Centre may miss tax, disinvestment mop-up targets this fiscal

by Nidhi Bhati

The central government is likely to miss its tax collection and disinvestment target for 2020-21, government officials told Business Standard. On the tax front, an internal assessment by the Centre suggests gross tax revenue for 2020-21 may fall short by around Rs.5 trillion against the budget estimate of Rs.24.2 trillion. Revenue from disinvestment has been Rs.179.6 billion this financial year, against a target of Rs 2.10 trillion. Economists are of the view that owing to the lack of preparation and groundwork needed for big-ticket disinvestment, the sale process suffered a delay.

References
1. https://www.business-standard.com/budget/article/budget-2021-govt-stares-at-revenue-shortfall-of-rs-7-trn-this-fiscal-year-121012200064_1.html
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.8 0.0
Consumer Sentiments Index
Base September-December 2015
55.7 +0.3
Consumer Expectations Index
Base September-December 2015
57.7 0.0
Current Economic Conditions Index
Base September-December 2015
52.5 +0.9
Quarterly CapEx Aggregates
(Rs.trillion) Mar 20 Jun 20 Sep 20 Dec 20
New projects 3.83 0.91 1.33 0.93
Completed projects 1.73 0.26 0.72 0.69
Stalled projects 0.73 0.11 0.08 0.30
Revived projects 0.42 0.68 0.29 0.11
Implementation stalled projects 10.22 0.09 0.07 0.12
Updated on: 07 Mar 2021 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 20 Jun 20 Sep 20 Dec 20
All listed Companies
 Income -5.0 -27.6 -6.3 1.5
 Expenses -1.8 -27.9 -10.3 -0.1
 Net profit -51.1 -40.3 47.2 58.8
 PAT margin (%) 2.2 5.3 8.4 8.6
 Count of Cos. 4,376 4,373 4,372 4,323
Non-financial Companies
 Income -9.0 -37.4 -10.5 0.0
 Expenses -4.8 -37.7 -14.2 -1.0
 Net profit -52.2 -56.0 31.5 55.7
 PAT margin (%) 3.1 4.5 8.1 9.0
 Net fixed assets 13.5 5.8
 Current assets 2.5 0.7
 Current liabilities 5.4 -2.8
 Borrowings 15.8 8.1
 Reserves & surplus 1.7 4.4
 Count of Cos. 3,257 3,255 3,254 3,223
Numbers are net of P&E
Updated on: 07 Mar 2021 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.5 13.4 0.0
 Expenses 9.9 13.8 0.1
 Net profit -40.6 15.8 -10.5
 PAT margin (%) 1.9 2.2 3.7
 Assets 10.9 9.6 9.3
 Net worth 7.3 8.4 4.7
 RONW (%) 3.3 3.9 5.4
 Count of Cos. 30,466 29,959 11,603
Non-financial Companies
 Income 8.6 14.1 -2.9
 Expenses 8.8 14.3 -2.3
 Net profit -10.3 21.3 -22.4
 PAT margin (%) 2.7 3.0 3.6
 Net fixed assets 7.2 5.5 12.0
 Net worth 5.9 8.0 1.7
 RONW (%) 5.5 6.5 6.4
 Debt / Equity (times) 1.0 1.0 0.9
 Interest cover (times) 2.1 2.3 2.4
 Net working capital cycle (days) 79 72 61
 Count of Cos. 24,480 24,021 8,388
Numbers are net of P&E
Updated on: 05 Mar 2021 8:23AM