Chief Economic Adviser (CEA) Krishnamurthy Subramanian has called for refining the inflation target band to reflect demand-side factors. In an interview to Reuters, Subramanian explained that there is a need to refine the monetary policy target as the central bank’s tools mainly addressed demand-side factors, while the current inflation target was affected by food prices, primarily dependent on supply-side measures. Food prices, which contribute nearly half of the consumer price index, have significantly affected headline CPI inflation in the last year, he added. Subramanian believes that core inflation could be a better indicator to target. He also suggested that there was a need to update the base year of 2011/12 and review household consumption items for the collection of monthly consumer price data to reflect the change in consumption patterns.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
6.8 | 0.0 |
Consumer Sentiments Index Base September-December 2015 |
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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 |