RBI seeks extension of part time MPC members' tenure

Term of members set to get over in September 2020

by Nidhi Bhati

The Reserve Bank of India (RBI) has reportedly sought an extension of tenure for its part time members in the Monetary Policy Committee (MPC) with an aim to maintain policy continuity amid the Covid-19 pandemic crisis. Under the RBI Act, part time or external members of the MPC have a four-year term which cannot be extended. The terms of external members appointed to the MPC in 2016, Chetan Ghate, Pami Dua and Ravindra Dholakia are ending in September 2020, prompting the regulator to seek an extension from the government.

References
1. https://economictimes.indiatimes.com/news/economy/policy/rbi-seeks-extension-for-monetary-policy-committee-members/articleshow/76687316.cms
CMIE STATISTICS
Unemployment Rate
Per cent
9.1 -0.0
Consumer Sentiments Index
Base September-December 2015
42.7 0.0
Consumer Expectations Index
Base September-December 2015
44.9 +0.7
Current Economic Conditions Index
Base September-December 2015
39.4 -1.1
Quarterly CapEx Aggregates
(Rs.trillion) Sep 19 Dec 19 Mar 20 Jun 20
New projects 3.12 5.15 3.39 0.57
Completed projects 0.85 1.65 1.70 0.17
Stalled projects 0.41 0.61 0.77 0.11
Revived projects 0.43 0.83 0.42 0.53
Implementation stalled projects 0.90 0.15 9.30 0.07
Updated on: 10 Jul 2020 9:28AM
Quarterly Financials of Listed Companies
(% change) Jun 19 Sep 19 Dec 19 Mar 20
All listed Companies
 Income 4.6 -2.3 -1.7 -4.0
 Expenses 2.7 -3.1 -2.2 -0.9
 Net profit 17.5 -1.3 -11.1 -43.0
 PAT margin (%) 6.2 5.3 5.1 3.1
 Count of Cos. 4,486 4,445 4,407 2,650
Non-financial Companies
 Income 2.4 -6.3 -5.5 -8.1
 Expenses 1.6 -6.7 -6.4 -4.0
 Net profit -7.5 -13.5 -14.1 -46.0
 PAT margin (%) 6.3 5.8 5.7 4.2
 Net fixed assets 10.4 13.8
 Current assets 5.0 2.8
 Current liabilities 5.0 3.8
 Borrowings 8.4 14.9
 Reserves & surplus 6.0 4.3
 Count of Cos. 3,361 3,335 3,301 2,044
Numbers are net of P&E
Updated on: 10 Jul 2020 9:28AM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.3 13.2 4.3
 Expenses 9.8 13.4 2.8
 Net profit -39.9 20.7 15.0
 PAT margin (%) 2.0 2.4 10.3
 Assets 10.9 9.2 11.8
 Net worth 7.5 8.5 6.5
 RONW (%) 3.5 4.4 11.7
 Count of Cos. 26,220 24,732 364
Non-financial Companies
 Income 8.5 13.6 0.1
 Expenses 8.6 13.8 -1.2
 Net profit -8.7 23.5 4.6
 PAT margin (%) 2.8 3.2 12.7
 Net fixed assets 7.1 4.9 30.4
 Net worth 6.1 8.4 3.6
 RONW (%) 5.7 7.0 15.3
 Debt / Equity (times) 1.0 0.9 0.5
 Interest cover (times) 2.1 2.4 6.3
 Net working capital cycle (days) 77 69 -13
 Count of Cos. 21,415 20,146 258
Numbers are net of P&E
Updated on: 09 Jul 2020 7:12PM