Govt may approve revised allowances for central staff by 15 March 2017

HRA can increase to 30% of basic pay in metro cities

by Natasha Nadkar

The government may approve revised allowances for the central government staff post ongoing state elections by 15 March 2017. The revised allowances will be effective from 1 April 2017. The house rent allowance (HRA) can increase to 30 per cent of basic pay for employees in cities with a population over 5 million. In the first year, funds required for revised allowances will be in line with the Seventh Central Pay Commission (CPC)’s estimate of Rs.293 billion (including the railways). The budget has allocated Rs.45 billion for all the allowances to be provided to the central staff. If railways bears its own expenditure worth Rs.76 billion for these allowances, then the additional allocation required would be around Rs.172 billion.

References
1. http://www.financialexpress.com/economy/one-year-after-7th-pay-commission-implementation-government-set-to-clear-revised-allowances-for-central-staff/554784/
CMIE STATISTICS
Unemployment Rate
Per cent
5.5 -0.1
Consumer Sentiments Index
Base September-December 2015
94.4 -0.4
Consumer Expectations Index
Base September-December 2015
96.2 -0.3
Current Economic Conditions Index
Base September-December 2015
91.4 -0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 16 Jun 16 Sep 16 Dec 16
New projects 3.31 1.54 2.34 1.42
Completed projects 2.26 0.90 2.15 0.76
Stalled projects 1.04 1.32 0.35 0.44
Revived projects 0.63 0.42 0.51 0.17
Implementation stalled projects 0.92 0.50 0.57 0.79
Updated on: 24 Feb 2017 12:20PM
Quarterly Financials of Listed Companies
(% change) Mar 16 Jun 16 Sep 16 Dec 16
All listed Companies
 Income -0.2 -0.9 2.1 6.4
 Expenses 0.9 -0.4 1.8 6.7
 Net profit -29.1 -3.5 15.3 36.4
 PAT margin (%) 4.9 6.9 7.0 6.0
 Count of Cos. 4,397 4,354 4,314 4,228
Non-financial Companies
 Income -2.1 -2.5 0.6 6.1
 Expenses -3.9 -2.9 -0.2 7.6
 Net profit 4.8 10.3 27.5 20.5
 PAT margin (%) 6.2 7.4 7.0 6.1
 Net fixed assets 3.8 -9.2
 Current assets 3.1 8.1
 Current liabilities 10.6 11.5
 Borrowings 6.7 3.1
 Reserves & surplus 7.9 8.6
 Count of Cos. 3,456 3,426 3,394 3,337
Numbers are net of P&E
Updated on: 24 Feb 2017 12:28PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 11.9 9.3 4.3 0.2
 Expenses 12.1 9.2 4.3 0.3
 Net profit 1.0 -4.2 2.7 -12.1
 PAT margin (%) 3.6 3.2 3.3 3.4
 Assets 14.1 12.2 8.9 7.7
 Net worth 9.5 9.4 8.2 6.2
 RONW (%) 6.8 6.0 6.1 5.7
 Count of Cos. 23,087 20,259 18,916 14,317
Non-financial Companies
 Income 11.1 8.9 3.3 -1.1
 Expenses 11.4 8.6 3.4 -1.9
 Net profit -8.9 -5.6 -3.6 14.1
 PAT margin (%) 2.4 2.1 2.2 3.1
 Net fixed assets 12.9 11.3 12.3 10.8
 Net worth 7.7 8.3 6.6 5.0
 RONW (%) 5.4 4.8 4.8 6.1
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.0 1.9 1.9 2.1
 Net working capital cycle (days) 71 69 68 68
 Count of Cos. 17,721 15,860 14,813 11,415
Numbers are net of P&E
Updated on: 21 Feb 2017 3:48PM

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Low government spending and low consumer expectations to keep growth subdued

Modest increase in capital expenditure; no incentive to private players

Rs.5.34 trillion or 3.2% of GDP