirus/articleshow/74826047.cms
CMIE STATISTICS
Unemployment Rate
Per cent
10.9 +0.5
Consumer Sentiments Index
Base September-December 2015
84.8 -2.4
Consumer Expectations Index
Base September-December 2015
85.6 -2.4
Current Economic Conditions Index
Base September-December 2015
86.9 -2.5
Quarterly CapEx Aggregates
(Rs.trillion) Jun 19 Sep 19 Dec 19 Mar 20
New projects 1.09 2.05 4.95 2.92
Completed projects 0.88 0.83 1.64 0.77
Stalled projects 0.13 0.41 0.60 0.49
Revived projects 0.29 0.52 0.83 0.41
Implementation stalled projects 0.98 0.85 0.15 1.13
Updated on: 08 Apr 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 19 Jun 19 Sep 19 Dec 19
All listed Companies
 Income 8.5 4.7 -2.2 -1.7
 Expenses 5.4 2.7 -3.1 -2.2
 Net profit 213.1 17.4 -2.3 -10.3
 PAT margin (%) 3.6 6.2 5.3 5.2
 Count of Cos. 4,437 4,452 4,411 4,356
Non-financial Companies
 Income 8.0 2.4 -6.4 -5.4
 Expenses 7.7 1.7 -6.7 -6.3
 Net profit 1.6 -8.5 -14.9 -13.1
 PAT margin (%) 6.2 6.3 5.8 5.8
 Net fixed assets 5.6 10.4
 Current assets 13.2 4.6
 Current liabilities 7.3 4.8
 Borrowings 12.3 8.4
 Reserves & surplus 7.2 5.9
 Count of Cos. 3,322 3,339 3,314 3,267
Numbers are net of P&E
Updated on: 08 Apr 2020 8:28PM
Annual Financials of All Companies
(% change) FY17 FY18 FY19
All Companies
 Income 6.1 8.1 14.9
 Expenses 6.1 9.5 15.3
 Net profit 26.4 -40.2 20.5
 PAT margin (%) 3.3 2.1 3.2
 Assets 8.6 10.9 9.7
 Net worth 9.6 7.6 8.7
 RONW (%) 5.8 3.5 5.3
 Count of Cos. 27,650 25,093 15,291
Non-financial Companies
 Income 5.8 8.2 15.7
 Expenses 6.0 8.4 16.1
 Net profit 23.2 -9.1 19.5
 PAT margin (%) 2.9 2.8 4.1
 Net fixed assets 9.2 6.9 5.1
 Net worth 8.9 6.1 7.7
 RONW (%) 6.2 5.7 8.2
 Debt / Equity (times) 1.1 1.0 0.8
 Interest cover (times) 2.0 2.2 2.8
 Net working capital cycle (days) 84 76 55
 Count of Cos. 22,609 20,449 11,909
Numbers are net of P&E
Updated on: 05 Apr 2020 5:13PM