The central government expects net tax mop-up to exceed budget targets by Rs.4.5 trillion in 2022-23, a government official told Business Standard. The Union Budget 2022-23 has estimated direct tax collections at Rs.14.2 trillion and indirect tax mop-up at Rs.13.3 trillion. The budget estimate for direct taxes could exceed by Rs.3.5 trillion, while the indirect tax collection could be higher by Rs.700 billion to Rs.1 trillion. The official further stated that tax collected more than the budgeted target would help the government in meeting the fiscal deficit target of 6.4 per cent of GDP for 2022-23.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
7.1 | -0.1 |
Consumer Sentiments Index Base September-December 2015 |
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84.6 | -0.2 |
Consumer Expectations Index Base September-December 2015 |
|
83.7 | 0.0 |
Current Economic Conditions Index Base September-December 2015 |
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86.0 | -0.5 |
Updated on : 05 Feb 2023 12:00AM |
(Rs.trillion) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
New projects | 8.68 | 5.20 | 4.42 | 6.68 |
Completed projects | 1.33 | 1.18 | 1.36 | 1.61 |
Stalled projects | 0.43 | 0.53 | 0.07 | 0.01 |
Revived projects | 0.33 | 0.29 | 0.12 | 0.32 |
Implementation stalled projects | 0.09 | 0.29 | 0.26 | 0.11 |
Updated on: 05 Feb 2023 8:28PM |
(% change) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 20.8 | 40.1 | 25.2 | 19.8 |
Expenses | 19.8 | 41.4 | 27.1 | 20.6 |
Net profit | 31.6 | 21.1 | -1.4 | 5.7 |
PAT margin (%) | 8.8 | 7.2 | 7.8 | 9.9 |
Count of Cos. | 4,686 | 4,704 | 4,578 | 1,301 |
Non-financial Companies | ||||
Income | 24.8 | 50.1 | 27.9 | 18.5 |
Expenses | 25.7 | 52.9 | 31.5 | 20.5 |
Net profit | 10.1 | 8.4 | -21.0 | -12.7 |
PAT margin (%) | 7.6 | 5.7 | 5.7 | 7.1 |
Net fixed assets | 2.0 | 4.1 | ||
Current assets | 15.0 | 19.1 | ||
Current liabilities | 11.7 | 10.4 | ||
Borrowings | 3.5 | 12.8 | ||
Reserves & surplus | 11.2 | 7.6 | ||
Count of Cos. | 3,398 | 3,424 | 3,371 | 944 |
Numbers are net of P&E | ||||
Updated on: 05 Feb 2023 8:28PM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.6 | -1.4 | 26.0 |
Expenses | 0.3 | -3.6 | 24.9 |
Net profit | -3.0 | 74.5 | 63.3 |
PAT margin (%) | 2.0 | 4.5 | 7.2 |
Assets | 8.9 | 10.7 | 9.9 |
Net worth | 4.8 | 12.0 | 14.0 |
RONW (%) | 3.4 | 6.9 | 11.5 |
Count of Cos. | 31,839 | 30,688 | 14,155 |
Non-financial Companies | |||
Income | -1.1 | -2.5 | 30.7 |
Expenses | -0.9 | -4.4 | 30.4 |
Net profit | -20.5 | 62.4 | 61.3 |
PAT margin (%) | 2.3 | 4.0 | 6.2 |
Net fixed assets | 11.4 | 2.4 | 2.1 |
Net worth | 2.1 | 10.6 | 14.5 |
RONW (%) | 4.7 | 7.6 | 12.7 |
Debt / Equity (times) | 1.1 | 1.0 | 0.8 |
Interest cover (times) | 1.9 | 2.5 | 4.0 |
Net working capital cycle (days) | 73 | 82 | 59 |
Count of Cos. | 25,106 | 24,021 | 11,477 |
Numbers are net of P&E | |||
Updated on: 04 Feb 2023 5:32PM |