Direct borrowing from foreign agencies allowed for projects over Rs.50 bln

State entities to have an annual revenue of more than Rs.10 bln in last 3 years

by Natasha Nadkar

State government entities can directly borrow loans from bilateral official development assistance (ODA) partners to fund infrastructure projects of over Rs.50 billion, according to the ministry of finance. State government entities will include any authority, public sector undertaking or organisation of the state. Such entities should have an annual revenue of more than Rs.10 billion in previous three years. The revenues generated from the project would be utilised for repayment of principal amount and interest. In April 2017, the government had approved guidelines allowing state entities to borrow money from bilateral funding agencies [see here].

References
1. http://www.business-standard.com/article/economy-policy/govt-allows-states-to-seek-direct-external-borrowings-117051801086_1.html
CMIE STATISTICS
Unemployment Rate
Per cent
3.5 +0.0
Consumer Sentiments Index
Base September-December 2015
96.7 +0.2
Consumer Expectations Index
Base September-December 2015
96.2 0.0
Current Economic Conditions Index
Base September-December 2015
97.3 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 16 Sep 16 Dec 16 Mar 17
New projects 1.46 2.37 1.42 2.92
Completed projects 0.91 2.21 0.90 1.77
Stalled projects 1.40 0.64 1.01 0.35
Revived projects 0.40 0.51 0.17 0.62
Implementation stalled projects 0.50 0.37 0.80 0.27
Updated on: 29 Jun 2017 12:20PM
Quarterly Financials of Listed Companies
(% change) Jun 16 Sep 16 Dec 16 Mar 17
All listed Companies
 Income -0.9 2.1 6.2 10.2
 Expenses -0.3 1.9 6.4 11.8
 Net profit -4.0 14.6 38.9 17.9
 PAT margin (%) 6.9 6.9 6.1 6.2
 Count of Cos. 4,521 4,491 4,487 4,311
Non-financial Companies
 Income -2.5 0.6 6.0 11.7
 Expenses -2.9 -0.2 7.3 15.4
 Net profit 9.7 26.7 23.4 -1.4
 PAT margin (%) 7.4 6.9 6.3 6.4
 Net fixed assets -9.2 7.7
 Current assets 8.1 2.4
 Current liabilities 11.6 9.4
 Borrowings 3.1 5.5
 Reserves & surplus 8.4 7.7
 Count of Cos. 3,515 3,491 3,491 3,365
Numbers are net of P&E
Updated on: 29 Jun 2017 12:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.5 9.9 5.0 1.0
 Expenses 12.8 9.8 5.0 1.1
 Net profit 1.1 -2.1 2.0 -11.6
 PAT margin (%) 3.6 3.2 3.3 3.2
 Assets 14.3 12.2 9.3 8.1
 Net worth 9.6 9.5 8.6 7.4
 RONW (%) 6.8 6.2 6.2 5.6
 Count of Cos. 24,675 22,117 21,242 17,323
Non-financial Companies
 Income 11.8 9.6 4.1 0.0
 Expenses 12.2 9.2 4.2 -0.8
 Net profit -8.5 -2.4 -5.0 12.5
 PAT margin (%) 2.4 2.2 2.2 2.9
 Net fixed assets 12.9 11.6 13.0 12.4
 Net worth 7.8 8.6 7.3 6.7
 RONW (%) 5.5 5.1 4.9 5.9
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 1.9 1.9 2.1
 Net working capital cycle (days) 72 69 66 66
 Count of Cos. 19,170 17,554 16,934 14,134
Numbers are net of P&E
Updated on: 08 Jun 2017 2:48PM

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