Net tax mop-up to exceed FY23 budget targets by Rs.4.5 trillion

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
1. https://www.business-standard.com/article/economy-policy/centre-still-hopeful-on-6-4-fiscal-deficit-on-back-of-tax-revenue-gains-122120400809_1.html
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.1 -0.1
Consumer Sentiments Index
Base September-December 2015
84.6 -0.2
Consumer Expectations Index
Base September-December 2015
83.7 0.0
Current Economic Conditions Index
Base September-December 2015
86.0 -0.5
Quarterly CapEx Aggregates
(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
Quarterly Financials of Listed Companies
(% 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
Annual Financials of All Companies
(% 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