According to former Chief Economic Advisor (CEA) of India Arvind Virmani, government’s priority must be to reform India’s tax system in the upcoming Union Budget 2021-22. Emphasis must be given to update the direct tax code and work towards simplifying the Goods and Services Tax (GST) structure. Virmani further said that import tariffs needed to be selectively applied in a phased manner to enable minimum efficient scale in niche markets where India’s exports were competitive.
References | ||
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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 |
Updated on : 05 Mar 2021 12:00AM |
(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 |
(% 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 |
(% 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 |