Central Board of Indirect Taxes and Customs (CBIC) chief Vivek Johri has stated that monthly Goods and Services Tax (GST) collection is expected to average around Rs.1.5 trillion in 2023-24 and would be the new normal. CBIC has drawn up a strategy to augment GST mop-up by way of stricter audit and scrutiny of tax returns, enforcement action against fake billing and input tax credit claims. He further stated that the GST and Customs revenue collection numbers as given in Union Budget 2023-24 are realistic based on nominal GDP growth and import trends. The Budget has projected 12 per cent growth in GST mop-up at Rs.9.6 trillion.
Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
7.7 | +0.1 |
Consumer Sentiments Index Base September-December 2015 |
|
89.0 | +0.2 |
Consumer Expectations Index Base September-December 2015 |
|
89.2 | +0.3 |
Current Economic Conditions Index Base September-December 2015 |
|
88.7 | 0.0 |
Updated on : 27 Mar 2023 12:00AM |
(Rs.trillion) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
New projects | 9.01 | 5.29 | 4.50 | 6.84 |
Completed projects | 1.34 | 1.17 | 1.39 | 1.69 |
Stalled projects | 0.43 | 0.54 | 0.08 | 0.01 |
Revived projects | 0.33 | 0.29 | 0.16 | 0.68 |
Implementation stalled projects | 0.09 | 0.29 | 0.28 | 0.11 |
Updated on: 28 Mar 2023 9:28AM |
(% change) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 20.8 | 40.1 | 25.2 | 16.5 |
Expenses | 19.8 | 41.4 | 26.9 | 16.4 |
Net profit | 31.6 | 21.2 | -1.2 | 6.5 |
PAT margin (%) | 8.8 | 7.2 | 7.6 | 8.3 |
Count of Cos. | 4,707 | 4,750 | 4,703 | 4,512 |
Non-financial Companies | ||||
Income | 24.8 | 50.1 | 27.8 | 14.9 |
Expenses | 25.7 | 52.9 | 31.2 | 15.5 |
Net profit | 10.1 | 8.4 | -21.4 | -9.1 |
PAT margin (%) | 7.6 | 5.7 | 5.5 | 6.0 |
Net fixed assets | 2.0 | 4.1 | ||
Current assets | 15.0 | 19.0 | ||
Current liabilities | 11.6 | 10.4 | ||
Borrowings | 3.6 | 12.4 | ||
Reserves & surplus | 11.2 | 6.8 | ||
Count of Cos. | 3,407 | 3,441 | 3,431 | 3,333 |
Numbers are net of P&E | ||||
Updated on: 28 Mar 2023 9:28AM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.6 | -1.1 | 26.6 |
Expenses | 0.3 | -3.3 | 25.6 |
Net profit | -2.9 | 73.9 | 63.9 |
PAT margin (%) | 2.1 | 4.5 | 6.7 |
Assets | 8.9 | 10.8 | 10.0 |
Net worth | 4.9 | 11.9 | 14.2 |
RONW (%) | 3.5 | 7.0 | 11.2 |
Count of Cos. | 32,302 | 31,154 | 17,502 |
Non-financial Companies | |||
Income | -1.0 | -2.1 | 30.8 |
Expenses | -0.8 | -4.0 | 30.4 |
Net profit | -19.7 | 61.6 | 61.4 |
PAT margin (%) | 2.3 | 4.0 | 5.8 |
Net fixed assets | 11.5 | 2.5 | 2.4 |
Net worth | 2.3 | 10.5 | 14.7 |
RONW (%) | 4.8 | 7.7 | 12.2 |
Debt / Equity (times) | 1.1 | 1.0 | 0.8 |
Interest cover (times) | 1.9 | 2.5 | 3.8 |
Net working capital cycle (days) | 74 | 81 | 62 |
Count of Cos. | 25,547 | 24,467 | 14,565 |
Numbers are net of P&E | |||
Updated on: 27 Mar 2023 9:58AM |